Montreal’s real estate market sizzled in 2017 with sales hitting 10-year high
Montreal was one of Canada’s hottest real estate markets last year as low unemployment and economic growth translated into the area’s best sales growth in a decade.
Total sales in the Greater Montreal Area increased eight per cent to 44,448 on the strength of condominium sales and good overall activity on the Island of Montreal.
Sales growth exceeded 20 per cent in five of the city’s most popular boroughs.
That compared with sales decreases of 18 per cent in the Greater Toronto Area and 10 per cent in Greater Vancouver.