Home sales in the Montreal CMA increased again in September; the 18th gain in the past 19 months.

There were 2,757 sales through the Greater Montreal Real Estate Board’s Centris database in the month, up 4 per cent year-over-year. The largest gain was on the Island of Montreal with sales up 8 per cent.

“Sales have intensified on the Montréal area resale market in recent months and, at the same time, there has been a downward trend in the number of active listings,” said Daniel Dagenais, President of the GMREB Board of Directors.

Sales in the North Shore were up 4 per cent and South Shore saw a 3 per cent rise. However, sales declibed 7 per cent in Laval, the fourth consecutive month of falling sales; and in Vaudreuil-Soulanges sales were down 5 per cent.

Median prices were up 4 per cent for single-family homes to $304,000 and up 1 per cent for condos to $250,000.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: