Montreal house prices have reached an all-time high according to recent reports.
The aggregate prices of houses and apartments have increased $384,055, according to the Royal LePage House Price Survey. This is a 6.6% increase compared to the same period last year and a 3.2% increased compared to the last quarter.
Central Montreal had the biggest price growth, according Dominic St-Pierre, Royal LePage’s senior director for the Quebec region.
The median price of a two-storey house increased by 7.2% compared to the last quarter to $740,214. This is a 19.2% increased in comparison to the same period last year.
This has ultimately made Montreal a seller’s market. If you have any questions about purchasing investing in a Montreal property for the long-run, please send us an email at email@example.com.