Economics
Montreal Is Canada’s Next Hot Housing Market
- Jobs growth, falling inventory put pressure on prices
- Chinese emerging as new buyers in still-affordable city
Photographer: Christinne Muschi/Bloomberg
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Montreal’s housing market is finally getting on the map.
An economic revival in Canada’s second-biggest city is fueling a real-estate renaissance, speeding up sales, shrinking inventories, and luring foreign buyers. More stringent lending rules have curbed transactions and slowed price growth in Toronto but have had little effect on Montreal, where buyers are flocking to new condos and sellers are gaining the upper hand.