The somewhat languid pace of Montreal’s luxury market so far this year might change in the very near future, according to a report by Sotheby’s International Realty Canada released last week.
Overall high-end sales during the first half of September accelerated by 38% year-over-year, paving the way for improved long-term strength.
“The City of Montreal’s top-tier real estate market is set to maintain healthy activity into the fall,” the report explained.
“Steady absorption of resale inventory from luxury condominium developments completed in recent years sustained Montreal’s luxury condominium market over the summer months, foreshadowing solid fall performance,” Sotheby’s added. “Montreal remains well-positioned to set new records in 2019.”