Home prices slipped and sales plummeted across the Montreal area in December. That's according to the Quebec Professional Association of Real Estate Brokers (QPAREB), which released its first report of 2023 on January 5. The association gave a snapshot of home price trends in the five zones that comprise the metro area: Montreal Island, the North and South Shore, Vaudreuil-Soulanges and Saint-Jean-sur-Richelieu.
If you're looking to break into the promised land of Montreal homeownership, you might've already given up on that stately Victorian home on a tree-lined street anywhere near the downtown core.But looking at the newest real estate report from Royal LePage, it's clear the ridiculous prices aren't limited to the infamously unaffordable Montreal homes for sale in Outremont, Westmount, the Plateau-Mont-Royal or Notre-Dame-de-Grâce because the suburbs are witnessing a major real estate boom of their very own.
Prochaine station: a huge mortgage payment. A series of Montreal metro maps by Via Capitale real estate broker Charlyse Amoussou shows median condo prices around every station in 2021. Amoussou used Centris data from January to December 2021 to compile the figures shown in the maps, which represent the selling prices of properties within a one-kilometre radius of STM metro stops.