Montreal real estate sales hit 9-year high for September, extending hot streak

Montreal’s real estate market is continuing its hot streak.

The Greater Montreal Real Estate Board says residential sales rose eight per cent in September compared to the same month last year.

The 3,220 sales represent a nine-year high for the month of September.

The median price of single-family homes hit $336,000, up seven per cent year over year. Duplexes jumped six per cent to $504,00, while condominiums climbed four per cent to $263,000.

Real estate board president Nathalie Begin says sales have been increasing for 43 months straight.

Mortgage stress tests and higher interest rates imposed over the past year haven’t dampened Montreal’s real estate market, even as sales have slowed over the past year in Vancouver and Toronto.

The Canadian Press