March 2020

Montreal’s multifamily housing to reel from coronavirus impact

Despite the Canadian multifamily housing market seeing a measure of success in the past few months, it is a different story in Montreal, with condo sales weakness starting in 2019 to endure for at least two years. In its recent analysis, Altus Group noted that the current market context amid the COVID-19 outbreak will have very real effects upon Montreal’s multi-family segment. For Quebec, “expect...

Statistics Canada’s New House Price Index Suggests The Housing Boom Never Happened

Canada might be underestimating how much consumer prices are rising because of how it measures housing costs. MONTREAL ― Remember when house prices soared in Toronto, Vancouver and other places a few years back, causing homeowners to celebrate and prospective buyers to despair? Seems like a hard thing to miss if you’ve been in Canada in recent years, but somehow, the great housing boom that...

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