Strong Home Sales In Montreal

In total, 4,878 residential sales transactions were concluded in the Montreal, QC, census metropolitan area (CMA) in August, says the Quebec Professional Association of Real Estate Brokers (QPAREB). This represents a 39 per cent increase compared to August of last year and the highest number of transactions ever recorded for a month of August. Geographically, all six of the Montreal CMA’s main areas registered increases in sales in August. Vaudreuil-Soulanges, the North Shore, and Laval led the way with respective increases of 62 per cent, 51 per cent, and 48 per cent, compared to August of last year. The South Shore (+39 per cent), the Island of Montreal (+29 per cent), and Saint-Jean-sur-Richelieu (+17 per cent) also performed well. Single-family home sales registered the largest increase at 47 per cent followed by condominium sales (+36 per cent), and plexes (+12 per cent).