Montreal Real Estate Market Leaving First-Time Buyers behind?

Montreal Gay Real EstateRising Montreal housing prices have left young families buying their first home with limited choices in the city, raising the spectre of continued urban sprawl, a report suggests.

During January and February, only 89 single-family homes on Montreal Island were listed for $250,000 or less – a price point within the means of local first-time buyers, the report by real-estate services firm RE/MAX said.

“Entry-level product in the single-family category is exceedingly scarce,” said the report, which cites Multiple Listing Service (MLS) data. “Those wanting newer single-family product – constructed in the 1980s to 1990s – will spend $300,000-plus.”

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Full Story from the Montreal Gazette

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