It looks like the real estate buying frenzy may finally be starting to calm down a little. While homes in Montreal are still selling much more quickly than they used to in pre-COVID days — in June more than twice as fast, on average, compared to last year — real estate brokers, especially those outside of the city, say they are not seeing the same intensity of competition among buyers as they did a few months ago. The pace of growth in sales and prices also seems to be slowing down.

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