Residential Sales Remain Stable in February
Data from the real estate brokers’ Centris® provincial database shows that the market remained stable in February.
Once again, condominiums dominated the market with sales up by 12 per cent. On the other hand, single-family homes and plexes posted 3 per cent decreases.
The Census Metropolitan Areas (CMAs) of Montréal and Saguenay (+5 per cent in both cases) were the only ones to register positive results. Decreases were observed in Québec City (-1 per cent), Sherbrooke (-11 per cent), Gatineau (-16 per cent) and Trois-Rivières (-29 per cent).
The median price of single-family homes sold across Québec in February stood at $250,000, a 5 per cent increase compared to February 2017. The median price of condominiums increased by 5 per cent to reach $233,000.
Here is the median price of single-family homes in the province’s six CMAs in February 2018, as well as their variation as compared to February of last year:
- Montréal: $310,000 (+6 per cent)
- Québec City: $249,900 (+2 per cent)
- Gatineau: $253,000 (+5 per cent)
- Sherbrooke: $209,000 (+8 per cent)
- Saguenay: $162,000 (-11 per cent)
- Trois-Rivières: $146,500 (-2 per cent)
See also:
First-Time Buyers: Avoid These Mistakes!