HomeMortgageBrokers see 'slight' softening in Montreal housing market as mortgage rates climb

Brokers see ‘slight’ softening in Montreal housing market as mortgage rates climb

Bill 96 was also cited by one West Island broker as a possible reason why the real estate market is slowing.

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Higher borrowing costs have started to weigh on the housing market, but a major brokerage firm still expects Montreal-area property prices to end the year above where they started.

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Royal LePage on Wednesday reaffirmed its forecast for aggregate property prices in Greater Montreal to end the year 12.5 per cent higher than in the fourth quarter of 2021.

After residential real estate prices rose 13.9 per cent year-over-year to $585,700 in the…

Read more at montrealgazette.com

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