Québec Market Continued to Hold Strong in July
The province's real estate market performed well once again in July, as data from the real estate brokers' Centris provincial database show that sales increased by 3 per cent compared to July of last year.
Plex sales registered the largest increase, as the number of transactions jumped by 9 per cent. Condominium sales were also strong, increasing by 6 per cent, while single-family home sales grew by 1 per cent.
Geographically, most of the province's census metropolitan areas (CMAs) registered an increase in sales. Saguenay led the way (+23 per cent), followed by Gatineau (+11 per cent), Sherbrooke and Trois-Rivières (+2 per cent) as well as Montréal (+1 per cent). Sales fell by 4 per cent in Québec City.
The median price of single-family homes sold across Québec in July stood at $246,000, a 1 per cent increase compared to July 2017. The median price of condominiums stood at $238,000, up 2 per cent.
Here is the median price of single-family homes in the province’s six CMAs in July 2018, as well as their variation as compared to July of last year:
- Montréal: $336,250 (+6%)
- Québec City: $250,000 (0%)
- Gatineau: $245,000 (+1%)
- Sherbrooke: $225,000 (-5%)
- Saguenay: $171,750 (-4%) • Trois-Rivières: $165,000 (+11%)