Montreal Real Estate News
Montreal
Canadian Home Sales Surge in October, Reaching a Two-Year High
Based on new data from the Canadian Real Estate Association (CREA) shows a 7.7% month-over-month increase in home sales activity through Canadian MLS Systems in October 2024, marking the highest level since April 2022.
Canada Home Sales Dip 11 Percent Annually in 2023
Based on new data from the Canadian Real Estate Association, home sales activity rose 8.7% between November and December 2023, putting it on par with some of last year's relatively stronger months recorded over the spring and summer.
Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin
According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7%.
Despite Peak Interest Rates, Global Housing Markets Improved in Q2
Global house price growth ticked up to 3% in Q2 of 2023, up from 2.9% in the previous quarter. About a third of markets saw prices decline during the most recent three months, narrowing from four in ten over the past year.
