Home sales were up 46 per cent in July compared to the previous year, setting a new sales record for the month.
It also set a new record for the home with the highest sales price in Quebec’s history. It’s not any old house though, it hit the market at $20 million in the heart of Montreal. The listing agent Sotheby’s International Realty Canada says it will not disclose the exact selling price.
Sotheby’s International Realty Canada says the sale shows there’s a resurging demand for luxury Canadian properties.
“The Montreal real estate market, as well as major metropolitan markets such as Toronto and Vancouver, saw significant gains in the first months of 2020 before COVID-19 disrupted their momentum,” says Don Kottick, president and CEO of Sotheby’s International Realty Canada.
“We’re now seeing pent-up consumer demand surge into new activity. In addition, global uncertainty is firing up new demand for real estate in key Canadian markets including Montreal, not only among locals, but from buyers from the U.S. and overseas who are seeking sanctuary and a secure financial investment.”
Scroll through the images for a sneak peek inside.
Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.