Montreal housing becoming increasingly unaffordable, despite lull

Montreal's housing market remains increasingly unaffordable despite a recent slowdown in activity. This is due to a rate of inflation and high demand matching limited supply, driving up costs. The situation is exacerbated by stagnant income levels and increasing borrowing costs due to interest rates. As available housing options shrink and prices continue to rise, potential homebuyers are finding it difficult to enter the market. Local experts call for policy interventions, including measures to increase housing supply and improve affordability.