A complete of two,812 properties modified fingers, marking a major rebound from earlier months and even surpassing the same old exercise for January, in line with statistics from Quebec Skilled Affiliation of Actual Property Brokers (QPAREB).

Single-family properties noticed the largest increase, notably on the Island of Montreal, the place gross sales surged by 55%.

This uptick is essentially attributed to the latest rate of interest cuts and new homeownership measures aimed toward serving to homebuyers, which have made it simpler for a lot of to qualify for financing.

“Many households (practically 20% of the latent demand since June 2024) have since been capable of qualify,” famous Charles Brant, Director of Market Evaluation at QPAREB. “They’ve, partially, taken motion after ready for a lot of quarters and regardless of an financial outlook that quickly grew to become tinged with uncertainty in January.”

Regardless of the optimistic gross sales numbers, provide stays a problem, with the variety of lively listings down by 4%. This continues to place stress on costs, particularly for single-family properties, which noticed an 11% worth improve.

In January, the median worth for single-family properties rose to $590,700, whereas condominiums noticed median costs rise 8% year-over-year to $420,000.

Whereas confidence out there is barely down, particularly relating to big-ticket purchases like properties, a lot of the outlook nonetheless relies on how commerce tensions with the U.S. unfold, which might have an effect on rates of interest and, in flip, the market’s future course.

“In the meanwhile, this stays crucial aspect of predictability for each patrons and sellers,” Brant famous.

Visited 119 occasions, 119 go to(s) at the moment

Montreal montreal home sales montreal house prices montreal housing market QPAREB Quebec Quebec Professional Association of Real Estate Brokers Regional

Final modified: February 7, 2025