GMREB: October: Best Month Since the Start of the Year for Existing-Home Sales

Île-des-Sœurs, November 8, 2011  – MLS® sales in the Montréal Metropolitan Area increased by 7 per cent in October 2011 compared to October 2010, according to the Greater Montréal Real Estate Board (GMREB). This was the largest increase in existing-home sales since the start of the year.

“It’s a good time to buy a property,” said Diane Ménard, Vice-President of the GMREB Board of Directors. “Mortgage rates are still low and the inventory of properties available on the market is increasing, which gives buyers more choice. Consumers are also taking a bit more time to buy, as shown by market conditions which are now balanced in many areas,” she added.

For a sixth consecutive month, there was a marked increase in sales in october 2011 compared to october 2010:
Condominium           13%
Single-family homes 5%
Plex                               6%

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Marlene Ofter

Marlene Ofter

Certified Real Estate Broker
CENTURY 21 Max-Immo
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