Royal LePage sees Montreal residential property market cooling off this fall

 

“Essentially, what we’re forecasting is that prices are going to stay where they are for the rest of the year.”

After a torrid summer that saw Montreal outperform Toronto and Vancouver on the residential real estate front, look for cooler temperatures this fall.

Aggregate home prices in Greater Montreal will probably climb 9.5 per cent in the fourth quarter from a year earlier to reach $478,000, real estate firm Royal LePage said Wednesday. That’s down from the 12.5 per cent year-over-year increase recorded in the third quarter, according to the company’s data.

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