Montreal-area home sales rise in April, despite soft activity in other major cities

The number of homes that changed hands in the Montreal-area rose in April compared with the same month a year ago, despite other major Canadian cities seeing home sales decrease amid uncertainty over the economy.

The Quebec Professional Association of Real Estate Brokers says 5,126 homes in the region were sold last month, up 10.4 per cent from 4,645 sales in April 2024.

The board’s market analysis director Charles Brant says the rise in sales can be attributed to newly eased mortgage insurance rules and an accelerated decline in interest rates over the past six months, despite the Bank of Canada’s rate hold last month.