Skip to main content

A sold sign is shown on the west island of Montreal on Nov. 4, 2017.

Graham Hughes/The Canadian Press

The Montreal real estate market continues to tighten as home sales rose amid a drop in listings last month.

The Quebec Professional Association of Real Estate Brokers says residential sales hit 4,339 in June, a year-over-year increase of 7 per cent.

The uptick came during the 45th consecutive monthly drop in the number of active listings, prompting a spurt in prices, particularly on the outskirts of the Island of Montreal.

Story continues below advertisement

The median price of a single-family home hit $352,250 last month, an 8-per-cent rise from June 2018. Condominiums cost 2-per-cent more at a median of $261,000, while the price of plexes with two to five units jumped 6 per cent to a median of $539,000.

The biggest overall sales increases occurred in Saint-Jean-sur-Richelieu and the North Shore, where they soared by 16 per cent and 12 per cent, respectively. Vaudreuil-Soulanges was the only area to see a drop in sales, on the heels of spring flooding in many neighbourhoods.

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter