Montreal home sales up 25% in April with rate cut expected
Home sales in the region totalled 4,688 for the month, up from 3,734 in April 2023.
Source: montrealgazette.com
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Home sales in the region totalled 4,688 for the month, up from 3,734 in April 2023.
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The dramatic rise is in sharp contrast to the first quarter of 2023, when Montreal saw a 14 per cent drop in sales of $1-million-plus homes.
More growth is expected in 2024 for the luxury home market.
With interest rates expected to fall later this year, more homes priced over $1 million are expected to sell.