February saw a significant decline in sales in Montreal, but not every borough felt the drop the same way.
According to the Greater Montreal Real Estate Board (GMREB) and new numbers from the provincial database Centris, the city saw 22 per cent fewer sales in February 2013 compared to the same time the year before.
The 3,415 sales last month were the lowest level for February since 2009. And the decline was felt in all property types: single-family homes saw the smallest decrease at 22 per cent, followed by condos at 23 per cent, while plexes fared the worst with a 25 per cent decrease.
In terms of districts, the biggest drop in sales was the 42 per cent fall in Vaudreuil-Soulanges, while the North Shore fared the best with a 12 per cent decrease.
Overall, the city saw an increase in properties on the market: there were 10 per cent more listings in February 2013 than the same time in 2012.
While the median price for condos stayed the same, both single family homes and plexes posted small year-over-year gains.
Check out the tables below for more details…