“Sales rose strongly early this year while active listings continued to fall, resulting in tighter market conditions,” said Daniel Dagenais, President of the GMREB Board of Directors. He added, “In February, single-family homes saw the greatest drop in supply with 8 per cent fewer homes for sale compared to February 2015.”
Sales of plexes were up 28 per cent in February, condos increased 16 per cent and single-family detached home sales were 13 per cent higher than a year earlier.
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Sales of homes in Montreal increased 15 per cent year-over-year in February. The Greater Montreal Real Estate Board says there were 3,743 residential sales in the month driven by the South Shore of Montreal where sales were up 20 per cent over the past three months.