Earlier this year, many were predicting that housing prices would dip in response to the economic uncertainty created by the pandemic. However, the Montreal market has proved resilient, with housing prices on and off the island steadily increasing. Gaucher explained that since demand was so high, the limited supply of houses going on the market drove up prices in the Greater Montreal Area. The Quebec Professional Association of Real Estate Brokers reported a "record-setting sales" year for 2020, with a projected 110,000 transactions. Looking ahead, Charles Brant, director of the the association's market analysis department, is cautiously optimistic as well.

Source: CBC News December 31, 2020 11:00 UTC