In a potential signal for the broader Canadian real estate market, the Montreal census metropolitan area has officially ended a four-month streak of declining sales. According to the Quebec Professional Association of Real Estate Brokers, March home sales rose 2.2 per cent year-over-year, with 5,045 residential properties changing hands. While this growth remains modest compared to the decade-long average for March, it marks a pivotal shift in momentum. Price appreciation was evident across all segments, with single-family homes leading the charge at a 6.9 per cent increase to a median of $652,250. Condominiums saw a more stable 1.2 per cent rise. Crucially for buyers, supply is also expanding, with new listings up 11.2 per cent and total inventory climbing 12.7 per cent. For GTA investors monitoring national trends, this uptick in activity and inventory provides a fascinating counterpoint to current local conditions. Read the full report at CTV News.
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