MONTREAL - The Greater Montreal Real Estate Board says 5,057 properties were sold in May, a record for that month and up 15 per cent from a year ago, driven by a hot condo market.
Paul Cardinal of the Quebec Federation of Real Estate Boards attributes increased sales to high employment growth, more non-permanent residents and improving consumer confidence.
The median price of a single-family home rose six per cent to $319,000, while condo prices were up one per cent to $243,000.
That makes the city, Canada's second-largest, a relative bargain when compared to its sizzling peers Toronto and Vancouver.
Prices for properties in those two cities can easily be three times as costly as those in Montreal.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Dismantling Canadian dairy protections won’t help U.S. farmers, group warns
Ben Cousins, CTVNews.ca Staff</span>
Published Saturday, September 1, 2018 5:26PM EDT
As Can… Read More...
Trans Mountain ruling leaves workers bracing for layoffs
Hina Alam, The Canadian Press</span>
Published Saturday, September 1, 2018 7:07AM EDT
Worker… Read More...
Deal signed to settle Aeroplan miles expiry lawsuitMONTREAL -- Aimia says it has signed a deal to settle a class action case related to changes to its … Read More...
Tim Hortons, franchisees in legal spat over 'shattering' coffee potsTim Hortons and a group of its franchisees are embroiled in another legal battle -- this time over a… Read More...
Signs point to new NAFTA deal as bad news for consumers: analysts
Terry Pedwell, The Canadian Press</span>
Published Saturday, September 1, 2018 9:08AM EDT
OT… Read More...
0 Response to "Greater Montreal Area posts record home sales in May"
Post a Comment