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;
- 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