Montréal Metropolitan Area … · Overview of 2008: Second Best Year in History . Despite a...

• Resale Market Decelerates at the End of the Year

MLS® Barometer - Residential Market Fourth Quarter 2008

Montréal Metropolitan Area

Highlights

• All Geographic Sectors are Affected• Moderate Price Increases• No Longer a Seller’s Market• Overview of 2008: Second Best Year in History

Analysis

Resale Market Decelerates at the End of the Year

Up until the end of the year, the resale market – which had shown surprising strength – finally started feeling the effect of today's economic turbulence. MLS® statistics show that the Montréal Metropolitan Area finished 2008 with 6,805 residential transactions in the fourth quarter, 25 per cent less than the same period in 2007. Also in the fourth quarter, the number of active listings increased by 15 per cent compared to last year, giving buyers a bit more choice.

As the economy's problems intensified, consumer confidence in Québec dropped. The proportion of Québecers who said that now is a good time to make a major purchase dropped from 54 per cent in the fourth quarter of 2007 to 26 per cent in the fourth quarter of 2008, its lowest level since 1990. As well, the Montréal Metropolitan Area registered 7,200 job losses in the last quarter of 2008, bringing the unemployment rate to 7.5 per cent, an increase of 0.5 of a percentage point.

On the other hand, as a counter-measure, the reduction in mortgage rates will help stimulate the credit market and will no doubt be beneficial to the real estate market over the coming months. The average mortgage rate for a one-year term was down to 6.10 per cent (-0.65 of a percentage point), and rates for three-year and five-year terms stayed stable.

All Geographic Sectors Affected Also in the fourth quarter, three out of the five geographic sectors of the Montréal Metropolitan Area experienced similar declines: the Island of Montréal at -26 per cent, the North Shore at -25 per cent, and the South Shore at -25 per cent. The most pronounced decrease, at 33 per cent, was recorded in Vaudreuil-Soulanges, while the smallest decrease was in Laval (-18%).

In terms of property categories, the market for single-family homes, which has the lion's share (59 %) of total sales in the Montréal Metropolitan Area, registered 4,004 transactions in the fourth quarter of 2008, a drop of 26 per cent compared to one year earlier. The strongest downward pressure came from the North Shore and Vaudreuil-Soulanges sectors, where the number of sales dropped 29 per cent and 31 per cent, respectively.

As for condominium sales, which now represent nearly one out of every four sales in the Montréal Metropolitan Area, there was a decrease of 24 per cent in the number of transactions in the fourth quarter of 2008 compared to the same period in 2007, bringing the number of sales to 1,839. The largest decrease in condominium sales were on the South Shore (-29 per cent) and on the Island of Montréal (-27 per cent).

Finally, transactions in the plex market (2 to 5 dwelling) also fell in the fourth quarter of 2008, with 952 transactions, a 24 per cent drop compared to the same period in 2007. The Island of Montréal (-24 per cent) and Laval (-32 per cent) experienced the largest decrease in plex sales.

Moderate Price Increases The median price of a single-family home in the Montréal Metropolitan Area continued to climb in the last three months of 2008, reaching $227,000 – an increase of 3 per cent compared to 2007. For condominiums, the median price decreased slightly by 1 per cent compared to the same period in 2007 to reach $186,000. The median price of plexes continued to grow (+3 per cent), reaching $335,000. These price increases are lower than those recorded during the first three quarters of the year, when it was a seller's market.

No Longer a Seller's Market in Some Sectors Overall, market conditions have gradually evolved into a balanced market in 2008. However, a buyer's market is slowly taking hold in certain sectors and price ranges. For example, the market for $300,000+ single-family homes is now a buyer's market on the North Shore, and in the Laval and Vaudreuil-Soulanges sectors. Of course, there are still several market segments in which sellers hold the big end of the stick when it comes to negotiating, but their numbers are starting to decrease.

Overview of 2008: Second Best Year in History Despite a sluggish last quarter, 2008 was still the second-best year in history. It ended with a total of 40,442 residential transactions in the Montréal Metropolitan Area, a decrease of 7 per cent compared to the record-breaking 44,176 transactions in 2007. The North Shore registered the largest decrease in sales with 8,956 transactions, 9 per cent less than the previous year. The Island of Montréal and Vaudreuil-Soulanges followed closely, with a decrease of 8 per cent. The South Shore (-5 per cent) and Laval (-6 per cent) sectors registered moderate decreases.

In 2008, condominium sales remained stable, while sales of single-family homes and plexes fell by 10 per cent and 9 per cent, respectively. As for median prices, the upward trend continued. Overall in 2008, the median price for single-family homes was $225,000 (+5 per cent), the median price for condominiums was $185,000 (+3 per cent) and the median price for plexes was $335,000 (+6 per cent).

The total number of new listings for the year grew by 6 per cent compared to 2007.

Overall, market conditions have gradually evolved into

a balanced market in 2008. However, a buyer's market

is slowly taking hold in certain sectors and price ranges.

Up until the end of the year, the resale market – which

had shown surprising strength – finally started feeling

the effect of today's economic turbulence.

1

Source : Statistics Canada

Fourth Quarter 2008

Economic Indicators

Monthly evolution of mortgage rates – 5-year term

Fourth Quarter 2008

(1) Variation from previous quarter

(2) Variation from the same quarter one year ago

(3) Administrated rates of Canadian chartered banks

(4) Measure used by the Bank of Canada to guide its decisions

(5) Proportion of people who responded “yes” to this question

(6) Seasonally adjusted

(7) The total also includes co-operative housing

Sources : Statistics Canada, Conference Board and CMHC

Note : Green arrows indicate good news and red arrows indicate bad news. The arrows indicate stability.

