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Montreal home sales rose in June as prices kept climbing: real estate board

Click to play video: 'Business Matters: Home sales in Canada fell in June despite rate cut'
Business Matters: Home sales in Canada fell in June despite rate cut
Despite an interest rate cut from the Bank of Canada, the Toronto and Vancouver real estate markets aren't heating up just yet. Nivrita Ganguly has the details and more in Business Matters for July 4, 2024 – Jul 4, 2024

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 6.4 per cent in June compared with the same month last year.

The association says home sales in the region totalled 3,830 for the month, up from 3,598 in June 2023.

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The median price for all housing types was up year-over-year, led by a 7.2 per cent rise for the price of a plex at $777,000 last month.

The median price for a single-family home rose 5.8 per cent to $582,500 and the median price for a condominium rose 2.8 per cent to $401,000.

Active listings for June jumped 24.4 per cent compared with a year earlier to 18,620.

New listings rose 7.6 per cent to 5,446.

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