Condos are another story
Condominiums, however, are not selling at the same rate.
Thousands of condominiums have popped up in the Montreal area in recent years, especially downtown, and many of them remain unsold or unoccupied.
“We are still in a market where the buyer has more [power] than the seller,” Cardinal said.
“The surplus narrowed significantly in 2016. We are not far from balance, but the vast majority of sectors remain to the advantage of buyers. One of the only exceptions is the southwestern part of the island of Montreal, which includes Griffintown and Saint-Henri. On the South Shore, we have Boucherville and Saint-Bruno.”