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single-family

The median price for a single-family home on the Island of Montreal reached $690,000 in the first few months of 2021, a new report by the Quebec Professional Association of Real Estate Brokers (QPAREB) shows.

At the same time last year, the median price for a single-family home on the Island was $542,000 — an increase of 27%.

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Bad news for first-time buyers: Montreal-area home prices are through the roof.

The median price for single-family homes in Montreal soared 28% from February last year to $460,000, "$100,000 more than just 12 months ago," according to a report from the Quebec Professional Association of Real Estate Brokers.

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A new report shows that December was another record month for the Montreal real estate market, despite a holiday season marked by stricter COVID-19 protocols. 

According to the Quebec Professional Association of Real Estate Brokers (QPAREB)'s real estate market statistics for the Montreal Census Metropolitan Area, sales were up 32% overall last month compared to December 2019. 

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Montreal’s surging real estate market appears pandemic-proof, according to the Quebec Professional Association of Real Estate Brokers (QPAREB). The QPAREB released a report on Montreal’s real estate market on Tuesday, and both prices and the number of sales rose dramatically in October compared to the same month last year.

"With a historic 37% jump in sales in October, the Montreal CMA maintained a strong increase in sales and a substantial decrease in active listings in the outlying areas of the Island of Montreal," said Charles Brant, director of market analysis at the QPAREB, in a statement.

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