charliesangelsperth Montreal Property Market Blows Off Virus Concerns — Mortgage Sandbox
Montreal Property Market Blows Off Virus Concerns

Montreal Property Market Blows Off Virus Concerns

HIGHLIGHTS

  • The impact of Coronavirus on Metro Montreal will likely be very significant.
  • Buyer interest was high in the first three months of 2020, but the market will slow down now that open houses have been suspended.
  • Metro Montreal property prices were facing several risks before taking the Coronavirus into account.
  • Short-term rentals in Montreal (now vacant due to Coronavirus) may be converted to long-term apartment rentals or sold, and this could add unexpected supply to the market.
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