Montreal house prices rose for 40th consecutive month in July: index


Teranet–National Bank House Price Index suggests house prices are up 4.01 per cent from July 2017

The resale price of residential properties in Montreal rose for the 17th time in 19 months in July, according to an index that tracks property-price changes.

The Teranet–National Bank House Price Index was up 1.28 per cent from June to July, suggesting an equivalent increase in prices.

It was up 4.01 per cent from July 2017.

The index was 171.41 for Montreal, suggesting house prices in the region have risen 71.41 per cent since its June 2005 base.

It is calculated by comparing the selling prices of houses, condos and townhouses that have sold at least twice. It is not seasonally adjusted.

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