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.