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"Overall, the City of Montreal saw 990 $1 million–plus residential real estate transactions," including condos, attached and single-family homes, "in the first half of 2021, an increase of 112% from the same period in 2020," the report states.
Though sales in $2 to $4 million homes in Montreal rose by 138%, sales in $1 to $2 million homes made up the largest share of sales overall, with 807 Montreal properties sold in the first half of 2021, Sotheby's says.
Sales in properties over $4 million more than doubled between 2020 and 2021 — just six were sold in the first half of 2020, compared to the 14 properties sold in the same period in 2021.
The report said that according to the Quebec Professional Association of Real Estate Brokers, on average, selling a residential property in Montreal during the first quarter of 2021 took approximately 44 days, compared to the 68 it took to sell a home less than a year prior.
According to new data published by the Institut de la statistique du Québec, Quebec recorded a huge decline in marriages in 2020. It was in fact the lowest recorded number of marriages in over 100 years.
Quebecers celebrated around 11,300 marriages in 2020, a number that's "down by half (-49%) compared to 2019, an unprecedented drop in Quebec," the Institut wrote in a press release.
This is the fewest marriages in the province since 1903, according to the data.
The decline is attributed to the COVID-19 pandemic and government restrictions.
The decline was "particularly significant" in summer 2020, with a drop of "around 70% compared to the average for 2015 to 2019."
According to the figures, "the decrease was greater among couples made up of two spouses born in Canada (-60%), while it appears less marked among couples in which both spouses were born abroad (-25%) or those in which one of the spouses was born abroad (-32%)."
During the first months of 2021, the Institute reports that the number of marriages in Quebec remains "below average."