Montreal-area home sales jump 36% in January as interest rate cuts entice buyers

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 36 per cent year-over-year in January.

The association says home sales in the region totalled 2,812 for the month, up from 2,063 in January 2024, and 10 per cent higher than the historical average for January.

The association’s market analysis director Charles Brant says buyers are continuing to return to the market in large numbers, motivated by significant interest rate cuts in recent months as well as new homeownership measures.