Montreal Basks in ‘Goldilocks’ Status as Toronto Housing Cools
- Home prices in Quebec’s biggest city to jump 6 percent
- Foreign buyers setting sights on Montreal real estate
How Much Gold Would Buy You a Home in Toronto?
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While the once-soaring housing markets in Toronto and Vancouver are showing signs of cooling, Montreal is just getting started.
Demand in Canada’s second-largest city has heated up enough to put Montreal-area home prices on track to rise 6 percent this year, the biggest jump since 2010, according to the Quebec Federation of Real Estate Boards. That’s up from a January forecast of just 1 percent growth. Job creation, robust consumer confidence and new immigrants are fueling demand.