Montreal home sales down 17 per cent in April: Quebec brokers association
A Quebec real estate organization says last month's Montreal home sales dropped by 17 per cent since last year, making it the least active April the market has seen since 2017.
The Quebec Professional Association of Real Estate Brokers counted 5,124 homes sold in the Montreal area last month, down from 6,164 last April.
Charles Brant, the association's director of market analysis, took the figures indicating it was the most subdued April in the last five years to mean a significant slowdown has materialized after months of heated conditions.
He says the slowdown is most evident in the single-family home category, where sales rates comparable to this April haven't been since 2014, which was one of the least active periods in the last 20 years.
Despite the drop in sales, the board says median prices for single-family homes rose 16 per cent to $580,000 in April 2021, up even from March 2020, when prices hit $566,000.
The median price of a condo rose by 15 per cent year-over-year to reach $410,000.
April's new listings fell by 10 per cent to 6,300 from 7,027 during the same month last year.
- This report by The Canadian Press was first published May 4, 2022.
CTVNews.ca Top Stories
Canada will cut its permanent immigration levels by at least 20 per cent
Canada will lower the number of permanent immigrants it allows into the country by at least 20 per cent from its previous target of 500,000, CTV News confirmed Wednesday.
CEO of N.B. potato chip company taking 'extended leave of absence' after arrest
The president and CEO of New Brunswick-based Covered Bridge Potato Chips is taking an 'extended leave of absence' after being charged with domestic violence this past weekend.
Memorial growing outside Halifax Walmart where employee was found dead
A memorial is growing outside a Walmart in Halifax after a 19-year-old employee was found dead inside an oven in the store Saturday night.
Trudeau says Liberals 'strong and united' despite caucus dissent
Prime Minister Justin Trudeau says the Liberal party is 'strong and united,' despite efforts from within his caucus to oust him as leader.
'Canadians can breathe a sigh of relief': Bank of Canada governor on interest rate cut
The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.
Search efforts begin at Prairie Green Landfill: Manitoba government
A search has started at Prairie Green Landfill for the remains of two victims of a serial killer.
'Things are very hard here': Popular Toronto crossing guard asks community for help finding work
He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.
Flair Airlines ending Saskatoon routes in November
Canada's discount airline is suspending operations to and from Saskatoon.
More than 10 million Canadians living in homes with 'high radon,' report says
A new report suggests that Canadians' exposure to a radioactive gas is increasing, putting millions of people at a higher risk of developing lung cancer.