Level

1-year term 6.1% -0.65 -1.17

3-year term 6.8% -0.02 -0.65

5-year term 7.1% 0.10 -0.41

Level

Overall 1.9% -1.5

Reference(4) 2.2% 0.5

Level

Overall 68 -14 -26

Good time to make a major purchase(5) 26% -14 -28

Niveau

Employment (in thousands)(6) 1,904.6 9.3 -7.2

Unemployment rate(6) 7.5% 0.1 0.5

Level

Total 5,331 3%

Single-Family 2,015 -20%

Condominium 2,251 32%

Rental 933 6%

N/A

N/A

N/A

Housing starts (Montréal census metropolitan area)

Variation (1)

Annual change (2)

N/A

Labour market (Montréal census metropolitan area)

Variation (1)

Annual change (2)

N/A

N/A

Consumer confidence level (Québec province)

Variation (1)

Annual change (2)

Annual inflation rate (Canada)

Variation (1)

Annual change (2)

Mortgage rates(3)

Variation (1)

Annual change (2)

5

5.5

6

6.5

7

7.5

88.0

7.5

7.0

6.5

5.5

6.0

5.0

%

2

Map

Boundary of the

Montréal Census Metropolitan Area*(CMA)

*Statistics Canada definition, 2006 census

(1) - No MLS® data available for Kanesatake and Kahnawake

©2009 Québec Federation of Real Estate Boards. All rights reserved.

This map is protected by copyright and is the property of the Québec Federation of Real Estate Boards. Any use of this map, in whole or in part, directly or indirectly,

is expressly prohibited, unless prior written authorization is obtained from the copyright owner.

Click on the name of the desired large area in order to access the map and related data

3

Island of Montréal

Area 1 : West Island

Baie-d'Urfé, Beaconsfield, Dollard-des-Ormeaux, Dorval, Kirkland, L'Île-Bizard/Sainte-Geneviève, L'Île-Dorval, Pierrefonds-Roxboro, Pointe-Claire, Sainte-Anne-de-Bellevue, Senneville

Area 2 : Saint-Laurent/Ahuntsic

Ahuntsic-Cartierville (Montréal), Saint-Laurent (Montréal)

Area 3 : South-West of the Island

Lachine (Montréal), LaSalle (Montréal), Le Sud-Ouest (Montréal), Verdun (Montréal)

Area 4 : CDN/NDG/CSL

Côte-des-Neiges/Notre-Dame-de-Grâce (Montréal), Côte-Saint-Luc

Area 5 : Centre

Hampstead, Île-des-Sœurs (Montréal), Montréal-Ouest, Mont-Royal, Outremont (Montréal), Westmount

Area 6 : Ville-Marie

Ville-Marie (Montréal)

Area 7 : Le Plateau

Le Plateau-Mont-Royal (Montréal)

Area 8 : Rosemont/Villeray

Rosemont/La Petite-Patrie (Montréal), Villeray/Saint-Michel/Parc-Extension (Montréal)

Area 9 : Mercier/Hochelaga-Maisonneuve

Mercier/Hochelaga-Maisonneuve (Montréal)

Area 10 : Anjou/Saint-Léonard

Anjou (Montréal), Saint-Léonard (Montréal)

Area 11 : Eastern Tip of the Island

Montréal-Est, Montréal-Nord (Montréal), Rivière-des-Prairies/Pointe-aux-Trembles (Montréal)

Laval

Area 12 : West of Laval

Chomedey, Fabreville, Laval-Ouest, Laval-sur-le-Lac, Sainte-Dorothée, Sainte-Rose

Area 13 : East of Laval

Auteuil, Duvernay, Laval-des-Rapides, Pont-Viau, Saint-François, Saint-Vincent-de-Paul, Vimont

North Shore

Area 14 : West of the North Shore

Deux-Montagnes, Mirabel, Oka, Pointe-Calumet, Sainte-Marthe-sur-le-Lac, Saint-Eustache, Saint-Joseph-du-Lac, Saint-Placide

Area 15 : Centre of the North Shore

Blainville, Boisbriand, Lorraine, Rosemère, Sainte-Thérèse

Area 16 : Terrebonne/Mascouche

Bois-des-Filion, Mascouche, Terrebonne, Sainte-Anne-des-Plaines

Area 17 : East of the North Shore

Charlemagne, L'Assomption, Lavaltrie, L'Épiphanie, Repentigny, Saint-Sulpice

Area 18 : Saint-Jérôme

Gore, Saint-Colomban, Saint-Jérôme

Vaudreuil-Soulanges

Area 19 : Vaudreuil-Soulanges

Côteau-du-Lac, Hudson, Les Cèdres, Les Coteaux, L'Île-Cadieux, L'Île-Perrot, Notre-Dame-de-l'Île-Perrot, Pincourt, Pointe-des-Cascades, Saint-Lazare, Saint-Zotique, Terrasse-Vaudreuil, Vaudreuil-Dorion, Vaudreuil-sur-le-Lac

