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House prices in the Montreal region have reached a new high, according to two reports released on Thursday.

The aggregate price of houses and condos rose to $384,055 during the three-month period that ended on Sept. 30, according to the Royal LePage House Price Survey.

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That’s a 6.6 per cent increase from the equivalent period last year and up 3.2 per cent from the previous quarter, according to the survey, which is based on Royal LePage sales data.

Those increases are important, said Dominic St-Pierre, Royal LePage’s senior director for the Quebec region.

“If you look at the last 25 years, there’s just two years where there was an actual decrease in price year over year. Prices are usually going up,” he said. “Now, we see that the increase in prices is accelerating a bit.”

While prices are increasing quickly by Montreal standards, he said, the increases are much healthier than those seen in cities like Toronto and Vancouver. Here, he said, price increases are being driven by underlying economic growth, rather than speculation.