{"id":2133,"date":"2013-03-27T14:55:00","date_gmt":"2013-03-27T14:55:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2013\/03\/27\/laval-real-estate-sales-buck-plunge\/"},"modified":"2015-06-01T19:41:54","modified_gmt":"2015-06-01T19:41:54","slug":"laval-real-estate-sales-buck-plunge","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2013\/03\/27\/laval-real-estate-sales-buck-plunge\/","title":{"rendered":"Laval real estate sales buck plunge elsewhere"},"content":{"rendered":"

Home prices increasing much faster than rest of Montreal region<\/i><\/b>
\n
<\/b>
\nBy Robert Frank<\/b>
\nwww.thesuburban.com<\/a><\/p>\n

Despite the saying ‘a rising tide floats all boats’, February residential real estate sales figures for Laval and North Shore markets showed a relatively modest easing, compared to a sharp drop in sales elsewhere in the Montreal region. <\/p>\n

Greater Montreal Real Estate Board numbers, released March 11, reported that Laval and the North Shore saw residential sales decline 14 per cent and 12 per cent respectively, compared to February last year.<\/p>\n

In contrast Vaudreuil-Soulanges\u2014the worst-hit major real estate market in the Montreal metropolitan region\u2014saw residential sales plummet 42 percent during the same period. <\/p>\n

Prices nonetheless rose, with Laval home prices outperforming\u2014by far\u2014all of the other regions, posting an increase of four percent. North Shore monthly price increases trailed 2.9 percent higher than in February 2012\u2014though that figure was still ahead of the South Shore (1.9 per cent), Vaudreuil-Soulanges (2.1 per cent) and Montreal Island (2.7 per cent).<\/p>\n

The strong figures so far support Mayor Alexandre Duplessis campaign, last month, urging people to buy homes in Laval as \u201ca good investment.\u201d<\/p>\n

The overall slowdown in sales is a product of new rules the federal government implemented late last year to cool down a real estate market that had become overheated by the lowest interest rates in history.<\/p>\n

In addition, prospective homebuyers increasingly have a surfeit of choice, as more properties come on to the market.<\/p>\n

\u201cAcross the Montreal metropolitan region, active listings increased by 10 per cent as compared with February 2012,\u201d Quebec Federation of Real Estate Boards market analysis manager said in a statement. \u201cThe increase in active listings was especially strong on Montreal Island.\u201d<\/p>\n

\u201cIn total, more than 31,000 residential properties were available to buyers last February in the Montreal area.\u201d<\/p>\n

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Home prices increasing much faster than rest of Montreal region By Robert Frank www.thesuburban.com Despite the saying ‘a rising tide floats all boats’, February residential real estate sales figures for Laval and North Shore markets showed a relatively modest easing, compared to a sharp drop in sales elsewhere in the Montreal region. Greater Montreal Real<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2133","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nLaval real estate sales buck plunge elsewhere - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2013\/03\/27\/laval-real-estate-sales-buck-plunge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laval real estate sales buck plunge elsewhere - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"Home prices increasing much faster than rest of Montreal region By Robert Frank www.thesuburban.com Despite the saying ‘a rising tide floats all boats’, February residential real estate sales figures for Laval and North Shore markets showed a relatively modest easing, compared to a sharp drop in sales elsewhere in the Montreal region. 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