South Shore

Area 20 : Châteauguay

Beauharnois, Châteauguay, Léry, Mercier, Saint-Isidore

Area 21 : South-West of the South Shore

Delson, Saint-Constant, Sainte-Catherine, Saint-Mathieu, Saint-Philippe

Area 22 : Centre of the South Shore

Brossard, Saint-Lambert, Candiac, La Prairie

Area 23 : Longueuil

Longueuil

Area 24 : Boucherville/Saint-Bruno

Boucherville, Saint-Bruno-de-Montarville

Area 25 : Sainte-Julie/Varennes

Varennes, Verchères, Saint-Amable, Sainte-Julie

Area 26 : Beloeil/Mont-Saint-Hilaire

Beloeil, McMasterville, Mont-Saint-Hilaire, Otterburn Park, Saint-Basile-le-Grand, Saint-Mathieu-de-Beloeil

Area 27 : Chambly

Carignan, Chambly, Richelieu, Saint-Mathias-sur-Richelieu


List of Areas

Click on the desired area in order to access the map and related data

4

Evolution of MLS®

Sales Montréal Metropolitan Area

Source : QFREB by Centris®




Evolution of Market Conditions - Single-Family Montréal Metropolitan Area

Evolution of the Median Price - Single-Family Montréal Metropolitan Area

Rate of Change in the Median Price - Single Family Montréal Metropolitan Area

4%

13%

17%

14%

9%

7%

10%

5%

Market Evolution

Ab

so

rptio

n r

ate

(in

mo

nth

s)

$

45,000

40,000

35,000

30,000

25,000 2000 2001 2002 2003 2004 2005 2006 2007 2008

2000 2001 2002 2003 2004 2005 2006 2007 2008

9

8

7

6

5

4

3

2

240,000

200,000

180,000

160,000

140,000

120,000

100,000 2000 2001 2002 2003 2004 2005 2006 2007 2008

220,000

18%

16%

14%

12%

10%

8%

6%

4%

0%

2%

2001 2002 2003 2004 2005 2006 2007 2008

Lower than 8: seller’s market

Between 8 - 10: balanced market

Higher than 10: buyer’s market 1

0

5

Fourth Quarter 2008


** Insufficient number of transactions to produce reliable statistics

S = Seller, BA = Balanced, B = Buyer

Definitions and Explanatory Notes

Sociodemographic Profile of the Montréal CMA

Population in 2006 3,635,571

Population change between 2001 and 2006 5.3%

Number of households in 2006 1,525,629

Population density per square kilometre 854

Proportion of owners 53%

Proportion of renters 47%

Source : Statistics Canada, 2006 Census


Sales 6,805 -25%

New Listings 15,701 3%

Active Listings 23,854 15%

Volume (in thousand $) 1,779,418 -25%

Sales 40,442 -7%




Table 1- Summary of MLS® Activity

Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 4,004 -26% 24,276 -10%

Active Listings 13,618 21% 13,093 10%

Median Price $227,000 3% $225,000 5% 52%

Average Price $264,304 1% $263,229 5% 47%

Average Days (days) 67 2 67 -3

Sales 1,839 -24% 11,547 D 0%

Active Listings 6,983 5% 7,022 1%

Median Price $186,000 -1% $185,000 3% 34%

Average Price $215,542 -3% $216,295 1% 30%

Average Days (days) 85 -2 83 -6

Sales 952 -24% 4,575 -9%


Median Price $335,000 3% $335,000 6% 57%

Average Price $339,357 D 0% $345,248 5% 54%

Average Days (days) 73 10 73 3

Table 2 - Detailed MLS® Statistics per Property Category

Last 12 Months Past 5 years

Fourth Quarter 2008 Last 12 Months Past 5 years

Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months

Evolution of Market Conditions

Less than 200 2,799 687 4.1 S

200 to 299 5,315 888 6.0 S

300 to 399 2,351 259 9.1 BA

400 to 499 964 88 10.9 B

500 and more 1,665 101 16.6 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)

Table 3 - Market Conditions by Price Range

Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

6

Fourth Quarter 2008




Click on the sector number in order to access the associated page.

List of areas


Island of Montréal

Sales 2,732 -26%

New Listings 5,999 D 0%


Volume (in thousand $) 850,977 -27%

Sales 15,585 -8%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 886 -27% 5,034 -14%


Median Price $290,000 4% $290,000 6% 41%

Average Price $363,621 -2% $373,339 5% 39%


Sales 1,146 -27% 7,178 -2%

Active Listings 4,196 D 0% 4,306 -1%

Median Price $219,000 2% $215,000 2% 33%

Average Price $243,570 -3% $245,006 2% 28%


Sales 700 -24% 3,373 -9%


Median Price $350,000 3% $350,000 6% 55%

Average Price $358,547 1% $365,797 5% 54%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 1,624 256 6.4 S

