Montreal home sales rise for a 50th straight month, gaining 11 per cent in April
For sale signs stand in front of a condominium Tuesday, September 27, 2011 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
Montreal's real estate market remained on fire in April with residential home sales increasing 11 per cent from a year ago.
Quebec's real estate broker association says home sales in metropolitan Montreal marked the 50th consecutive monthly increase in sales, rising to 5,973 units.
All six areas of the Montreal area increased, led by an 18 per cent increase in the south shore, while the Island of Montreal grew six per cent.
Condominium sales shot up 17 per cent, plexes with two to five units were up 12 per cent and single-family homes grew six per cent.
The Quebec Professional Association of Real Estate Brokers says the median price of single family home increased four per cent to $330,000, condominiums were up six per cent to $260,000 and plexes rose eight per cent to $540,000.