The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 3.6 per cent in May compared with the same month last year, with levels slightly higher than the historical average for this time of year.
The association says home sales in the region totalled 4,563 for the month, up from 4,405 in May 2023.
Get daily National news
The median price for all housing types was up year-over-year, led by a 6.8 per cent rise for the price of a plex at $780,000 last month.
The median price for a single-family home rose 4.6 per cent to $575,500 and the median price for a condominium rose 1.7 per cent to $410,000.
QPAREB market analysis director Charles Brant attributed the “particularly solid” sales figures to factors such as economic growth and anticipation of the Bank of Canada’s first cut to its key interest rate, which it announced earlier this week.
Active listings for May jumped 21.6 per cent compared with a year earlier to 18,996, while new listings rose 15.9 per cent to 7,005.
- Officials stress Calgarians must save water after Bearspaw main break sees no drop in usage
- Yukon-Alaska border rocked by 3 earthquakes in final hours of 2025
- Snowmobiler dies in avalanche in Rocky Mountains in northeastern B.C.
- Canadians ring in 2026 with ‘invigorating’ polar plunges across the country
Comments