QPAREB says Montreal home sales in October down 2% from year ago level

The Quebec Professional Association of Real Estate Brokers say home sales in the Montreal area in October fell two per cent compared with the same month last year to their second-lowest level since it began compiling market data in 2000.

The association says Montreal home sales totalled 2,675 in October, down from 2,740 a year earlier.

Single-family home sales totalled 1,347 in October, down six per cent compared with 1,438 in the same period last year, while condominium sales amounted to 1,018 transactions compared with 1,021 in October 2022.

Plex sales rose 10 per cent to 307 sales compared with 279 sales of the small income properties a year earlier.