The 3,411 real estate transactions registered in November 2009 were enough to surpass, by 4 per cent, the record-breaking sales levels of November 2007.
All property categories registered an increase in sales in November 2009, and all categories managed to exceed the record-breaking sales levels of 2007. Condominiums led the way with a 12 per cent increase compared to November 2007. Plex sales also increased by 2 per cent compared to November 2007. Finally, single-family homes posted a 1 per cent increase compared to 2007.
“The market is very active. Now is a good time to sell a property, and it’s also a good time to buy a property as mortgage rates are still low and the inventory of homes for sale is quite extensive, with 21,197 properties on the market in the Montréal area,” said Mr. Michel Beauséjour, FCA, Chief Executive Officer of the Greater Montreal Real Estate Board.