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MONTREAL — Forget Vancouver and Toronto — Canada’s hottest housing market these days may be Montreal.

The Greater Montreal Real Estate Board released data Friday showing that 3,075 homes were sold in July, an increase of 16 per cent compared with a year ago and the most for the month in eight years.

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That contrasts with Toronto, where sales last month plunged 40.4 per cent while in Vancouver they dropped 8.2 per cent.

The price of homes in Montreal was also higher, albeit still well short of levels seen in Vancouver and Toronto. The median price of a single-family home in Montreal rose to $323,000, up eight per cent from July 2016. The median condominium price edged up two per cent to $256,000.

“For single-family homes, market conditions for resales are increasingly favouring sellers, which explains why price increases have been more sustained in recent months,” Mathieu Cousineau, president of the GMREB board of directors, said in a statement.