April 16, 2018
Québec's Real Estate Market: Active Start to 2018
Home sales across Québec increased by 3 per cent in the first quarter of 2018 compared to the first quarter of 2017. In total, the province's real estate brokers sold 22,050 properties, the best first-quarter sales result in six years.
Here are the highlights for the first quarter of 2018:
Sales
- Condominium sales jumped by 13 per cent, while sales of plexes increased by 2 per cent and sales of single-family homes remained unchanged.
- Geographically, the agglomerations of Rivière-du-Loup (+22 per cent), Salaberry-de-Valleyfield (+21 per cent), Mont-Tremblant (+15 per cent) and Saint-Hyacinthe (+13 per cent) posted the largest increases in residential sales.
- As for the province's six Census Metropolitan Areas (CMAs), that of Montréal registered the largest increase in sales at 7 per cent, followed by Saguenay at 5 per cent. Sales in the Québec City and Sherbrooke CMAs were unchanged, while sales in the Gatineau (-8 per cent) and Trois-Rivières (-11 per cent) CMAs decreased.
Prices
- For the province as a whole, the median price of single-family homes increased by 3 per cent to reach $248,000.
- The largest increases in median price for single-family homes were in the agglomerations of Sainte-Agathe-des-Monts (+18 per cent), Saint-Sauveur (+13 per cent), Thetford Mines (+8 per cent) as well as Victoriaville and Rouyn-Noranda (+7 per cent).
- The median price of condominiums also increased by 3 per cent for the province as a whole, reaching $229,000, while the median price of plexes rose by 6 per cent to reach $380,000.
Click here to see the main residential statistics for the province of Québec.
See also:
The Most Expensive and Most Affordable Areas