{"id":4705,"date":"2017-01-25T23:13:09","date_gmt":"2017-01-26T04:13:09","guid":{"rendered":"http:\/\/genestmarinacci.com\/en\/?p=4705"},"modified":"2017-01-25T23:13:09","modified_gmt":"2017-01-26T04:13:09","slug":"real-estate-turning-sellers-market-2017","status":"publish","type":"post","link":"https:\/\/genestmarinacci.com\/en\/real-estate-turning-sellers-market-2017\/","title":{"rendered":"Real estate slowly turning into a sellers&#8217; market in 2017"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>In 2016, Montreal&#8217;s real estate market has experienced <a href=\"http:\/\/genestmarinacci.com\/en\/2016-real-estate-review-genest-marinacci\/\" target=\"_blank\">a lot of changes<\/a>, especially <a href=\"http:\/\/genestmarinacci.com\/en\/four-seasons-luxury-residences-montreal\/\" target=\"_blank\">in the luxury department<\/a>. After only a few days, 2017 already shows signs of one particular change that has been a long time coming: the power is slowly shifting towards home sellers.\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\">The news has been relayed by many outlets such has Radio-Canada&#8217;s Benoit Chapdelaine in <a href=\"http:\/\/bit.ly\/2jnFB8Q\" target=\"_blank\">an article<\/a> that doesn&#8217;t leave much room to negotiations:<\/p>\n<p style=\"text-align: justify;\">&#8221;In 2016, 39\u00a0926 houses, condominiums, and other residential properties have been sold in the greater Montreal area, according to the Greater Montreal Real Estate Board&#8217;s data. It represents\u00a0a 5% growth compared to 2015. It is the second increase in a row after four decreases between 2011 and 2014.<\/p>\n<p style=\"text-align: justify;\">The average price has also increased by 4%, reaching 349\u00a0573\u00a0$, which is less than half of the 729\u00a0922\u00a0$ recorded in the Toronto area.&#8221;<\/p>\n<p style=\"text-align: justify;\">This increase in both worth and number of sold real estate properties is particularly pronounced within the single-family house market. On the contrary, the condominiums market is still mainly dominated by buyers. Nonetheless, \u00a0overall, this trend is gradually shifting.<\/p>\n<p style=\"text-align: justify;\">On the other hand, we also learn that this increase in the sellers&#8217;\u00a0dominance will probably be slowed down by the government <a href=\"http:\/\/genestmarinacci.com\/en\/canada-reduce-first-time-home-buyers-risks\/\" target=\"_blank\">recent changes in mortgage law<\/a>. Questioned by Benoit Chapdelaine, Paul Cardinal, Director of market analysis at the Quebec Federation of Real Estate Boards, couldn&#8217;t be more convincing. \u00a0&#8221;About the interest rates, we&#8217;ve been foreseeing increases that never really happened. This time, in 2017, it will. We already saw some increases last fall.&#8221;<\/p>\n<p style=\"text-align: justify;\">Whatever 2017 may have lined up for us, things are definitely changing in Montreal&#8217;s real estate market. If you are planning real estate transactions in the near future, whether you want to buy or sell, note that <a href=\"http:\/\/bit.ly\/29lufyY\" target=\"_blank\"><strong>Genest &amp; Marinacci, Real Estate Brokers<\/strong><\/a>, is entirely disposed to help you realize the full potential of your investments.<\/p>\n<p><em>Photo : <a href=\"http:\/\/bit.ly\/2k0GfdQ\" target=\"_blank\">WDnet Studio, Stocksnap.io<\/a><\/em><\/p>\n<p><em>Source : <a href=\"http:\/\/bit.ly\/2jnFB8Q\" target=\"_blank\">Benoit Chapdelaine, Ici Radio-Canada<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2016, Montreal&#8217;s real estate market has experienced a lot of changes, especially in the luxury department. After only a few days, 2017 already shows signs of one particular change that has been a long time coming: the power is slowly shifting towards home sellers.\u00a0 The news has been relayed by many outlets such has&#8230; <br \/><a href=\"https:\/\/genestmarinacci.com\/en\/real-estate-turning-sellers-market-2017\/\">Continue to read<\/a><\/p>\n","protected":false},"author":2,"featured_media":4689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[195],"tags":[286,291,454,453],"class_list":["post-4705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-montreals-luxury-real-estate","tag-genest-marinacci-real-estate-brokers","tag-montreal-real-estate","tag-real-estate-sellers","tag-sellers-market"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate slowly turning into a sellers&#039; 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