Hot Montreal Housing Market Sparks Bidding Wars

It’s about time Montreal’s real estate market saw some of the excitement that Toronto’s and Vancouver’s have garnered in recent years.
Hot Montreal Housing Market Sparks Bidding Wars
A sold sign is shown on the lawn of a residential property on the west island of Montreal in this file photo. Graham Hughes/The Canadian Press
Rahul Vaidyanath
Updated:

NEWS ANALYSIS

It’s about time Montreal’s real estate market saw some of the excitement that Toronto’s and Vancouver’s have garnered in recent years.

The fundamentals of the market are solid: Strong population and job growth—including foreign buyers—combined with dwindling supply are finally moving the needle on price increases. Housing affordability is starting to get worse and bidding wars are popping up. But it’s still a far cry from the craziness seen in Toronto and Vancouver.

Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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