200 to 299 1,443 218 6.6 S

300 to 399 596 78 7.7 S

400 to 499 261 24 10.9 B

500 and more 383 23 16.6 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

7

Fourth Quarter 2008




List of areas


Area 1 : West Island

Sales 405 -31%

New Listings 813 -10%



Sales 2,594 -14%

New Listings 4,658 -4%

Active Listings 1,276 D 0%



Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 314 -33% 2,022 -15%

Active Listings 949 22% 957 6%

Median Price $289,000 7% $285,000 8% 38%

Average Price $328,886 1% $337,699 9% 39%


Sales 82 -28% 517 -13%

Active Listings 231 -20% 277 -16%

Median Price $174,375 D 0% $177,000 4% 39%

Average Price $194,396 D 0% $196,167 5% 44%

Average Days (days) 94 D 0 90 7

Sales 9 55 2%

Active Listings 37 42 8%

Median Price ** $325,000 7% 55%

Average Price ** $333,315 1% 47%

Average Days (days) 82 6




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 36 9 3.8 S

200 to 299 310 86 3.6 S

300 to 399 226 40 5.6 S

400 to 499 120 16 7.5 S

500 and more 264 17 15.9 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

Buyer’s market

8

Fourth Quarter 2008




List of areas


Area 2 : Saint-Laurent/Ahuntsic

Sales 286 -24%

New Listings 608 10%

Active Listings 955 4%


Sales 1,621 -8%


Active Listings 929 -1%



Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 88 -13% 486 -13%


Median Price $340,500 3% $335,250 5% 46%

Average Price $396,334 9% $369,670 5% 42%

Average Days (days) 76 D 0 58 -14

Sales 122 -34% 763 -8%


Median Price $220,000 7% $210,000 3% 30%

Average Price $230,015 2% $225,036 5% 30%


Sales 76 -16% 372 -2%


Median Price $382,950 2% $391,000 4% 42%

Average Price $393,736 D 0% $401,625 3% 43%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 187 28 6.6 S

200 to 249 128 18 7.3 S

250 to 299 77 9 8.3 BA

300 and more 70 8 8.3 BA

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

9

Fourth Quarter 2008




List of areas


Area 3 : South-West of Island

Sales 344 -30%




Sales 1,974 -9%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 63 -44% 346 -22%


Median Price $280,000 8% $275,000 8% 53%

Average Price $294,437 7% $284,191 6% 50%


Sales 146 -26% 972 D 0%


Median Price $213,500 7% $203,000 5% 40%

Average Price $226,109 8% $218,936 4% 42%


Sales 135 -27% 656 -14%


Median Price $300,000 -3% $319,900 10% 68%

Average Price $297,378 -5% $315,871 6% 60%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 228 39 5.9 S

200 to 249 138 23 6.1 S

250 to 299 72 10 6.9 S

300 and more 67 9 7.4 S

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

10

Fourth Quarter 2008




List of areas


Area 4 : CDN/NDG/CSL

Sales 187 -25%




Sales 1,111 -3%



Volume (in thousand $) 408,661 1%


Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 53 -25% 305 -13%


Median Price $360,000 -9% $415,000 5% 30%

Average Price $418,179 -9% $477,573 8% 37%


Sales 90 -18% 581 7%


Median Price $241,560 -13% $250,000 -2% 8%

Average Price $273,544 -7% $280,360 1% 10%


Sales 44 -35% 225 -10%

Active Listings 123 6% 127 -3%

Median Price $410,000 8% $418,500 11% 46%

Average Price $417,557 D 0% $448,682 10% 44%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 110 13 8.5 BA

200 to 299 129 19 6.7 S

300 to 399 65 9 7.2 S

400 and more 80 7 11.1 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

11

Fourth Quarter 2008




List of areas


Area 5 : Centre

Sales 168 -34%

New Listings 413 D 0%



Sales 1,080 -12%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 80 -31% 446 -16%


Median Price $657,500 -13% $754,500 4% 34%

Average Price $806,116 -11% $871,163 4% 36%


Sales 80 -38% 587 -11%


Median Price $335,000 6% $335,000 7% 30%

Average Price $371,733 -1% $376,092 5% 31%

Average Days (days) 79 -5 90 10

Sales 8 47 4%

Active Listings 26 30 -5%

Median Price ** $620,000 9% 32%

Average Price ** $635,048 6% 30%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 29 2 13.9 B

200 to 299 103 16 6.6 S

300 to 399 120 16 7.6 S

400 to 499 70 7 9.6 BA

500 and more 106 8 13.1 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

12

Fourth Quarter 2008




List of areas


Area 6 : Ville-Marie

Sales 196 -26%

New Listings 536 2%



Sales 1,125 -10%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 8 36 -40%


Median Price ** $484,500 -20% 36%

Average Price ** $620,208 -19% 27%


Sales 164 -28% 967 -11%


Median Price $253,500 -6% $254,500 D 0% 18%

Average Price $295,886 -19% $308,450 -3% 16%


Sales 24 122 10%


Median Price ** $284,000 -8% 58%

Average Price ** $321,834 -1% 46%

Average Days (days) 110 75 -4




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 110 21 5.2 S

200 to 299 212 30 7.1 S

300 to 399 143 16 9.2 BA

400 to 499 77 6 12.7 B

500 and more 185 8 22.5 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

13

Fourth Quarter 2008




List of areas


Area 7 : Le Plateau

Sales 179 -24%




Sales 966 -11%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 8 56 -31%


Median Price ** $474,000 10% 58%

Average Price ** $499,786 15% 60%


Sales 130 -20% 763 -10%


Median Price $245,000 -5% $255,000 6% 41%

Average Price $252,185 -2% $265,092 6% 41%


Sales 41 -16% 147 -6%


Median Price $420,000 -6% $425,000 -2% 46%

Average Price $457,866 -1% $455,939 1% 52%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 74 13 5.8 S

