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.
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.
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.
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.
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.
This semi-detached was built in 1954 and has four rooms. The lot is 2,494 square feet and includes a garage.
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.