Montreal home sales up 6 per cent

Sales of homes in the Montreal CMA increased by 6 per cent year-over-year in March with 4,725 home sales completed in the month. The Greater Montreal Real Estate Board reported that it was the 13th consecutive month of increased sales.

All five areas within the CMA gained but it was Vaudreuil-Soulanges which showed the strongest growth, up 23 per cent in the year to March 2016. The Island of Montréal and the North Shore both registered a 6 per cent rise in sales, while more moderate growth was seen on the South Shore (3 per cent) and in Laval (2 per cent).

Sales of plexes jumped 23 per cent in the month, condo sales were up 10 per cent and single-family home sales were up 1 per cent.

Annual average prices for plexes were up 5 per cent to $467,500; condo prices were down 1 per cent to average $231,600; and single-family home prices averaged $297,000, up 1 per cent year-over-year.

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