More than half of Montreal residents find real estate prices unreasonably high

A study by the Angus Reid Institute has examined the rising real estate prices in Canada. According to the Canadian Real Estate Association, the average home price across the country has increased by 18.2% in the past year. Real estate in Montreal has risen dramatically, with the average home price having increased 20% during the same time period.

According to the poll, 56% of Montreal residents find real estate prices to be unreasonably high. This percentage has doubled since the same question was asked in 2016 (28%). Montreal ranks third to Vancouver and Toronto, whose percentages of residents claiming unreasonably high real estate prices are 66% and 61%, respectively. 

The number of Montreal residents saying housing prices are 'unreasonably high' in their city has doubled compared to 2016:https://t.co/PSG8U8xKPT pic.twitter.com/jIo4SawOi7

— Angus Reid Institute (@angusreidorg) April 7, 2021

The residents of Calgary, Edmonton and Winnipeg were the most likely to find real estate prices to be reasonable, with Edmonton residents also being the least likely to find them unreasonably high.

Half of Canadians (and 66% of Metro Vancouver residents) now say housing prices in their city are unreasonably high: https://t.co/PSG8U8xKPT pic.twitter.com/Yh3cVSrjmp

— Angus Reid Institute (@angusreidorg) April 7, 2021

For the complete results and methodology, please visit the Angus Reid Institute website.

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