US EditionMontreal home sales, prices rise in May despite steady rates and economic uncertainty
- The Montreal residential real estate market saw a 10.2% increase in home sales last month, with 4,992 homes sold across the region.
- This rise in sales followed steady mortgage rates and ongoing economic uncertainty that did not subdue buyer activity according to market analysts.
- Sales gains appeared broadly in the Montreal CMA, with Saint-Jean-sur-Richelieu showing a 26% increase and Vaudreuil-Soulanges experiencing a 6% decline.
- Charles Brant noted the single-family home median price rose 8.7% to $625,000, with about one in seven homes selling above asking price despite no mortgage rate reductions.
- These trends suggest sustained seller-favouring market conditions and continued price growth across all housing types, signaling no immediate easing in Montreal's housing market.
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16 Articles
16 Articles
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Some 7596 new entries were registered in the Montreal area last month.
·Montreal, Canada
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castanet.net+6 Reposted by 6 other sources
Montreal home sales, prices rise in May despite steady rates and economic uncertainty
Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city's real estate board says both activity and price growth show no signs of tapering off.
·Kelowna, Canada
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Residential sales in the Montreal metropolitan area increased again in May compared to the same month last year, with the Real Estate Board saying on Monday that neither activity nor price growth is showing signs of a slowdown.
·Montreal, Canada
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
13%
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