L'ÎLE-DES-SŒURS, QC, Nov. 6, 2018 /CNW Telbec/ - The Greater Montréal Real Estate Board (GMREB) has just released its most recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers' Centris provincial database. In total, 3,731 residential sales were concluded in October 2018, an 11 per cent jump compared to the same month last year. This figure also represents a new sales record for a month of October and the 44th consecutive increase in transactions. Click here to watch the October 2018 statistics video.
Real estate brokers are subject to the Real Estate Brokerage Act and must comply with various measures to ensure your protection: they must meet the requirements of the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ), contribute to the Real Estate Indemnity Fund and hold professional liability insurance. They are responsible for the real estate transaction.