Montreal had weakest January home sales in four years
BNN Bloomberg
Home sales in Greater Montreal sank in January to a level the market hasn't seen since 2018 as listings dropped and prices soared.
MONTREAL -- Home sales in Greater Montreal sank in January to a level the market hasn't seen since 2018 as listings dropped and prices soared.
The Quebec Professional Association of Real Estate Brokers says sales last month totalled 2,836, down 27 per cent from 3,905 last January.
New listings fell by a mere one per cent to 4,899 last month from 4,928 in the prior January.
Active listings saw an even larger decrease, dropping 15 per cent to 9,242 last month from 10,872 during the same time last year.
However, prices were up with single-family homes rising 25 per cent to $541,000 and condominiums hitting $381,000, a 19 per cent increase from last year.
Prices for plexes reached a new price record for January as they climbed nine per cent to $712,500.
