While GTA buyers and sellers keep a close watch on local trends, the Montreal real estate market is signaling a notable shift that may offer a preview of broader national dynamics. According to the Quebec Professional Association of Real Estate Brokers, Montreal-area home sales dipped 8.2 per cent year-over-year in June, with 4,012 residential transactions recorded. Interestingly, this cooling in activity coincides with a significant rise in supply, as total inventory climbed 17.4 per cent to 20,894 units—marking 11 consecutive months of supply growth. Despite the slower sales volume, prices remain resilient, with median prices for single-family homes rising 3.5 per cent to $649,000 and condos edging up 2 per cent to $435,000. As inventory continues to accumulate, it raises the question: could a similar supply-led shift be on the horizon for the GTA? For the full breakdown of these regional trends, read the original report at The Star.
Source: Read the original article
