Montreal market powers ahead as home sales surge

Recent real estate data has put Montreal in the pole position for most impressive spring market in the country, and underlying data suggests the seller’s market could persist for some time.

“In Montreal 2023 was awfully bad,” said Marc Lefrançois, broker with Royal LePage Tendance in Montreal. “The upgrade market was dead; people who wanted to sell a smaller home and buy a larger home, they pulled back. Now they are coming back.”

According to the Canadian Real Estate Association’s March data there were only six regions in the country that transacted more than a billion dollars in residential real estate in March: Toronto, Vancouver and the Fraser Valley saw year over year drops in dollar volume and sales; on the other hand Calgary, Edmonton and Montreal leapt upward in those categories.