Montreal real estate market sees busiest August on record
More residential properties were sold in the Montreal region this August than in any August on record, according to the Greater Montreal Real Estate Board.
A total of 2,899 residential properties were sold during the month, an increase of 8% from the equivalent period last year, when 2,683 properties were sold.However, the number of sales was down almost six per cent from the month before, when 3,075 properties were sold.
The Island of Montreal saw the biggest increase in sales, with total sales rising 12 per cent, to 1,257 this year from 1,120 in August 2016.
Across the region, condo sales saw the biggest gain of any property type, rising 19 per cent to 1,002, from 844 in August 2016. Median prices were also up, both from the previous year and the previous month.