Looking Ahead 2025: Montreal Market Update

As we welcome a fresh start in 2025, it’s the perfect time to look ahead at what the Spring real estate season might have in store! Whether you’re a buyer or a seller, staying informed on housing sales, prices, interest rates, and market trends is crucial to making the best financial decision for your mortgage.

Here’s a snapshot of what the Canadian Real Estate Association forecast reveals about Quebec’s housing market:

Housing Prices: Home prices in Quebec continue to show steady growth. Montreal, in particular, has seen an 8.9% year-over-year increase as of October 2024, with the average home price now at $630,063. While this growth is moderate compared to markets like Ontario and British Columbia, Quebec’s relative affordability remains attractive to buyers compared to pricier regions like Toronto and Vancouver.

Rising Demand: Montreal’s thriving job market—especially in technology and aerospace—draws young professionals and fuels housing demand. Add to this Quebec’s growing population, driven by immigration, and you have a market with solid demand to support its growth.

Interest Rate Impact: Interest rates are expected to ease in 2025, a positive sign for buyers and sellers alike. However, with prices having climbed significantly over the past decade, affordability challenges persist, particularly for first-time buyers. That said, these challenges are less pronounced than in high-cost markets like Toronto.

Over the coming days, I’ll be sharing insights on:
- Expectations for Buyers
- Expectations for Sellers
- Key Takeaways for 2025

If you’re planning to purchase or renew your mortgage this year, I’m here to guide you every step of the way. Let’s work together to make your real estate goals a reality! Feel free to reach out at (514) 994-1030.

Here’s to a successful year ahead!