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Montreal home sales climb six per cent in November as housing supply tightens

December 6, 2018 3:16 PM
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MONTREAL—The real estate market in Montreal and the surrounding area continues to show strength, as the number of homes sold climbed six per cent in November compared with a year ago, amid declining supply.

The Greater Montreal Real Estate Board says there were 3,630 residential sales last month, setting a new sales record for the month of November.

The records come as the number of new listings fell six per cent compared with a year ago, while the number of active listings were down 18 per cent to 21,089.

Amid the different property types, condo sales were up 10 per cent year-over-year at 1,256 units, while single family home sales climbed three per cent to 1,930. Sales of plexes, which include two to five units, totalled 436, up six per cent from a year ago.

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Source: thestar.com

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