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Autumn’s chills have done nothing to dampen real estate activity in Montreal.

Transactions and average prices in the Montreal metropolitan area climbed yet again last month while selling times shrank, according to the latest data from the Quebec Professional Association of Real Estate Brokers. Dwindling supply remains an issue, as evidenced by monthly and quarterly figures. The metropolitan area includes the island of Montreal, Laval, the South Shore and northern suburbs as far away as Mirabel.

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“It’s fair to say the market is overheating,” Charles Brant, director of market analysis at the association, said Thursday in a telephone interview. “Prices are rising, and the pace of sales is quickening. It’s unusual to see this vigour persist so late into the year.”

Appetite for real estate is being propped up by low interest rates and a vibrant Quebec economy, which supports wage increases and buying power. Positive immigration flows and a relative dearth of properties in central Montreal neighbourhoods such as Mile End, Rosemont and the Plateau are also playing a key role, Brant said.