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Montreal real estate sees best February residential sales since 2012

DH Montreal Staff Mar 06, 2018 1:22 pm 107

February was another solid month for Montreal as a total of 4,081 sales residential sales were completed.

According to the Greater Montreal Real Estate Board (GMREB), Montreal’s February 2018 sales saw a 5% increase over the same period last year. This was also the best performing February since 2012.

Montreal real estate

Statistiques de ventes résidentielles Centris® – février 2018 (Groupe CNW/Chambre immobilière du Grand Montréal)

According to the report five of the city’s six major sectors recorded a rise in residential sales last month. Laval was the exception, as it saw a 3% decline in sales.

The Vaudreuil-Soulanges region, in particular, saw a strong growth (21%) in sales.

Once again, condominiums had the largest increase in sales. In February, condo sales jumped by 14%.

The medium price for single-family homes for February 2018 was $310,000, up by 6% from last year. Condominiums saw a medium price rise of 5%.

According to the GMREB, the increase in prices as a direct result of increasingly tight market conditions.

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DH Montreal Staff

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