Strong sales increase in Montreal

Montreal home sales increased in October by 5 per cent to 2,665 according to The Greater Montréal Real Estate Board. This was the seventh consecutive monthly increase in sales and the most active month of September in four years.  Condominium and single-family home sales were particularly strong in October, with respective increases of 11 and 10 per cent. After two months of strong growth plex sales fell by 3 per cent. For the Montréal CMA as a whole, the median price of single-family homes reached $300,000 for the first time ever, rising by 5 per cent compared to October of last year; this was the largest increase in the past 22 months. The availability of homes in the Montreal area dipped by 1 per cent, the first decrease in five years.

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