Residential Sales in Québec Jump by 10% in January
The real estate market in Québec remained very active in January, as sales of residential properties increased by 10 per cent compared to January 2017. These statistics come from the real estate brokers’ Centris® provincial database.
Condominiums once again dominated the market in terms of sales, as the number of transactions jumped by 15 per cent. Single-family homes and plexes also did well, as sales of these property categories increased by 8 per cent and 10 per cent, respectively.
The Census Metropolitan Areas (CMAs) of Montréal (+13 per cent), Québec City (+7 per cent), Gatineau (+15 per cent), Sherbrooke (+6 per cent) and Saguenay (+5 per cent) all registered an increase in sales. Only the Trois-Rivières CMA posted a decrease (-12 per cent).
The median price of single-family homes sold across Québec in January stood at $239,000, a 2 per cent increase compared to January 2017. The median price of condominiums increased by 3 per cent to reach $225,750.
Here is the median price of single-family homes in the province’s six CMAs in January 2018, as well as their variation as compared to January of last year:
- Montréal: $307,250 (+6 per cent)
- Québec City: $250,000 (+3 per cent)
- Gatineau: $230,000 (-6 per cent)
- Sherbrooke: $195,250 (-10 per cent)
- Saguenay: $162,000 (-4 per cent)
- Trois-Rivières: $140,000 (-10 per cent)