Newspaper article The Canadian Press

Montreal Home Sales in October Up 11 per Cent Compared with a Year Ago

Newspaper article The Canadian Press

Montreal Home Sales in October Up 11 per Cent Compared with a Year Ago

Article excerpt

Montreal home sales set record for October

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MONTREAL - Home sales across Montreal and its surrounding areas in October surged 11 per cent compared with a year ago, as the city's real estate market continued on a hot streak.

The Greater Montreal Real Estate Board says there were 3,731 sales last month, a new sales record for the month of October.

It also marked the 44th consecutive monthly sales increase, according to the board.

Condo sales were up 22 per cent year-over-year at 1,361, while single family home sales climbed six per cent to 1,971. Sales of plexes, which include two to five units, totalled 395, up five per cent from a year ago.

The median condominium price was also up four per cent from a year ago at $265,000, while the median price of a single-family home also jumped four per cent to $329,250. …

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