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Residential property sales and prices in the Montreal area rose for every type of dwelling in July for the third consecutive month, according to data released by the Greater Montreal Real Estate Board on Friday.

“We’re in a seller’s market,” said Paul Cardinal, the manager of market analysis for the Quebec Federation of Real Estate Boards.

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That’s the result of strong demand and diminishing supply, as the number of new and active listings declines.

Home sales across the region were up 16 per cent last month, when compared to July 2016, according to the GMREB.

That increase was highest on the island of Montreal, where the number of homes sold rose 21 per cent from July 2016.

“On the island, we’re seeing bidding wars back,” Cardinal said. “That’s the result of the hot market we have now.”

Across the region, sales of condominiums saw the biggest increase, rising 24 per cent year-over-year. Sales of single-family homes were up 13 per cent, while sales of plexes were up two per cent.