200 to 299 151 33 4.6 S

300 to 399 77 15 5.3 S

400 and more 51 3 14.9 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

14

Fourth Quarter 2008




List of areas


Area 8 : Rosemont/Villeray

Sales 339 -26%




Sales 1,753 -5%

New Listings 2,864 D 0%




Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 36 -32% 187 -12%


Median Price $237,750 -10% $235,000 -5% 44%

Average Price $268,250 -3% $256,345 -2% 43%


Sales 121 -25% 723 7%


Median Price $222,000 11% $205,000 4% 27%

Average Price $237,924 12% $219,328 4% 33%


Sales 182 -25% 843 -12%


Median Price $360,000 8% $347,000 5% 56%

Average Price $364,092 5% $358,622 5% 57%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 134 28 4.7 S

200 to 249 77 14 5.4 S

250 to 299 45 10 4.5 S

300 and more 38 8 5.1 S

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

15

Fourth Quarter 2008




List of areas


Area 9 : Mercier/Hochelaga-Maisonneuve

Sales 248 -15%




Sales 1,190 4%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 50 -9% 198 -4%


Median Price $228,750 6% $241,500 10% 58%

Average Price $247,255 10% $248,740 10% 57%


Sales 99 -11% 555 25%


Median Price $179,500 6% $180,000 6% 40%

Average Price $182,474 2% $182,025 5% 41%


Sales 99 -21% 437 -12%


Median Price $325,000 2% $325,000 7% 64%

Average Price $325,938 D 0% $329,634 5% 58%

Average Days (days) 69 12 69 D 0




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 150 60 9 6.3 S

150 to 199 198 23 8.5 BA

200 to 249 69 10 7.3 S

250 and more 37 4 9.6 BA

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

16

Fourth Quarter 2008




List of areas


Area 10 : Anjou/Saint-Léonard

Sales 99 -15%

New Listings 240 4%



Sales 577 -1%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 32 D 0% 157 -8%


Median Price $286,000 -5% $293,000 1% 40%

Average Price $294,547 -9% $310,416 -1% 38%


Sales 38 -16% 229 5%


Median Price $197,500 5% $195,000 8% 41%

Average Price $204,668 -2% $204,066 5% 43%


Sales 29 191 -2%


Median Price ** $436,000 6% 45%

Average Price ** $451,393 7% 44%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 66 10 6.5 S

200 to 249 49 6 8.6 BA

250 to 299 21 2 9.1 BA

300 and more 23 1 22.5 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Condominium

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

17

Fourth Quarter 2008




List of areas


Area 11 : Eastern Tip of the Island

Sales 281 -25%




Sales 1,594 -4%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 154 -13% 795 -8%


Median Price $233,000 6% $225,000 5% 51%

Average Price $243,141 6% $236,557 5% 51%


Sales 74 -37% 521 5%

Active Listings 327 -10% 355 14%

Median Price $158,000 2% $155,000 4% 48%

Average Price $159,652 -3% $158,262 2% 45%


Sales 53 -35% 278 -7%


Median Price $305,000 -1% $320,000 3% 52%

Average Price $293,175 -5% $320,249 2% 49%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 82 21 4.0 S

200 to 249 133 25 5.4 S

250 to 299 116 13 9.0 BA

300 and more 168 8 20.2 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

Buyer’s market

18

Fourth Quarter 2008




List of areas



Laval

Sales 807 -18%




Sales 4,573 -6%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 589 -18% 3,368 -8%


Median Price $229,000 2% $230,000 6% 53%

Average Price $250,290 2% $249,213 6% 54%


Sales 165 -12% 919 7%


Median Price $173,000 2% $167,000 3% 41%

Average Price $181,428 -1% $179,547 3% 40%

Average Days (days) 84 D 0 81 D 0

Sales 52 -32% 285 -14%


Median Price $333,000 6% $325,000 1% 55%

Average Price $328,519 1% $325,479 1% 51%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 258 70 3.7 S

200 to 299 879 161 5.5 S

300 to 399 372 35 10.7 B

400 to 499 114 9 12.1 B

500 and more 149 6 26.7 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

Buyer’s market

19

Fourth Quarter 2008




List of areas


Area 12 : West of Laval

Sales 482 -20%




Sales 2,700 -9%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 361 -18% 1,999 -11%


Median Price $228,500 2% $230,000 6% 53%

Average Price $250,740 D 0% $251,866 6% 56%


Sales 96 -24% 572 -2%


Median Price $182,250 9% $170,000 4% 39%

Average Price $192,247 3% $185,630 4% 40%


Sales 24 128 -7%


Median Price ** $325,000 6% 53%

Average Price ** $328,963 3% 45%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 146 42 3.4 S

200 to 299 500 92 5.5 S

300 to 399 239 23 10.3 B

400 and more 133 9 14.5 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

20

Fourth Quarter 2008




List of areas


Area 13 : East of Laval

Sales 325 -16%

New Listings 763 6%



Sales 1,873 D 0%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 228 -19% 1,369 -3%


Median Price $229,500 3% $230,000 5% 53%

Average Price $249,576 7% $245,341 6% 51%


Sales 69 11% 347 24%


Median Price $164,500 -4% $164,000 4% 47%

Average Price $166,376 -6% $169,519 2% 41%


Sales 28 157 -19%


Median Price ** $325,000 -1% 55%

Average Price ** $322,640 -1% 55%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 113 28 4.0 S

200 to 299 379 69 5.5 S

300 to 399 132 11 11.7 B

400 and more 130 6 22.2 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

Buyer’s market

21

Fourth Quarter 2008




List of areas



North Shore

Sales 1,493 -25%




Sales 8,956 -9%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 1,193 -29% 7,402 -12%


