The Greater Montreal Real Estate Board says that it was the most active September in 8 years with four of the five main areas of the Montreal CMA showing increased sales, led by a 17% jump for Laval.
Vaudreuil-Soulanges (10%), the South Shore (7%) and the Island of Montréal (5%) also posted sales increases in September. Only the North Shore had lower sales, down 1% year-over-year.
The median price of single-family homes gained 5% year-over-year to reach $318,000; plexes gained 5%, reaching $475,500; and condos increased by 1% to reach $253,000.
More market update:
There was a 6% annual rise in home sales in the Greater Montreal region last month with 2,893 units sold.