Category: Montreal Market Report

Montreal Real Estate Market Reports. Market updates and news

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Montreal Market Report: Condo Sales Pick Up in May

MLS® Residential Statistics for the Montréal Metropolitan Area

“There were 4,186 MLS® sales transactions in the Montréal Metropolitan Area in May 2011, a 4 per cent decrease compared to May 2010, according to the Greater Montréal Real Estate Board (GMREB). Despite this slight decrease in real estate activity, condominium sales actually increased by 4 per cent in May. ”

While sales decreased by 5% on the Island of Montréal, condominium sales increased by 6%. The most active areas, in term of sales were the following: