Eager buyers paced a surge in single-family home and condominium sales on the island of Montreal in September,with sales in each category rising by 15 per cent and 10 per cent respectively compared to September, 2010, according the latest stats from the Greater Montreal Real Estate Board.
That worked out to 324 houses and 510 condos sold.
The jump in those two categories offset a 5 per cent drop in plex sales last month. The number of two- to five-unit building sold totaled 213, compared to 225 a year earlier. Sales volume, or the amont of money buyers spent, rose by 6 per cent to $854.4 million in September alone.
The strong September results were the fourth consecutive month of gains for the Greater Montreal area, with the island leading the way.