Courtesy of Laurie Fearon & Shapoor Hoghooghi

Resurgence of Real Estate Market Overheating in Areas Bordering the Island of Montreal

$625,000 detached

$424,500 condo

UP 9.0% year-to-year

UP 6.0% year-to-year

$830,500 plex (2-5 units) UP 10.0% year-to-year

7,721 NEW LISTINGS 5,126 SOLD LISTINGS

MEDIAN SELLING PRICE

3.7 MONTHS OF INVENTORY

66.4% SALES TO NEW LISTING RATIO

18,731 ACTIVE LISTINGS (residential inventory)

L’Île-des-Sœurs, May 7, 2025— Residential sales in the Montreal CMA totalled 5,126 transactions in April 2025, up by 10 per cent compared to the same period last year. “The Montreal market continued to post very strong activity in April. Most geographic areas and property categories are seeing essentially double-digit increases in both cases. This rise in sales, during a month that is typically one of the most active of the year, is largely supported by newly eased mortgage insurance rules and the accelerated decline in interest rates over the past six months. This, despite the pause observed by the Bank of Canada during the first part of April,” notes Charles Brant, The Quebec Professional Association of Real Estate Brokers (QPAREB) Market Analysis Director. “It is also interesting to observe a shift in market dynamics within the peripheral areas, with the South Shore market now surpassing Laval as the most expensive suburban market bordering the Island of Montreal, with a single-family home median price of $634,000 compared to $600,000 in Laval. It should be noted that the number of sales concluded following an overbidding process has risen significantly on the South Shore, and the proportion of high-end single-family homes sold there is now higher than in Laval.” Statistics reflect market activity in April 2025 | Source: Quebec Professional Association of Real Estate Brokers | Market values stated are of the average of Montreal and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

BUYING OR SELLING? CALL US, WE CAN HELP.

LAURIE FEARON & SHAPOOR HOGHOOGHI REAL ESTATE BROKERS

Laurie: 514.575.7984 | brokers@lauriefearon.com Shapoor: 514.295.8787 | brokers@shapoorhoghooghi.com

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