Montreal’s Sept. dwelling sales drop to cheapest place in almost 10 a long time: QPAREB

MONTREAL — The Quebec Specialist Association of Genuine Estate Brokers suggests Montreal&#8217s September home product sales dropped to their most affordable stage in virtually 10 yrs as the market continued to cool.

The region recorded 2,537 profits final thirty day period, a 30 for every cent decrease from last September and the cheapest amount of September gross sales given that 2013.

The affiliation suggests these numbers show the region did not knowledge the common again-to-school rebound that delivers enhanced profits to the industry.

Condos and plexes suffered the premier yr-about-12 months income decreases with drops of 39 per cent and 38 for every cent respectively, even though one-family houses professional a 21-per-cent drop.

Meanwhile, median rates continued to decrease thirty day period more than month, but at a considerably much more average rate.

On a calendar year-around-calendar year basis, common selling prices for single-loved ones residences rose 6 for every cent to $535,000, though condos rose 4 for every cent to $380,000 and plexes dropped a person for every cent to $685,000.

This report by The Canadian Press was initial released Oct. 5, 2022.

The Canadian Press

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