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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