In central Montreal, the median worth of a single-family indifferent house rose 14.3 per cent year-over-year to almost $1.063 million.
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TORONTO — Regardless of rising real estate costs, anticipated additional will increase in rates of interest and basic financial uncertainty, situations stay beneficial for house sellers, brokerage agency Royal LePage says.
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Residential actual property costs throughout Canada jumped 25.1 per cent within the first quarter over the identical interval final yr, Royal LePage mentioned Tuesday in its House Price Survey. The mixture worth of a Canadian house was $856,900, Royal LePage mentioned.
Within the Higher Montreal space, mixture property costs jumped 18.5 per cent year-over-year to achieve $571,400 within the first quarter, in contrast with $327,200 in Quebec Metropolis. The median worth of a single-family indifferent house in Higher Montreal superior 19.8 per cent to $636,200, whereas that of a condominium rose 17.7 per cent to $446,700.
In central Montreal, the median worth of a single-family indifferent house rose 14.3 per cent year-over-year to almost $1.063 million.
The primary-quarter will increase led Royal LePage to boost its 2022 forecast. The brokerage agency now expects Montreal-area property costs to hit $599,200 within the fourth quarter of 2022, 12.5 per cent greater than on the finish of 2021.
