Latest data from the Greater Montreal Real Estate Board (GMREB) showed that the city’s residential real estate market has achieved its highest April monthly activity level in several years.
Culling data from real estate brokers’ Centris® provincial database, a total of 4,798 residential property deals transpired in April 2017, representing a 1 per cent year-over-year increase. Amid a 14 per cent annual decline in listings, last month’s figures represented the most number of sales for April since 2012, the Board stated.
A major contributing factor is sales volume growth in two of the five main areas of the Montreal Census Metropolitan Area—namely, Vaudreuil-Soulanges (29 per cent increase) and the South Shore (3 per cent growth).
“Sales were unchanged on the Island of Montreal, and decreased slightly in Laval (-3 per cent) and on the North Shore (-2 per cent),” the GMREB said.
“Condominiums were the only property category to register an increase in sales in April, as the number of condo transactions rose by 9 per cent,” the Board added. “Sales of single-family homes (-3 per cent) and plexes (-1 per cent) posted slight decreases.”
The GMREB’s full statistics chart can be viewed here
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