The Bank of Canada policy rate remains unchanged at 2.25%.

Since the beginning of the year, several economic indicators have been pointing in the same direction: a moderate slowdown in the economy, combined with persistent inflationary pressures, notably due to the geopolitical context and rising oil prices. In this environment, maintaining the policy rate reflects a cautious approach aligned with market expectations.

A real estate market gradually adjusting

On the Island of Montreal, recent data highlights a market in transition, yet still active.

Since the beginning of the year:

• Total sales have decreased by 6%

• Single-family homes are down slightly by 2%

• Condominiums have seen a more significant decline of 10%

• Plexes (2 to 5 units) are up by 3%

On the supply side:

• Active listings have increased by 10%, offering buyers more options

• Sales volume remains relatively stable, with a 1% variation

Finally, selling times currently range between 60 and 70 days on the Island of Montreal.

Favourable conditions for sustained real estate activity in Montreal

Despite recent adjustments, the Montreal real estate market continues to show strong momentum. Price stability, combined with increased inventory, is creating attractive conditions, particularly for sellers looking to position their property strategically in a more balanced market.

Spring remains a key time to move forward with your real estate goals. Whether you’re buying a single-family home, selling a condominium, or investing in a 2-to-5-unit plex, current conditions present real opportunities.
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