Residential Sales Increase by 5% in August
The number of real estate transactions concluded through the real estate brokers’ Centris® database grew by 5% in Québec in August 2017 compared to August of last year.
Thanks to strong demand for condominiums, the Montréal Census Metropolitan Area (CMA) posted the best result, with an 8% increase in sales. Increases were also observed in the CMAs of Québec City (+7%), Gatineau (+4%) and Trois-Rivières (+3%).
In contrast, sales decreased in the Sherbrooke (-18%) and Saguenay (-13%) CMAs.
As for prices, the median price of single-family homes across the province increased by 5%, while that of condominiums grew by 1% and that of plexes rose by 3%.
Here is the median price of a single-family home in each of the province’s 6 CMAs in August 2017, as well as their variation as compared to August of last year:
- Montréal: $325,000 (+6%)
- Québec City: $252,950 (+1%)
- Gatineau: $240,000 (-2%)
- Sherbrooke: $205,500 (+2%)
- Saguenay: $166,000 (-2%)
- Trois-Rivières: $149,000 (-1%)