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The gap between listed price and defensible appraised value is the central stress point in any residential market running above replacement cost.
Montreal's housing market has made that stress concrete: average sold prices reached $1,008,234, according to CTV News.
Into that gap steps montrealhomeappraisal.com, a new platform built to challenge what it describes as speculative pricing.
The $1M threshold and the appraisal gap Lenders advance against appraised value, not contract price. A buyer whose deal closes above appraised value absorbs the difference from equity.
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