Montreal home sales hit new March low, dropping 28% from a year ago: Quebec board
The Quebec Professional Association of Real Estate Brokers says March home sales hit a new low for the month, but it's seeing signs that such declines are shrinking.
The association says 3,947 homes changed hands last month, a 28 per cent drop from the March before.
The association says the month marked the first time since September 2022 that sales fell by less than 30 per cent.
As sales fell so did average prices, with single-family homes dropping five per cent to $535,000 and condos declining by the same amount to $381,5000.
New listings for the month slid eight per cent to 6,487.
The board's market analysis director says the numbers indicate that Montreal is responding positively to the stabilization of interest rates after their rapid rise.
"Although the economic uncertainties are far from over, households, like investors, are increasingly confident and inclined to carry out their intention to purchase a home in a context of stabilized financing conditions." Charles Brant said in a press release.
"Even though sales are still down, the slowing of this decline is a positive sign that the market is stabilizing."
- This report by The Canadian Press was first published April 6, 2023.
CTVNews.ca Top Stories
5 things to know about the apparent assassination attempt on Trump at one of his golf courses
Former U.S. president Donald Trump is safe following what the FBI says 'appears to be an attempted assassination' while playing golf two months after another attempt on his life at a rally in Pennsylvania.
Tito Jackson's family says the Jackson 5 member has died at 70
Tito Jackson, one of the brothers who made up the beloved pop group the Jackson 5, has died at age 70.
NEW MPs return to the House of Commons for what's set to be dynamic fall sitting
The fall sitting of Parliament begins Monday, as members of Parliament resume their work in the House of Commons for the first time since June.
NEW Taylor Swift, Hulk Hogan, George Clooney: Which celebrities have endorsed Kamala Harris and Donald Trump for U.S. president
More high-profile names in Hollywood and the entertainment world are offering their support for Kamala Harris or Donald Trump. Here's a look at who has endorsed who.
'Shogun' and 'Hacks' win top series Emmy Awards and 'The Bear' and 'Baby Reindeer' take 4 apiece
'Shogun,' 'The Bear' and 'Baby Reindeer' at the topo of the queue as the 76th Primetime Emmy Awards arrive on Sunday.
Voters head to the polls for byelections in Montreal and Winnipeg
Canadians in two federal ridings are choosing their next member of Parliament, and political parties are closely watching the results.
Donald Trump was the subject of 'an assassination attempt,' FBI reports
The FBI said Donald Trump was the target of “what appears to be an attempted assassination” at his golf club in West Palm Beach, Fla., on Sunday.
B.C. to open 'highly secure' involuntary care facilities
B.C. will be opening “highly secure facilities” for people with addiction and mental health issues in the province, officials said Sunday.
Vance says he'll 'create stories' when pushed on lack of evidence over claims of Ohio migrants eating animals
Republican vice-presidential candidate JD Vance did not back away on Sunday from the false claims he and Donald Trump have been making that Haitians in an Ohio community are abducting and eating pets, even as the state's GOP governor and other officials insist there is no evidence of such behavior.