July 9, 2018

Residential Sales Increase by 3 Per Cent in June

Québec's real estate market continues to perform well. In June, data from the real estate brokers' Centris provincial database show that sales increased by 3 per cent compared to June of last year.
Residential Sales Increase by 3 Per Cent in June

 

The trend of the last few months continued, as condominiums dominated the market once again. In June, condo sales were up by 7 per cent. Sales of single-family homes – the most popular type of property – grew by 2 per cent while plex sales fell by 4 per cent.

Geographically, most of the province's census metropolitan areas (CMAs) registered an increase in sales. Gatineau posted the largest increase (+28 per cent), followed by Québec City (+4 per cent), as well as Montréal and Sherbrooke (+1 per cent). Sales were unchanged in Trois-Rivières and decreased by 12 per cent in Saguenay.

Centris Residential Statistics

 

The median price of single-family homes sold across Québec in June stood at $250,000, a 1 per cent increase compared to June 2017. The median price of condominiums stood at $245,000, a 4 per cent increase.

Here is the median price of single-family homes in the province’s six CMAs in June 2018, as well as their variation as compared to June of last year:

  • Montréal: $325,089 (+1%)
  • Québec City: $255,000 (+1%)
  • Gatineau: $245,000 (+2%)
  • Sherbrooke: $213,000 (+7%)
  • Saguenay: $175,500 (-5%)
  • Trois-Rivières: $145,000 (-9%)

 

See also:

Bidding Wars on the Rise in Québec

Inclusions and Exclusions: What You Need to Know

3 Questions to Ask Yourself Before Buying a Home

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