June 6, 2017

Residential Sales Increase in Québec in May

According to the real estate brokers’ Centris® provincial database, sales of residential properties increased by 13% across the province in May.
Residential Sales Increase in Québec in May

 

In the Montréal Census Metropolitan Area (CMA), 5,057 residential sales were concluded in May, which represents a 15% increase compared to May of last year and a new sales record for a month of May. Increases were observed in all five main areas of the Montréal CMA: Vaudreuil-Soulanges (+25%), the Island of Montréal (+22%), the North Shore (+14%), Laval (+11%) and the South Shore (+4%).

Among the other CMAs in the province, only Sherbrooke (-7%) and Trois-Rivières (-21%) registered a decrease in sales in May.

Centris Residential Statistics

 

The median price across the province increased by 5% for single-family homes, by 3% for condominiums and by 7% for plexes.

Here is the median price of a single-family home in the province’s 6 CMAs, accompanied by their variation as compared to last year:

  • Montréal: $319,000 (+6%)
  • Québec City: $262,000 (+3%)
  • Gatineau: $252,500 (+6%)
  • Sherbrooke: $209,000 (+3%)
  • Saguenay: $189,000 (+5%)
  • Trois-Rivières: $137,850 (-4%)

 

See also:

Reviewed and Updated Forecasts for 2017

Condominium Resale Prices: Let’s Talk Square Feet

A Real Estate Broker: For Renting Too

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