Home sales in the Montreal area decline in July while prices increase, according to Quebec’s real estate board. The board reports that sales fall about 10% compared with the same month last year, describing the market as being in an “adjustment phase.” Despite the lower number of transactions, the board says prices rise across all property types. The reports indicate that the combination of fewer sales and higher pricing reflects a shift in market conditions rather than a broad drop in value. The coverage from both outlets aligns on the direction and magnitude of the changes—sales down 10% year over year and prices increasing across property categories in July—attributing the trend to ongoing market adjustment. Neither outlet provides additional figures such as the average price level, inventory changes, or month-over-month comparisons in the provided summaries.
Montreal-area home sales drop 10% in July as prices rise, Quebec board says
Home sales in the Montreal area decline in July while prices increase, according to Quebec’s real estate board. The board reports that sales fall about 10% compared with the same month last year, desc...
- Montreal-area home sales fall about 10% in July compared with the same month last year.
- Quebec’s real estate board attributes the slowdown to an “adjustment phase.”
- Prices rise across all property types in July.
- The reports present the sales decline and price increases as simultaneous trends.
- Both outlets cite the same Quebec real estate board source.
Montreal-area home sales fell 10 per cent in July from a year earlier, while prices rose across all property types, Quebec's real estate board says.
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