Montreal home prices continue to rise

Royal LePage released it's quarterly housing survey this morning and it indicates that house prices in the Greater Montreal area are continuing to rise at a healthy pace.

Overall, prices are up an average 4.9% in the first quarter of 2017, led by booming condominium sales in western and eastern Montreal.

The median price of a two-storey house increased by 5.6% over 2016, to $ 456,158.

Single-storey home prices were up 3% in the first quarter to $ 290, 892.

Condominium prices increased 4.7% to $ 302, 915. 

in a statement Royal LePage says conditions are good across the board . "Quebec's economy is doing very well and the unemployment rate is at its lowest level since 1976. Montréal plays a major role in this success story."

Condominium sales rose 13.5% in the first quarter , with a 21.5% increase in western Montreal and and a 19.7% increase in the eastern sector.

Read the complete release here: