Living in Laval - La vie à Laval

Aren’t we all feeling like we belong in those down-with-winter Expedia.ca ads? Here’s some news to cheer us up a little.

Newly reported figures for 2009 sales from the Greater Montreal Real Estate Board:

Average prices of single family homes in Laval went up by 2% over last year for single family homes, and by a whopping 6% for Montreal-area condos. Laval condos, however, saw their values drop by an unnoticeable 1%. Yes, sales are slower, a good 20% since last year, but still…transactions are occuring regularly, and that is what is what anyone active in the real estate market pays attention to most. As Michel Beauséjour puts it:

“For the second consecutive month, there has been a decrease in the number of new listings,” added Beauséjour. “This is an interesting situation because it shows that, despite the economic situation and the lack of consumer confidence in the economy, there is no increase in the number of property owners wanting to sell. Montréal is actually in a decent position when compared with other major Canadian cities such as Toronto, Vancouver and Calgary, which are not only seeing a large drop in sales, but are also seeing a drop in prices.”

We couldn’t have said it better ourselves.

Also reported:
The Gazette and Les Affaires reports that despite the economic downturn, people are still shopping for property.  RBC Royal Bank conducted a survey asking all kinds of pointed questions about consumers’ intentions to purchase property (no doubt to figure out where their business is heading!) In Quebec, 22 per cent of respondents said they are likely to purchase a home within the next two years, up from 21 per cent in 2008 and 19 per cent in 2007.

Vous pouvez lire cet article en français sur le site Les Affaires.