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canada housing market

If you live in Montreal, you know how tough it can be to even dream about buying a home. But on the other side of the country, you can get your hands on a fully serviced residential lot for just $10 — and it's not a gimmick.

Manitoba's Rural Municipality of Pipestone is a small, spread-out community of about 1,400 people, located roughly halfway between Winnipeg and Regina and just 45 minutes north of the U.S. border. It includes several villages and hamlets, with Reston being the largest. Surrounded by wide-open prairie, the area offers quiet streets, big skies, and a much slower pace than city life.

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If you're hoping to buy a home in Montreal this year, you'll want to double-check your budget — because it just got a little harder.

According to a new report from WealthNorth, the median price for a single-family home in the Montreal CMA rose to $610,000 in March 2025, up $10,000 from February. To afford that, you'd now need an annual household income of $168,507, based on the Canada Mortgage and Housing Corporation's 32% affordability rule.

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As home prices continue to skyrocket across Canada, finding an affordable place to buy is no easy feat, especially in cities like Montreal, Toronto, and Vancouver.

But if you're looking to stretch your budget without sacrificing quality of life, you're not totally out of luck — Quebec has emerged as the reigning champion when it comes to affordable homeownership.

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The Montreal housing market is poised for steady growth in 2025, with home prices expected to rise faster than the national average, a new report shows.

For anyone hoping to buy a home here, the real question is: How much income will you need to make it happen?

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Montreal's rental market continues to be one of the more affordable options among major Canadian cities, but don't be fooled — prices still vary widely depending on the neighbourhood. If you're planning a move or are just curious about how much rent is setting people back in Montreal, we've got the latest numbers for you.

While rent across Canada is actually on the decline lately for the first time in years, Montreal seems to have missed the memo. According to the November 2024 rent report from real estate platform liv.rent, the average rent for an unfurnished 3½ — or one-bedroom apartment — across Montreal is $1,729 per month. That's a $14 dip from last month, but still $142 higher than this time last year.

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Some good news for Canadian renters: nationally, rent prices are on the decline for the first time in years — but the trend seems to have skipped over Montreal.

According to Zumper's November 2024 Canadian Rent Report, the average rent for a one-bedroom apartment dropped year-over-year across Canada in October, marking the decline since Zumper first introduced its Canadian National Rent Index in July 2022. However, cities in Quebec bucked the trend, with Montreal rent climbing by 10.1% for a one-bedroom and 8.1% for a two-bedroom compared to last year.

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It appears that American interest in Canadian real estate is on the rise as our southern neighbours gear up for today's 2024 U.S. presidential election, and so many of them are considering moving to Quebec.

A new report from Royal LePage reveals that U.S. residents have shown a marked surge in curiosity about moving to Canada. Visits to the company's website from Americans spiked by more than double back in June, right when the election season kicked off. That surge hasn't let up and is seeing renewed attention as election day arrives.

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A new report reveals just how much you need to earn to afford rent in some of Canada's biggest cities, and spoiler alert: It's a lot.

If you're thinking about moving to Canada or wondering where the most affordable cities in Canada are, this breakdown from real estate platform Zoocasa might make you think twice about your next move. Whether you're in Vancouver, Montreal or Saskatoon, rent is taking up a huge chunk of people's income — especially those earning minimum wage — and it's costing more and more to live comfortably in 2024.

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Canada's housing market could soon see some major changes to mortgage rules that might make owning a home more realistic for Canadians, especially first-time buyers.

Announced by the Department of Finance on Monday and touted as the "boldest mortgage reforms in decades," these updates are slated to kick in in December and aim to make mortgages in Canada more affordable, especially for millennials and Gen Z.

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As we've all heard by now, the Bank of Canada increased interest rates by 50 basis points in April, following a 25-point increase earlier in the year. This is sort of a big deal, prompted by the mess that has been the early 2020s. Rising prices spurred by the war in Ukraine — on top of already-high inflation — affected the Bank of Canada's recent decision.

But what does that actually mean for young Canadians? Let's focus on two financial areas that are being directly impacted by increased interest rates: bank loans and investments.

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With record inflation in Canada pushing up the cost of pretty much everything, it’s no surprise the Canadian housing market is also absolutely bonkers.

In the most recent edition of the Demographia International Housing Affordability (DIHA) report, the cost of buying a home in many Canadian cities has become "severely unaffordable," Montreal included!

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