Montreal Homeowners Running to the Bank

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February was THE month to buy real estate in Montreal!

February was a strong month for Montreal in residential sales with a total of 4,081, a 5% sales increase over the same time last year, according to the Greater Montreal Real Estate Board (GMREB), and the best February performance since 2012.

The report showed five of Montreal’s six major sectors recording a rise in residential sales. The Vaudreuil-Soulanges region saw particular sales growth.

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Condos are absolutely booming and had the largest sales increase, jumping by 14%. Property prices increased as a result of increasingly tight market conditions, according to the GMREB.