Montreal home sales gain for 7th straight month

Sales of homes in the Montreal area increased again in September; the 7th consecutive month of gains. The Greater Montreal Real Estate Board says that 2,665 homes were sold, up 5 per cent from September 2014. It was the most active September for four years. Laval stood out with a 10 per cent rise in sales year-over-year with the Island of Montreal at 8 per cent. Single-family homes gained 4 per cent while condos were up 1 per cent. Plexes (2-5 dwellings) jumped 23 per cent after a 20 per cent rise in August. Median sales prices were $248,000 (up 6 per cent year-over-year) for condos; $292,500 for single-family homes (up 3 per cent); and $420,000 (down 2 per cent) for plexes.

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