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Report- Montreal home sales have hit a new low last month

Report- Montreal home sales have hit a new low last month
Montreal houses / Karl Hendon / Moment / Getty Images

Montreal home sales experienced a real low last year. With COVID-19 remains and inflation in the way, home seekers are having a hard time finding houses that meet their budget.

The Quebec Professional Association of Real Estate Brokers have even said Montreal's home sales have seen a significant drop last month compared to 2022.

From February 2022 to February 2023, home sales in Montreal have experienced a 32 percent drop, with a difference of 1,379 homes sold. It's important to note that most Montreal homes are being sold for their listed price of above. 

The median price for a single-family home in February was $515,000, where condos revealed a median price of $380,000.

Let us know Montreal, have you been finding it hard to find a home that meets your budget? 

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