The increase in June purchase activity may be the result of new mortgage rules that came into effect on July 1st.
All tagged Montreal House Prices
The increase in June purchase activity may be the result of new mortgage rules that came into effect on July 1st.
Buyer interest was high in the first three months of 2020, but the market has slowed down now that open houses have been suspended.
A conservative forecast by CMHC in October predicted Montreal real estate prices would continue to rise at a healthy rate of 4% annually. If Montreal homes catch the attention of speculators and foreign investors then that growth rate could quickly hit 8%.