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Real estate market news Jan 27th 2017

Daily Commercial News by ConstructConnect

The Daily Commercial News is the authoritative voice of Eastern Canada’s construction industry and the leading provider of industry news and project information since 1927.

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Increase In Sales Of High-End Homes In Montreal | HiBusiness

In the month of December, homes valued at $500,000 or more than that inclined by 32 per cent in the Montreal area, with a sharp increase the previous month before. The sales of Homes on the low-end side experienced a decline. The President of the Greater Montreal Real Estate Board, Daniel Dagenais said; “There was a 10 per cent decrease in sales in the price range of $200,000 to $300,000, which is perhaps a first sign of the effects of the most recent mortgage tightening measures.” In total, the sales for that month was increased by 3 per cent over

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Toronto Real Estate Saw Condo Inventory Decline By 56% In December - Better Dwelling

The latest report from the Toronto Real Estate Board saw lower prices in December, but more sales and less inventory.

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