Unveiling February 2025: A Vibrant Real Estate Market and Key Insights for Agents

The real estate market in February 2025 experienced significant changes compared to February 2024. Overall, sales increased, while the number of active listings declined. Discover the key trends below.

Source: APCIQ Monthly Statistics – February 2025

Total Sales on the Rise

The total number of sales increased by 11%, rising from 7,647 transactions in February 2024 to 8,490 in February 2025. This growth reflects a dynamic market with heightened buyer interest.

Slight Increase in New Listings

New listings saw a slight increase of 2%, reaching 12,843 in February 2025 compared to 12,573 in the previous year. This suggests that sellers are approaching the market with caution.

Breakdown by Property Type

Single-Family Homes

• Sales: Up 11%, with 5,488 transactions in 2025.
• Active Listings: Decreased by 5%, indicating potentially higher demand.
• Median Price: Increased by 11%, reaching $485,000 in 2025.
• Average Selling Time: Reduced by 3 days.

Condominiums

• Sales: Increased by 8%, with 2,251 transactions in 2025.
• Active Listings: Remained stable compared to February 2024.
• Median Price: Increased by 7%, reaching $389,000.
• Average Selling Time: Reduced by 3 days, reflecting strong demand.

Plexes (2-5 Units)

• Sales: Strong 21% increase, with 730 transactions in 2025.
• Active Listings: Significantly reduced by 17%, indicating intense competition for these properties.
• Median Price: Increased by 19%, reaching $625,000.
• Average Selling Time: Increased by 7 days, which remains relatively fast given the demand.

Conclusion

February 2025 reflects a thriving real estate market, with rising sales and median prices despite a decline in active listings. This trend benefits sellers but requires buyers to act quickly to seize available opportunities. Given these conditions, if you are considering purchasing a property, seeking assistance from a real estate broker is highly recommended.

For any questions regarding this article or for real estate advice in the Laval area, do not hesitate to contact your dedicated team of brokers. With their expertise and understanding of the real estate market, they are ready to assist you with all your transactions.

You can reach Martin Buisson, a certified real estate broker representing Royal LePage Partenaire, at (514) 909-2609 or by email at mbuisson@royallepage.ca. Martin is at your service to help you navigate through your real estate projects in Laval.

Additionally, Mariya Tarasova, a residential real estate broker with Royal LePage Partenaire, is also available to meet your needs. You can contact her at (514) 699-9304 or send an email to mtarasova@royallepage.ca.

For more information, visit their official website at www.buissontarasova.ca. They are ready to answer all your questions and offer personalized service for your real estate needs in Laval.

Thank you for taking the time to read our blog. We look forward to helping you achieve your real estate dreams with the help of your trusted team.