Local Price Survey


		Real Estate Agents for the West Island of Montreal

Local Price Survey
(Summer - 2004)

This local West Island price survey is taken from The Royal LePage Survey of Canadian House Prices. This is the largest, most comprehensive study of its kind in Canada, with information on seven types of housing in over 250 neighbourhoods from coast to coast. For simplicity, only two types of housing are included here.

If your situation requires information on other types of housing, please e-mail us accordingly and we will try to accommodate your needs. Prices are in Canadian dollars.

Detached Bungalow

West Island Municipality	Price July - Sept. 2004	Price 3 Mo. Ago	Price 1 Yr. Ago	% Change 1 Year	Estimated Taxes
Beaconsfield	215,000	210,000	195,000	+10.3	2,750
Dorval	201,000	182,000	192,500	+4.4	2,500
Hudson	-	225,000	-	-	2,400
Kirkland	225,367	220,000	203,500	+10.7	-
Lachine	182,500	190,000	178,500	+2.2	-
Pierrefonds	200,000	200,000	-	-	2,550
Pointe-Claire	215,000	210,000	180,000	+10.3	1,800

A detached 3-bedroom single story home with 1-1/2 baths and a 1-car garage. It has a full basement but no recreation room, fireplace or appliances. Using outside dimensions, the total area of the house is 110 sq. metres (1200 sq. ft.) and is on a fully serviced 511 sq. metre (5,500 sq.ft.) lot. The construction may be brick, wood, siding or stucco, depending on the custom of the area.

Executive Detached Two-Storey

West Island Municipality	Price July-Sept. 2004	Price 3 Mo. Ago	Price 1 Yr. Ago	% Change 1 Year	Estimated Taxes
Beaconsfield	340,000	336,000	310,000	+9.7	4,200
Hudson	-	-	-	-	2,850
Kirkland	360,400	368,000	350,000	+3.0	3,600
Lachine	270,000	245,000	220,000	+22.7	3,600
Pierrefonds	303,667	298,000	248,000	+22.4	3,600
Pointe-Claire	350,000	365,000	320,000	-	4,300

A detached two-storey, 4-bedroom home with 2-1/2 bathrooms, a main floor family room, a fireplace, and an attached 2-car garage. There is a full basement, but no recreation room or appliances. Using the exterior dimensions (excluding garage), the total area of the house is 186 sq. metres (2,000 sq. ft.), and is situated on a fully serviced 604 sq. metre (6,500 sq. ft.) lot. Depending on the custom of the area, the construction style may be brick, wood, aluminum siding, stucco, or a combination like brick and siding.

Other Housing Price Notes

Fair Market Value
Housing values in the Royal LePage Survey are Royal LePage opinions of fair market value in each location, based on local data and market knowledge provided by Royal LePage residential real estate experts.

Housing Types
Seven categories of housing are surveyed, including four types of detached homes, townhouses and condominium high-rise apartments.

Property Location
Location has a major influence on real estate values. These Survey properties are considered to be within average commuting distance to the city centre and are typical of other housing in the neighbourhood. While the detached bungalow, standard two-storey, standard townhouse and standard condominium apartment are assumed to be in average neighbourhoods, the executive detached two-storey, senior executive and luxury condominium apartment are considered to be in prime neighbourhoods.

Mortgage Financing
For the purposes of this Survey, mortgage financing has not been taken into account in arriving at published prices and all properties have been considered as being free and clear of debt.

Limitation
All material contained herein is for general information purposes only. We and Royal LePage cannot and do not assume any liability or responsibility for any actions or decisions undertaken by any person in reliance on information, estimates, or opinions contained or expressed herein.