BuzzBuzzHome Corp.

December 10, 2010
The Greater Montreal Real Estate Board reported yesterday that the number of Montreal condos resold in November set a record for that month.
Resales were up 3% over 2009.
This bit of news was something of a silver lining in an otherwise subdued set of numbers. Condos were the only property category to register an increase in sales in the Montreal area.
This prompted Diane Menard, vice-president of the GMREB’s board of directors to put on a brave face.

“It’s true that MLS sales decreased for a seventh consecutive month, but the decrease was much smaller than those registered in recent months. . . November was a strong month for the Montreal-area real estate market.”

So, what do you think, are condos leading a resurgence in the Montreal-area market, or was this an anomaly in a market that will stay soft for months to come?

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