has seen positive price growth over the past six months, according to data from the Teranet-National Bank House Price Index."But price weakness does not mean collapse," National Bank economist Marc Pinsonneault wrote in a client note Wednesday.
Still, the historic weakness in Vancouver's home sales, coupled with rapidly rising sales in Montreal over the past few years, means Montreal has overtaken Vancouver as the country's second-largest housing market.The dollar value of home sales in Montreal in February was $1.606 billion, up 10 per cent in a year, according to the city's real estate board. Meanwhile, Vancouver's market has shrunk by 40 per cent over the last year, to $1.
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Except people can afford homes in Montreal.