Real Estate Resale Market Alive and Kicking

For all the talk of the imminent cooling, Montreal's real estate market continues unabated. At least its resale (secondary) component does. The average price of a condo changing hands on the island is now $234,000.

The latest report from the Greater Montreal Real Estate Board shows record increases in the number of transactions (12% in 2007 so far with 18% in May) with condominimum units in the region showing the strongest growth (16%):

28,157 transactions were recorded between January 1 and May 30, 2007, compared to 25,126 transactions for the same period last year.

Sources and Links

• The Resale Market Beats All Records (cigm.qc.ca)