Montreal home sales up 25 per cent in April as expected rate cuts prompt recovery: board
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 25.5 per cent in April compared with the same month last year, with levels returning to historical averages.
The association says home sales in the region totalled 4,688 for the month, up from 3,734 in April 2023.
The median price for all housing types was up year-over-year, led by a 6.5 per cent rise for the price of a single-family home at $575,000 last month.
Meanwhile, the median price for a plex rose four per cent to $754,000 and the median price for a condominium rose 2.7 per cent to $400,598.
QPAREB market analysis director Charles Brant says there was a "very reactive recovery" in April due to the expectation of an "imminent return to a downward cycle in interest rates" and price growth in the market that could follow.
Active listings for April jumped 19 per cent compared with a year earlier to 18,932, while new listings rose 33.1 per cent to 7,099.
- This report by The Canadian Press was first published May 6, 2024.
CTVNews.ca Top Stories
House of Commons Speaker Greg Fergus survives vote calling for his ouster
Greg Fergus survived a vote to oust him as House of Commons Speaker on Tuesday, but with close to half of MPs expressing a loss of confidence in him, he faces a precarious path forward in maintaining order in Parliament.
'It was hell': Israeli mother held hostage with her children describes 51 days in captivity
Hagar Brodutch, her three children and four-year-old neighbour were kidnapped by Hamas-led militants from their home in Kfar Aza, Israel on Oct. 7 and held for 51 days. They were released in November, but Brodutch says her thoughts are never far from those still being held in Gaza.
'Unruly passenger' forces WestJet flight to make emergency landing in B.C.
A WestJet flight heading to Calgary had to make an emergency landing in northern B.C. Monday due to an incident involving an 'unruly passenger,' Mounties say.
P.E.I. kiteboarder 'lucky to be alive' after shark attack in Turks and Caicos
A professional kiteboarder from P.E.I. says he has been seriously injured in a shark attack that occurred while he was snorkelling in the Turks and Caicos Islands last week.
Teen dies after being hit by train in N.W. Calgary
A teenager has died after being hit by a train in northwest Calgary on Tuesday afternoon.
Black bear kebabs make family sick with parasitic worms
It was supposed to be a celebration, but one family’s unique meal of black bear meat sent several members to the hospital instead.
'It's his vacation too': Jimmy the baby goat joins 2-week road trip across Canada
After Jimmy the baby goat was shunned by his mother, a New Brunswick man took the kid on a two-week road trip across Canada.
The double-level airplane seat is back. This time, there’s a first-class version
It’s the airplane seat design that launched a thousand memes and kickstarted a media storm. And now the double-level seat is back – only this time, with a twist.
New COVID-19 subvariants become the dominant strains in Canada
More than four years after COVID-19 effectively shut down the world, two new variants of COVID-19 have become the dominant strains of the novel coronavirus in Canada.