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Residential sales increase

In the Greater Montreal Area, 4,798 residential sales were concluded in April 2017, a 1 per cent increase compared to April of last year.

This was the most active month of April since 2012.

Sales by geographic area 

Two of the five main areas of the Montréal CMA registered an increase in sales in April: VaudreuilSoulanges (+29 per cent) and the South Shore (+3 per cent).

Sales were unchanged on the Island of Montréal, and decreased slightly in Laval (-3 per cent) and on the North Shore (-2 per cent).

Sales by property category 

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.

Sales of single-family homes (-3 per cent) and plexes (-1 per cent) posted slight decreases.

Prices

Condominiums and plexes registered moderate price increases. The median price of plexes reached $488,000, a 4 per cent increase compared to April of last year, while that of condominiums stood at $240,000, a 2 per cent increase.

The median price of single-family homes rose by 7 per cent compared to April 2016, to reach $309,000. This was the largest increase since July 2011. 


Source: CIGM- 2017