Home sales, prices rise in Montreal amid optimism around interest rates: board

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales jumped 18 per cent in January compared with the same month a year earlier.

The association says home sales in the region totalled 2,077 for the month, up from 1,766 in January 2023.

The median price of a single-family home in January was $535,000, up seven per cent from $500,000 a year earlier, while the median price for a condominium was $390,000, up five per cent. The median price for a plex was $722,500, up seven per cent.

Active listings for January jumped 16 per cent compared with a year earlier to 16,838, while new listings rose 22 per cent to 5,410.