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Montréal Area Residential Real Estate Market: Largest Increase in Sales in Almost Three Years

Île-des-Sœurs, May 6, 2015 - The Greater Montréal Real Estate Board (GMREB) has just released its most recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris® provincial database. In total, 4,680 residential sales were concluded in April 2015, a 12 per cent increase compared to April 2014. This was the most active month of April since 2012 and the largest increase in sales in 35 months.

“The real estate market is currently benefiting from historically low financing rates as well as a boost in employment in the Montréal Metropolitan Area,” said François Bissonnette, President of the GMREB Board of Directors.

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