Residential property prices in Montreal increase by 21 per cent in November
Residential property sales and new listings in the Greater Montreal area decreased last month, while prices increased by more than 20 per cent compared to last year, the Association professionnelle des courtiers immobiliers du Québec (APCIQ) reported Tuesday.
Sales for the month of November totaled 4,402, which was a 17 per cent decrease from the 5,296 transactions in November 2020, the association said.
New listings for sale totaled 5,056 in November, down 14 per cent from 5,848 in the same month last year.
The median price of a single-family home climbed 21 per cent from a year ago to $525,000, while the median price of condominiums rose by 18 per cent to $374,000. The median price for two- to five-unit buildings increased by 15 per cent to $725,000.
Median prices also increased from October 2021, with the exception of condominiums, which decreased slightly.
According to Charles Brant, director of the APCIQ's market analysis department, the low supply of properties and particularly strong demand last month put upward pressure on prices and convinced some potential sellers to enter the market.
- This report by The Canadian Press was first published in French on Dec. 7, 2021.
CTVNews.ca Top Stories
Young people 'tortured' if stolen vehicle operations fail, Montreal police tell MPs
One day after a Montreal police officer fired gunshots at a suspect in a stolen vehicle, senior officers were telling parliamentarians that organized crime groups are recruiting people as young as 15 in the city to steal cars so that they can be shipped overseas.
Man sets self on fire outside New York court where Trump trial underway
A man set himself on fire on Friday outside the New York courthouse where Donald Trump's historic hush-money trial was taking place as jury selection wrapped up, but officials said he did not appear to have been targeting Trump.
Sask. father found guilty of withholding daughter to prevent her from getting COVID-19 vaccine
Michael Gordon Jackson, a Saskatchewan man accused of abducting his daughter to prevent her from getting a COVID-19 vaccine, has been found guilty for contravention of a custody order.
Mandisa, Grammy award-winning 'American Idol' alum, dead at 47
Soulful gospel artist Mandisa, a Grammy-winning singer who got her start as a contestant on 'American Idol' in 2006, has died, according to a statement on her verified social media. She was 47.
She set out to find a husband in a year. Then she matched with a guy on a dating app on the other side of the world
Scottish comedian Samantha Hannah was working on a comedy show about finding a husband when Toby Hunter came into her life. What happened next surprised them both.
'It was joy': Trapped B.C. orca calf eats seal meat, putting rescue on hold
A rescue operation for an orca calf trapped in a remote tidal lagoon off Vancouver Island has been put on hold after it started eating seal meat thrown in the water for what is believed to be the first time.
B.C. judge orders shared dog custody for exes who both 'clearly love Stella'
In a first-of-its-kind ruling, a B.C. judge has awarded a former couple joint custody of their dog.
Shivering for health: The myths and truths of ice baths explained
In a climate of social media-endorsed wellness rituals, plunging into cold water has promised to aid muscle recovery, enhance mental health and support immune system function. But the evidence of such benefits sits on thin ice, according to researchers.
'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.