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Market Expands; Average Condo $226,000

 
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Montreal Bits » News » Market Trends » Market Expands; Average Condo $226,000
Posted11/Mar/2007 20:00:00
AuthorGromco

According to a recently released [report] by the Greater Montreal Real Estate Board, the condo market is off to a good start in 2007: 8,954 transactions recorded so far represent a 11% increase year-over-year.

The average price of a condo in 2007 is $226,000 which is 3% higher than a year earlier.

The areas around Montreal are noticeably cheaper, but Laval shows a much faster price growth (+10%). Recorded averages for condo prices were as follows:

  • Montreal: $226,000 (up 3%)
  • Laval: $170,000 (up 10%)
  • Montérégie: $161,000 (up 9%)
  • Laurentians: $168,000 (down 9%)
  • Lanaudière: $131,000 (up 2%)
(All prices are in Canadian dollars)

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