Montreal Real Estate Market Outlook | May 2021
Monday, June 7, 2021
📈 May has been another scorcher for our local Real Estate Market 🔥 Sean is here to dive in to the Montreal Real Estate Market with you. Once again you’ll get the inside-scoop on : 🏡 Single-Family Homes 🏢 Condos 💰 and the ever-growing trend of Revenue Properties While inventory levels are starting to creep up ever so slightly, prices are still rising, buyers are fighting it out for homes and things don’t seem to showing signs of slowing down yet. June kicks off the new stress test for borrowers. This measure now requires buyers to qualify at 5.25% instead of 4.79%. It will be interesting to see if this has the desired effect of cooling things off a little. The end of Q2 stats should give us a bit more info on how things are shaping up for the 2nd half of the year. Don’t forget that we have access to the stats for your specific municipality if you’re curious! Just send us a message and we’ll get that for you.