Median Price $198,000 4% $195,500 6% 52%

Average Price $218,422 3% $215,467 5% 52%


Sales 203 -2% 1,144 11%


Median Price $146,500 2% $143,000 5% 46%

Average Price $148,980 -2% $149,889 3% 42%


Sales 90 -14% 383 -7%


Median Price $260,000 -6% $269,000 1% 60%

Average Price $266,806 -1% $272,316 4% 61%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 1,466 323 4.5 S

200 to 299 1,887 228 8.3 BA

300 to 399 608 47 13.0 B

400 to 499 215 10 20.8 B

500 and more 290 9 33.7 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

22

Fourth Quarter 2008




List of areas


Area 14 : West of the North Shore

Sales 298 -28%




Sales 1,889 -6%



Volume (in thousand $) 376,452 D 0%


Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 242 -32% 1,634 -7%


Median Price $192,000 4% $190,000 4% 51%

Average Price $202,678 5% $201,758 7% 57%


Sales 38 6% 194 3%

Active Listings 88 -7% 105 9%

Median Price $157,250 10% $148,700 6% 47%

Average Price $162,716 10% $152,228 5% 36%


Sales 13 46 -16%


Median Price ** $249,950 -13% 59%

Average Price ** $253,027 -4% 50%

Average Days (days) 87 -14




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 285 78 3.7 S

200 to 249 220 36 6.1 S

250 to 299 144 14 10.5 B

300 and more 140 8 17.1 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

23

Fourth Quarter 2008




List of areas


Area 15 : Centre of the North Shore

Sales 295 -20%




Sales 1,724 -8%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 228 -27% 1,410 -13%


Median Price $242,500 4% $242,385 3% 48%

Average Price $289,923 5% $275,431 2% 44%


Sales 43 34% 216 30%


Median Price $161,500 D 0% $163,750 4% 48%

Average Price $165,556 -10% $176,833 3% 51%


Sales 24 98 18%


Median Price ** $296,000 2% 52%

Average Price ** $297,467 7% 55%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 99 31 3.2 S

200 to 299 286 53 5.4 S

300 to 399 167 20 8.2 BA

400 to 499 81 7 11.7 B

500 and more 167 6 26.8 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

Buyer’s market

24

Fourth Quarter 2008




List of areas


Area 16 : Terrebonne/Mascouche

Sales 379 -34%

New Listings 989 7%



Sales 2,459 -11%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 324 -35% 2,101 -14%


Median Price $200,000 5% $192,000 6% 54%

Average Price $212,839 5% $207,121 7% 61%


Sales 38 -19% 276 28%


Median Price $141,500 -8% $144,000 3% 45%

Average Price $144,376 -4% $148,657 4% 35%


Sales 16 75 -5%


Median Price ** $280,000 -2% 57%

Average Price ** $290,480 -1% 65%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 434 97 4.5 S

200 to 249 313 45 7.0 S

250 to 299 231 20 11.8 B

300 and more 273 14 19.2 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

Buyer’s market

25

Fourth Quarter 2008




List of areas


Area 17 : East of the North Shore

Sales 301 -27%




Sales 1,783 -15%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 247 -23% 1,430 -15%

Active Listings 1,033 27% 966 18%

Median Price $187,000 4% $189,700 6% 51%

Average Price $200,848 5% $201,351 6% 50%


Sales 49 -41% 306 -14%


Median Price $139,000 1% $135,500 4% 44%

Average Price $146,841 D 0% $141,118 2% 42%


Sales 5 44 -31%


Median Price ** $325,000 7% 93%

Average Price ** $306,879 10% 78%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 357 70 5.1 S

200 to 249 263 30 8.7 BA

250 to 299 166 12 13.7 B

300 and more 181 7 26.4 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

26

Fourth Quarter 2008




List of areas


Area 18 : Saint-Jérôme

Sales 220 -4%




Sales 1,101 -3%



Volume (in thousand $) 202,430 D 0%


Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 152 -17% 827 -7%


Median Price $169,900 -3% $175,000 5% 50%

Average Price $176,313 -8% $185,876 5% 54%


Sales 35 289% 152 48%


Median Price $121,000 3% $128,475 6% 43%

Average Price $121,696 -6% $128,860 -2% 33%


Sales 32 -6% 120 -9%

Active Listings 75 7% 74 D 0%

Median Price $227,500 -5% $234,250 9% 72%

Average Price $234,147 -4% $235,353 3% 66%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 291 48 6.0 S

200 to 249 166 14 12.3 B

250 to 299 100 4 23.4 B

300 and more 104 3 34.6 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

Buyer’s market

27

Fourth Quarter 2008




List of areas


Area 19 : Vaudreuil-Soulanges

Sales 265 -33%




Sales 1,884 -8%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 236 -31% 1,650 -8%


Median Price $211,500 -4% $215,000 3% 43%

Average Price $232,356 -7% $243,281 2% 40%


Sales 21 194 -4%


Median Price ** $148,250 7% 29%

Average Price ** $153,529 6% 17%


Sales 7 32 -26%


Median Price ** $232,000 7% 55%

Average Price ** $231,000 3% 49%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 248 55 4.5 S

200 to 299 440 58 7.5 S

300 to 399 198 15 13.1 B

400 to 499 88 5 16.8 B

500 and more 136 4 33.9 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

28

Fourth Quarter 2008




List of areas



South Shore

Sales 1,508 -25%




Sales 9,444 -5%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 1,100 -24% 6,822 -7%


