Winnipeg Free Press By: The Canadian Press
Last Modified: 4:00 PM CDT Wednesday, May. 5, 2021 Save to Read Later
MONTREAL - The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal area home sales, but it shouldn t be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.
A real estate sold sign is shown on the west island of Montreal, Saturday, November 4, 2017. THE CANADIAN PRESS/Graham Hughes
MONTREAL - The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal area home sales, but it shouldn t be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.
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Too much, too fast?
Residential property prices in Greater Montreal continued to soar in March as sales activity bubbled over yet again despite a dearth of available homes.
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Single-family home prices in the Montreal Census Metropolitan Area jumped 32 per cent last month, while the median price of condominiums climbed 21 per cent, the Quebec Professional Association of Real Estate Brokers said Wednesday in its latest monthly report.
Median prices for plexes properties with two to five units advanced eight per cent year-over-year.
MONTREAL Laurentian Bank Financial Group s chief executive says the company will double down on its residential mortgage business as part of a deep review of the bank s business. We are on track to deliver our new strategic plan, including Laurentian Bank value proposition and vision for the future, by the end of the year, said Rania Llewellyn, who took over as chief executive at the end of October. In the near term, one opportunity that has surfaced as a high priority for the organization is our residential mortgage business. While the industry has been experiencing growth over the past 12 months, we have not benefited from it.