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Abstract
In the Montreal CMA, Centris(R) sales will rise by 3.5 per cent in 2016 to 38,800 units and by 1.8 per cent in 2017 to 39,500 units. This increase in demand will essentially result from the growth of Montreal's job market. "With rising demand and a relatively stable supply, market conditions will tighten very slightly in 2016 and 2017, but will remain favourable to buyers. In this context, just as in 2015, the overall average Centris(R) price will continue to post modest annual gains (+2 per cent) during the forecast horizon," he added.