Posted April 6, 2022 at 9:16 am
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-ONE Larger font Increase the font size of the article A + The Professional Association of Real Estate Brokers in Quebec says house prices in Montreal rose by an average of 17 percent last month as sales fell nearly 10 percent. The board says the average price of a single-family home was $ 565,550 in March, up 18 percent from last year. Condominiums rose 16 percent to an average of $ 402,600 last month. Sales for the month amounted to 5,493, down 13% from 6,281 last March.
Read more: Montreal home sales down 12% in February from a year ago: Quebec real estate group
Last month’s new entries stood at 7,217, down nine percent from 7,295 last March. Trending Stories
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The story goes on under the ad Charles Bradt, the union’s director of market analysis, says the month was marked by a renewed rise in prices, with sales falling to a lower level than seen before the pandemic. “This new feverish outburst, in a context of oversupply, may be one of the last. “Indeed, the number of active registrations tends to stabilize, or even increase in certain sectors and categories, after the steady decline recorded since the beginning of the pandemic,” he said in a press release. 5:02 Overturning housing for big profits invites some buyers out of the market Overturning homes for big profits pricing some buyers out of the market © 2022 The Canadian Press
