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Quebec, Montreal saw real estate sales, prices drop

The Quebec Professional Association of Real Estate Brokers released its latest statistics Oct. 13 saying that "sharply rising interest rates are pushing toward a rapid cooling of the real estate ....

Charles Brant , Quebec Professional Association Of Real Estate Brokers , Market Analysis Department , Quebec Professional Association , Real Estate Brokers , Montreal Metropolitan Area , Interest Rate , Stock Exchange , Real Estate Broker ,

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Greater Montreal real estate market remains a hot sellers' market with demand high and supply low


 
MONTREAL
Soaring prices and shortage of single-family units have caused Montreal-area real estate sales to drop in the month of June.
The Quebec Professional Association of Real Estate Brokers (QPAREB) released its June sales statistics for the Montreal Metropolitan Area, and they show a seven per cent decrease in sales from June 2020 (4,619 units).
“Residential sales in the Montreal area fell significantly in June, mainly due to a historic shortage of single-family homes available for sale and a sharp increase in prices that also extended to the condominium segment, said QPAREB market analysis department director Charles Brant.
Brant added that single-family homes in Montreal suburbs were central to the strong numbers in June 2020 after the first COVID-19 wave. This year, those sales have dropped as the supply dipped and prices soared. ....

Charles Brant , Quebec Professional Association Of Real Estate Brokers , Quebec Professional Association , Real Estate Brokers , Montreal Metropolitan Area , Greater Montreal Area , சார்லஸ் பிராண்ட் , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் ஆஃப் ரியல் எஸ்டேட் தரகர்கள் , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் , ரியல் எஸ்டேட் தரகர்கள் , மான்ட்ரியல் பெருநகர பரப்பளவு , அதிகமானது மான்ட்ரியல் பரப்பளவு ,