Median Price $222,300 3% $220,000 5% 55%

Average Price $248,364 3% $245,533 5% 54%


Sales 304 -29% 2,112 D 0%

Active Listings 1,198 8% 1,129 -7%

Median Price $165,934 2% $165,000 5% 42%

Average Price $177,474 1% $176,511 3% 43%


Sales 103 -20% 502 -10%


Median Price $285,000 D 0% $276,000 2% 57%

Average Price $285,590 D 0% $281,343 3% 54%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 666 196 3.4 S

200 to 299 1,339 264 5.1 S

300 to 399 593 71 8.3 BA

400 to 499 244 22 10.9 B

500 and more 310 16 19.8 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

29

Fourth Quarter 2008




List of areas


Area 20 : Châteauguay

Sales 155 -9%




Sales 846 D 0%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 133 -10% 739 -2%


Median Price $186,500 4% $179,750 4% 54%

Average Price $200,035 5% $190,377 6% 58%


Sales 10 62 29%


Median Price ** $137,721 -5% 17%

Average Price ** $141,181 2% 22%


Sales 12 43 -7%


Median Price ** $190,000 13% 74%

Average Price ** $196,544 9% 76%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 198 43 4.6 S

200 to 249 107 11 9.9 BA

250 to 299 62 5 13.4 B

300 and more 73 3 23.0 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Buyer’s market

Balanced market

30

Fourth Quarter 2008




List of areas


Area 21 : South West of the South Shore

Sales 115 -42%




Sales 809 -13%

New Listings 1,290 -4%




Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 101 -36% 686 -10%


Median Price $208,000 4% $204,000 7% 55%

Average Price $206,586 -2% $208,978 6% 55%


Sales 10 102 -24%


Median Price ** $137,500 -1% 45%

Average Price ** $140,332 1% 44%


Sales 4 20

Active Listings 13 16

Median Price ** **

Average Price ** **

Average Days (days)




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 88 26 3.3 S

200 to 249 94 21 4.5 S

250 to 299 56 6 8.9 BA

300 and more 65 4 18.1 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

31

Fourth Quarter 2008




List of areas


Area 22 : Centre of the South Shore

Sales 316 -25%

New Listings 807 9%



Sales 2,108 1%


Active Listings 1,079 -7%



Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 187 -27% 1,298 -2%


Median Price $258,000 D 0% $260,000 3% 52%

Average Price $319,826 7% $301,315 5% 52%


Sales 118 -22% 761 7%


Median Price $173,250 2% $174,000 4% 36%

Average Price $183,877 -1% $187,739 2% 34%


Sales 11 49 -20%


Median Price ** $315,000 1% 43%

Average Price ** $309,421 -4% 34%





Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 47 19 2.5 S

200 to 299 193 48 4.0 S

300 to 399 156 23 6.9 S

400 to 499 90 11 7.9 S

500 and more 113 8 14.8 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

32

Fourth Quarter 2008




List of areas


Area 23 : Longueuil

Sales 424 -23%

New Listings 917 5%



Sales 2,405 -7%


Active Listings 1,074 -1%



Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 265 -19% 1,468 -8%


Median Price $213,000 5% $210,000 6% 56%

Average Price $224,982 3% $221,536 5% 55%


Sales 94 -33% 625 -6%


Median Price $158,500 -3% $160,000 5% 45%

Average Price $173,020 D 0% $169,873 3% 51%


Sales 65 -21% 312 -6%


Median Price $300,000 3% $285,000 2% 58%

Average Price $294,958 1% $288,981 4% 57%


Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium




By category

Last 12 Months


Less than 200 142 50 2.8 S

200 to 249 178 44 4.0 S

250 to 299 85 15 5.7 S

300 and more 121 13 9.1 BA

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

33

Fourth Quarter 2008




List of areas


Area 24 : Boucherville/Saint-Bruno

Sales 122 -37%

New Listings 256 4%



Sales 829 -11%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 99 -36% 636 -11%


Median Price $275,000 8% $268,000 5% 47%

Average Price $309,259 5% $304,677 4% 45%

Average Days (days) 58 D 0 55 -8

Sales 21 182 -14%


Median Price ** $210,000 7% 50%

Average Price ** $211,944 6% 50%


Sales 2 11

Active Listings 9 7

Median Price ** **

Average Price ** **

Average Days (days)




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 7 6 1.3 S

200 to 299 87 28 3.1 S

300 to 399 63 12 5.5 S

400 to 499 41 4 9.7 BA

500 and more 44 4 12.6 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

34

Fourth Quarter 2008




List of areas


Area 25 : Sainte-Julie/Varennes

Sales 141 -18%

New Listings 304 6%



Sales 903 -4%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 116 -25% 749 -6%


Median Price $221,000 4% $223,000 6% 51%

Average Price $238,020 4% $237,768 6% 49%


Sales 23 133 11%


Median Price ** $161,000 11% 41%

Average Price ** $165,963 8% 36%


Sales 2 18


Median Price ** **

Average Price ** **

Average Days (days)




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 61 19 3.2 S

200 to 249 90 23 3.9 S

250 to 299 57 11 5.1 S

300 and more 73 9 8.2 BA

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

35

Fourth Quarter 2008




List of areas


Area 26 : Beloeil/Mont-Saint-Hilaire

Sales 163 -18%




Sales 990 -4%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 139 -12% 806 -5%


