Montreal, Quebec City home prices rose in June while sales fell

The Quebec Professional Association of Real Estate Brokers says Montreal and Quebec City home prices soared and sales fell in June, as the province began to rebound from the Covid-19 pandemic.

The real estate association says the median price of single-family homes and condos in Montreal hit $508,000 and $365,000 respectively, up from $496,000 and $365,000 the month before.

Median prices for single-family homes and condos in Quebec City reached $310,000 and $207,500 respectively, up from $310,250 and $210,000 in May 2020.

Montreal sales for the month amounted to 4,619, down 7% from 4,950 in June 2020 and 14% from 5,398 in May 2021.

Quebec City sales totalled 738, down by 20% from 919 last June and almost 18% from 897 in May.

The association says residential sales in Montreal and Quebec City fell significantly in June because of a lack of single-family homes available for sale and rising prices, which kept the markets heated.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.