Single-family home prices in Montreal down nine per cent since April

The median price of a single-family home in the city in August was $525,000, down from $550,000 in July but up five per cent over August 2021, the QPAREB data showed. Prices peaked in April at $580,000 and have tumbled a cumulative nine per cent since then.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“The magnitude of the increase in mortgage interest rates is beginning to be reflected in a more incisive way,” said Charles Brant, director of the QPAREB’s market analysis department.Article content

Enough to offset inflation, but not enough to offset corporate gouging or interest hikes!

I went to Montreal about 10 years ago and found it to be a nice city, just got back from Montreal where we went to a wedding and found it’s no longer the clean and vibrant city it once was. Very dirty and run down, no wonder housing prices are dropping.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fall Arts Preview 2022: 31 things to do, read and watch in Metro VancouverThe must\u002Dsee theatre, concert, book, visual arts, dance and classical events happening this season around Metro Vancouver this fall.
Source: VancouverSun - 🏆 49. / 61 Read more »

Investors should read this before selling ETC ahead of MergeThe entire crypto-community’s excitement is increasing as we enter the final stage of the Ethereum Merge, which is scheduled to happen in mid-September. Miners are actively looking for other alternatives to keep their mining operations running as ETH prepares to adopt a more energy-efficient PoS consensus mechanism with the Merge. Interestingly, given the situation at […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Fog advisory in effect for Thunder BayRead the full story and comment on Tbnewswatch.com
Source: tbnewswatch - 🏆 75. / 51 Read more »

Highway 11 closed north of NipigonRead the full story and comment on Tbnewswatch.com
Source: tbnewswatch - 🏆 75. / 51 Read more »

School year starts with several bus cancellationsRead the full story and comment on Tbnewswatch.com
Source: tbnewswatch - 🏆 75. / 51 Read more »

Photo booth: Colourful skies (43)Read the full story and comment on Tbnewswatch.com The red fox is the largest of the true foxes and one of the most widely distributed members of the order Carnivora, being present across the entire Northern Hemisphere including most of North America,
Source: tbnewswatch - 🏆 75. / 51 Read more »