Median Price $223,900 1% $224,500 3% 56%

Average Price $244,308 1% $245,117 4% 56%


Sales 18 157 3%


Median Price ** $166,750 6% 52%

Average Price ** $169,756 5% 49%


Sales 6 27


Median Price ** **

Average Price ** **

Average Days (days)




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 71 21 3.3 S

200 to 249 106 21 5.1 S

250 to 299 96 11 8.5 BA

300 and more 196 14 14.2 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

36

Fourth Quarter 2008




List of areas


Area 27 : Chambly

Sales 72 -30%




Sales 554 -9%





Total Residential

Fourth Quarter 2008

Last 12 Months

Sales 60 -31% 440 -16%


Median Price $216,515 11% $221,500 14% 64%

Average Price $232,924 2% $238,995 7% 62%


Sales 10 90 50%


Median Price ** $139,700 3% 59%

Average Price ** $148,660 4% 52%


Sales 1 22


Median Price ** **

Average Price ** **

Average Days (days)




Single Family

Fourth Quarter 2008

Plex (2 to 5 units)


Condominium

By category

Last 12 Months


Less than 200 53 12 4.5 S

200 to 249 67 12 5.4 S

250 to 299 61 7 8.9 BA

300 and more 112 6 20.0 B

Price range

($ thousand)

Inventory

(average of

the 12 months)

Absorption

(average of

the 12 months)


Last 12 Months

(I) (A)

Single Family

Absorption

rate

(in months)

Market

conditions

(I)/(A)

Seller’s market

Balanced market

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About the QFREB

The Québec Federation of Real Estate Boards (QFREB) is a non-profit organization that oversees the twelve provincial real estate boards. Its mission is to promote and protect the interests of Québec’s real estate industry so that the boards and their members can successfully meet their business objectives.

Copyright, terms and conditions

Copyright © 2009 Québec Federation of Real Estate Boards. All rights reserved.

The content of this publication is protected by copyright laws and is owned by the Québec Federation of Real Estate Boards. Any reproduction of the information contained in this publication, in whole or in part, directly or indirectly, is specifically forbidden except with the prior written permission of the owner of the copyright.


Inventory

Same as Active Listings.

Absorption

Same as Number of Sales.

Absorption Rate

The number of months needed to sell the entire inventory of properties for sale. It is obtained by dividing the inventory by the absorption. The absorption rate is calculated over a 12-month period in order to eliminate fluctuations due to the seasonal nature of listings and sales.

For example, if the absorption rate is six months, this means that it took six months to sell the entire inventory of properties for sale. We can also say that the inventory corresponded to six months of sales. This measure is different than the average selling time.

Market Conditions

Market conditions are based on the absorption rate. Due to the way the absorption rate is calculated (see above), market conditions reflect the situation over the past 12 months.

If the absorption rate is between 8 and 10 months, the market is considered balanced, meaning that it does not favour the buyer or the seller. In such a context, the growth in prices should be similar to the level of inflation.

If the absorption rate is less than 8 months, the market is considered a seller's market. In such a context, the growth in prices is normally greater than the level of inflation.

If the absorption rate is greater than 10 months, the market is considered a buyer's market. In such a context, the growth in prices is normally lower than the level of inflation, and may even be negative.

For More Information This publication is produced by the Market Analysis Department of the QFREB.

For more information about our products, please write to us at [email protected].

To obtain more specific information about the dynamics of the real estate market in a given sector, or for an assessment of a

property's market value, please contact a local real estate agent who is a member of a real estate board.

Caution

The average and median property prices indicated in this brochure are based on transactions concluded via the MLS® system during the targeted period. They do not necessarily reflect the average or median value of all properties in a sector. Similarly, the evolution of average prices or median prices between two periods does not necessarily reflect the evolution of the value of all properties in a sector. As a result, caution is required when using these statistics, particularly when the number of transactions is low.

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MLS® System

The MLS® system is the most extensive and current computerized database of real estate transactions. Only real estate agents and brokers who are members of a real estate board have access to it. The MLS® system is a collaboration system that follows very specific rules that all real estate agents and brokers adhere to.

Residential

Includes the following property categories: single-family homes, condominiums, revenue properties with 2 to 5 dwellings, and hobby farms.

New Listings

The number of new brokerage contracts with a signature date that falls within the targeted period.

Active Listings

The total number of listings that have an "active" status on the last day of the month. Quarterly and annual data correspond to the average monthly data for the targeted period.

Number of Sales

Total number of sales during the targeted period. The sale date is the date on which the promise to purchase is accepted, which takes effect once all conditions are met.

Volume of Sales

Total value of sales, in dollars ($), with a date corresponding to the targeted period.

Average Selling Time

Average number of days between the sale date and the date the brokerage contract is signed, for a given listing.

Rate of Change

Due to the seasonal nature of real estate indicators, quarterly rates of change are calculated in relation to the same quarter of the previous year.

Average Sale Price

Average value of sales, in dollars ($), for the targeted period. To obtain a more significant average sale price, some transactions may have been excluded from the calculation.

Median Sale Price

Median value of sales, in dollars ($), for the targeted period. The median price is that which divides all transactions into two equal parts: 50% of transactions were at a lower price than the median price and the other 50% were at a higher price. In order to obtain a more significant median price, some transactions may have been excluded from the calculation.

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