Plexes (2 to 5 units) – Up in Sales
The demand for this type of housing is up in Greater Montreal with 360 sales recorded in January 2006,
an increase of 16% when compared with 310 sales for the same time period a year ago. The average price of a 2 to 5 unit plex was $275,000 last month compared to $247,000 in 2005, an 11% increase. Montreal remains the most active market for plexes since 53% of all transactions were recorded there in January 2006.
This information is taken from the GMREB website:
The Greater Montréal Real Estate Board (GMREB) is a non-profit organization and has more than 9,000 members, real estate brokers and agents. It is the second largest board in Canada and its mission is to actively promote and protect its members’ professional and business interests in order for them to successfully meet their business objectives.