GMREB: Price Growth Strengthened in October Despite a Slight Decrease in Residential Sales

Île-des-Sœurs, November 7, 2013– The Greater Montréal Real Estate Board (GMREB) today released its residential sales statistics for the Montréal Census Metropolitan Area (CMA). According to the real estate brokers’ Centris® provincial database, 2,684 residential sales transactions were concluded in October 2013, a 3 per cent decrease compared to October of last year. Despite this slight decrease in the number of residential transactions, price growth across the CMA has strengthened.

“Median prices increased in October 2013 as compared to October 2012, and this applies to all three property categories,” said Diane Ménard, Vice-President of the GMREB Board of Directors. “For condominiums, this was the largest increase in median price since the start of 2013,” she added.

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Marlene Ofter

Marlene Ofter

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CENTURY 21 Max-Immo
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