Montreal home sales fall 13% in August compared with the same month last year, according to the city’s real estate board. The decline indicates softer activity after a more active period earlier in the year.
The outlets describe the August shift as part of a broader “rebalancing” in the market. While sales decrease year over year, one report notes that home prices rise on a year-over-year basis across all property categories for the month. The figures point to fewer transactions alongside continued price support, which can occur when buyers and sellers recalibrate expectations.
Both sources attribute the change to an ongoing adjustment in local supply and demand conditions rather than a sudden collapse in pricing. They do not cite any single driver such as policy changes or major economic events in their brief coverage.
