According to data from the Multiple Listing Service (MLS) system of the Greater Montreal Real Estate Board the number of real estate transactions has diminished by 6 % in August of 2008 compared to the same period in 2007, in the metropolitan region of Montreal. When one makes an assessment for the months of 2008, this decrease now amounts 4 %.
Still a good market thus, the Montreal one, with price increases remaining constant, with an average price increase of 4 % for a one-family home in August of 2008 compared to August 2007, settling at 225 000 $. The average price for co-properties has increased by 3 % whereas duplexes have gone up by 5 %, this still for the same period of time.
Michel Beauséjour, FCA, and chief executive of the GMREB (Greater Montreal Real Estate Board) has said: « The reasonable and regular price increases keep telling salesmen and buyers that residential real estate remains a good investment. »