Montreal sales up for 8th consecutive quarter

Sales of homes in the Montreal Census CMA rose 2 per cent in the second quarter of 2016 compared to the same period of 2015. There were 12,767 sales concluded in the quarter though the Centris database of the Greater Montreal Real Estate Board.

The quarterly rise marks the eight consecutive rise in sales, the longest streak for 15 years. It was also the best second-quarter sales volume in four years.

Single-family home sales increased 1 per cent and condos by 4 per cent but plexes saw a 3 per cent dip in sales.

The median price of a single-family home was up 2 per cent to $296,500 while condo prices rose 1 per cent to $239,290. Plexes saw a 3 per cent increase to a median price of $460,000.

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