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November 16, 2016
Real estate corner | Condo sales rise sharply

Condominium sales in the Mont-Tremblant region were brisk over the past summer, rising by 24 per cent compared to the same third quarter period in 2015 (July, August, September), according to the Quebec Federation of Real Estate Boards.  The average price for a condo was also up, by 7 per cent, to $266,048, compared to the average price for the same period last year.

The figures are gleaned from federation's Multiple Listing Service (MLS) and may not cover all sales in the region for the period but it can be assumed they are generally a fair representation of what is happening in the condo market in Mont-Tremblant.  While Lac Tremblant-Nord and Saint-Faustin-Lac-Carré are included in the regional statistics, the overwhelming majority of condos are located in Mont-Tremblant, in particular on the Tremblant resort site.  One might well conclude that after a lengthy period of sluggishness in the segment, that market is now showing some ''exuberance''.

Construction permits                                                                                                                              Increased activity has also been notable in new residential and commercial construction in Mont-Tremblant.  The town's urban planning department issued permits for almost $34,000,000 worth of construction, renovations included, for the first nine months of this year in addition to permits for $70,600,000 worth of construction for 2015, the greatest building revival since the 2008 economic collapse.

Source: André Courey - Journaliste, Tremblant Express, December 2016

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