Montreal-area home sales fall 8.5% in November: Real estate board
Global News
AI Article Summary
Quebec's real estate board reported that home sales in the Montreal metropolitan area fell by 8.5% in November, with 3,542 properties sold compared to 3,870 in November of the previous year. This decline reflects a slowdown in the real estate market in the region.
What This Means for Canadian Contractors
For Canadian builders, this means potential reductions in new residential construction projects or delays in existing developments if the trend continues. Builders should be vigilant regarding local permit applications and construction timelines as they may face reduced demand. Adaptations in project planning might also be necessary to address changing market conditions.
