Montreal is the largest city in the Canadian province of Quebec. According to a stat there is a 10% increase in real estate business in 2012 as compared to 2011. The Greater Montreal Real Estate Board is the largest board that works for the benefit of brokers of Greater Montreal area. Its a non-profit organization. According to this board there were a total of 13,350 residential house sale transaction in Metropolitan area and 5,143 in the Island of Montreal in the later half quarter of 2012. Largest increase in transaction can be seen in the sales of nuclear family home with a value of 13%. There is a increase of 17% and 16% in the areas of Laval and South Shore sales in 2nd quarter of 2012 as compared to same quarter of 2011. Real estate industry has been seeing increase in sale for the 7th consecutive quarter.
Investors are feeling confident for investing in real estate area due to low interest rates and better job market in the area. Very soon it will be the economic hub of the province. Strong economy, job market environment and growth in GDP, all these indications contribute towards attractive business environment. There are approx of one lakh companies in the Metropolitan area in the year 2010 and a high no. of MNC's have chosen this area for their headquarter base. Good connectivity to various waterways and a center of trade add values to investment. Various traditional sectors like construction and textiles are well established here and created over one lakh jobs. It is the first most city of Canadian province with the balance between its 819 sectors and with so much diversified structure of industries. Investors should check for necessary documentation before investing in any transaction.
Buyer or seller should involve a licensed broker in their sale. Confirm the clauses regarding sale and purchase of property with the Quebec notary. As real estate industry in Montreal in getting increase so is fraud cases. Check online status of any property before purchasing it or the identification of party to whom you are selling one. Its the best time to invest in luxury here. Do involve professionals in sale and transaction as their valuable advice will make your investment worth for money. Various agents are providing you online support also, you can subscribe yourself to receive updates and offers from agents in Canadian province. Don't miss the opportunity to invest in booming real estate industry of Montreal.