Mortgage

Montreal home sales, despite steady rates and economic uncertainty, prices rose in May

Quebec Association of Professional Realtors said 4,992 homes in the region changed hands last month, up 10.2% from 4,532 sales in May 2024.

Charles Brant, director of marketing analysis at the board, said that while mortgage rates remain in a state of holding style and “continuous economic uncertainty,” it saw sales increase for the third month in a row.

Brandt said there was “no sign of price growth” because the asking price was higher than the asking price last month, with about seven homes.

The median number of housing types in Montreal has risen year-on-year, with single-family housing prices rising 8.7% to $625,000.

The median of PLEX rose 5.1% to $825,000, while the median of apartments rose 4.3% to $427,500.

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Last modified: June 9, 2025

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