Montreal basks in 'Goldilocks' status as Toronto housing cools

Toronto

WHILE the once-soaring housing markets in Toronto and Vancouver are showing signs of cooling, Montreal is just getting started.

Demand in Canada's second-largest city has heated up enough to put Montreal-area home prices on track to rise 6 per cent this year, the biggest jump since 2010, according to the Quebec Federation of Real Estate Boards. That's up from a January forecast of just one per cent growth. Job creation, robust consumer confidence and new immigrants are fuelling demand.