Sales are Up!

Sales are Up, Inventory is Down on Montréal’s Residential Real Estate Market

L'Île-des-Sœurs, November 5, 2015 - The Greater Montréal Real Estate Board (GMREB) has just released its most recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris® provincial database. In total, 2,665 residential sales were concluded in September 2015, a 5 per cent increase compared to September 2014. This was the seventh consecutive monthly increase in sales and the most active month of September in four years.

Sales by geographic area
  • The North Shore and South Shore both registered a significant increase in sales at 14 per cent.
  • The Island of Montréal continued to post solid results: after a 9 per cent increase in August and an 8 per cent increase in September, sales rose by 10 per cent in October.
  • Laval registered a slight drop in sales of 2 per cent, while the decrease was more pronounced in the Vaudreuil-Soulanges area (-15 per cent).

Statistics by property category
  • Condominium and single-family home sales were particularly strong in October, with respective increases of 11 and 10 per cent.
  • After two months of strong growth, plex sales fell by 3 per cent in October. Read more....

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