Residential sales in the greater Montreal area were up in February compared to the same time last year, according to the Greater Montreal Real Estate Board.
The association says the $300,000 price point is key in those statistics.
The sale of homes that were priced above $500,000 jumped 19 per cent in the metropolitan area compared to last year, said the president of the GMREB board of directors, Daniel Dagenais.
However, for homes priced below $300,000, there was a six per cent decrease in activity.
Condo sales saw the strongest growth in February with an 11 per cent jump.
Looking at what $300,000 can buy in different Montreal neighbourhoods showed that condos are plentiful in that price range but single-family homes are harder to come by.
Plateau-Mont-Royal: $284,900
There were no single-family homes listed in the Plateau neighbourhood for less than $300,000. But there are plenty of condos, such as this one, located at the corner of Sherbrooke and Saint-Denis streets. It's a 666-square-foot corner unit with three rooms, built in 1986.
Côte-des-Neiges—Notre-Dame-de-Grâce: $295,000
The Notre-Dame-de-Grâce neighbourhood also didn't have any single-family homes on offer within that price range, but did have condos such as this one on Victoria Avenue for $295,000. It has five rooms and is a recent construction — it was built in 2013. The condo has 768 square feet of living space.
Ahuntsic-Cartierville: $257,000
This bungalow was built in 1915 and had its electrical wiring redone in 2011. The lot is 2,500 square feet. The home has five rooms and there is a driveway.
Southwest: $295,000
This 992-square-foot condo in the Saint-Paul neighbourhood has three bedrooms, as well as both front and back balconies. It doesn't have a garage but street parking is available.
Villeray: $269,000
This semi-detached was built in 1954 and has four rooms. The lot is 2,494 square feet and includes a garage.
Mercier: $289,900
Single-family homes for less than $300,000 are more readily available in Mercier than in other boroughs. This three-bedroom, two-storey home is $289,000 and was built in 1900.