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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 ,

Montreal, Quebec City home prices rose in June while sales fell: QPAREB


Median prices for single-family homes and condos in Quebec City reached $310,000 and $207,500 respectively, up from $310,250 and $210,000 in May 2020.
Montreal sales for the month amounted to 4,619, down seven per cent from 4,950 in June 2020 and 14 per cent from 5,398 in May 2021.
Quebec City sales totalled 738, down by 20 per cent from 919 last June and almost 18 per cent from 897 in May.
The association says residential sales in Montreal and Quebec City fell significantly in June because of a lack of single-family homes available for sale and rising prices, which kept the markets heated.
This report by The Canadian Press was first published July 6, 2021.
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Quebec Professional Association Of Real Estate Brokers , Quebec Professional Association , Real Estate Brokers , Quebec City , Canadian Press , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் ஆஃப் ரியல் எஸ்டேட் தரகர்கள் , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் , ரியல் எஸ்டேட் தரகர்கள் , க்வீபெக் நகரம் , கனடியன் ப்ரெஸ் ,