Montreal New Condo | first quarter of 2014

Here is asummary of the Montreal New Condo situation during the first quarter of 2014

 

  • 57 active projects totalling over 8257 condos;Montreal Real Estate
  • 65% of the new condos on the market in Dowtown Montreal are sold;
  • In 2014, nearly 1900 condos were delievred and 76% of these condos are already sold;
  • In Downtown Montreal, 83% of the recently built condos are sold;
  • On the West side of Dowtown Montreal, there is a higher rate of sales with 70% of the condos put on the market that are sold;
  • In the Griffintown area, 68% of the available condos are sold;
  • The existing projects’ condos are being sold at a reasonable pace; this trend is continuing thus allowing to find takers for the available condos.

Source: Mathieu Colette, Groupe Altus



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