Real Estate News

House prices ratchet higher but Montreal market staying relatively steady

House prices ratchet higher but Montreal market staying relatively steady
Peter McCabe/Canadian Press

Sergio Bonici is disappointed that his fourplex in Montreal has attracted little interest in four months on the market.

Despite only 10 people coming for a viewing, the 50-year-old has no plans to budge from his asking price of $525,000, saying the property is a revenue-generator and ideally located near a Metro station and hospital in the borough of Verdun.

As home sales in Toronto and Vancouver continue to hit record levels, the real estate sector in Canada's second-largest city remains an outlier, with prices almost $100,000 less than the national average.

"I would be more stressed out in those markets," said Bonici. "If there was a downturn, I'd much rather be in this market because the risks are lower."

Continue to read on CBC News

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