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Residential property sales in and around Montreal had their best February on record, marking five years of consecutive monthly advances.

More than 5,330 residential transactions were concluded in the Montreal metropolitan area last month, a 23-per-cent increase from the same month a year ago, the Quebec Professional Association of Real Estate Brokers said Thursday in its latest monthly report. February marked the 60th consecutive month of sales growth, the group said.

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The previous high for February dated back to 2002.

Last month’s property transactions had a combined value of $2.21 billion, 39 per cent more than the $1.59 billion recorded in February 2019. Sales on the island of Montreal accounted for just under half the total value.

Sales growth was strongest in the suburbs. St-Jean-sur-Richelieu led the way with a 33-per-cent gain, followed by the South Shore with 30 per cent, Laval with 28 per cent and the North Shore with 23 per cent.