The GMREB reports that Real Estate Still a Solid Investment in Montreal

Real Estate Still a Solid Investment in Montréal
"Greater Montreal's slow and steady increase reassures buyers and sellers that the residential real estate market continues to be a good investment," said Michel Beausejour, FCA, GMREB's Chief Executive Officer. Property prices continued to rise in August 2008, as the median price of a single-family home rose by 4% compared to August 2007. Michel Beauséjour, Chief Executive Officer of the GMREB, explains that this slow and steady increase in prices reassures buyers and sellers that real estate continues to be a good investment in Montréal, as he presents the MLS® statistics for the month of August 2008.