The Greater Montreal Real Estate Board has released an encouraging housing report that shows that while home sales in Montreal have slowed down in comparison with September 2009, they are still at a level similar to sales from 2005-2008.
This shows that the housing market may not be in as much of a slump as the media would have us believe. Sales are down in comparison with this time last year, but the housing market was booming last fall due to the country coming out of a recession.
You can keep up with the local markets with our monthly market reports, republished with permission from Andy Dodge, available here.
