Montreal real estate market stalled by PQ talk

As reported on CBC.ca, some observers of the Montreal real estate market say potential home buyers are holding off until they know who wins the Sept. 4 provincial election.

The market traditionally slows in summer and new regulations concerning mortgages have been imposed but some brokers say buyers are also taking a wait-and-see attitude to protect their investment or maybe get a better price after Sept. 4.

It's the type of news that would rankle the Parti Québécois, which has had warnings of a flight of economic capital and an exodus of anglophones used against it since the 1970s.

Monique Assouline, a real-estate broker who works in Montreal's west end, says she's had both anglophone and francophone clients tell her they're not buying anything until after the election is decided.

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