May 4, 2018

Sales Jump by 13% in April

Home buyers in Québec were out in full force in April. Data from the real estate brokers’ Centris® provincial database indicate that sales jumped by 13% compared to April 2017.
City of Montréal

 

Condominiums continued to dominate the market, as the number of transactions rose by 21%. Sales of single-family homes (+11%) and plexes (+8%) also posted significant increases.

Geographically, all of the province's census metropolitan areas (CMAs) registered substantial increases in sales, with the exception of Sherbrooke (-2%). Saguenay (+47%) led the way, followed by Trois-Rivières (+28%), Québec City (+25%), Gatineau (+17%) and Montréal (+10%).

Centris Residential Statistics - April 2018

 

The median price of single-family homes sold across Québec in April stood at $253,000, a 2% increase compared to April 2017. The median price of condominiums increased by 1% to reach $228,000.

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

  • Montréal: $317,000 (+4%)
  • Québec City: $265,000 (+3%)
  • Gatineau: $255,000 (+2%)
  • Sherbrooke: $215,000 (+3%)
  • Saguenay: $180,000 (+6%)
  • Trois-Rivières: $147,000 (-6%)

 

See also:

Record Number of Vacation Properties Sold in 2017

Home Buying: 6 Things That Are Often Overlooked

First-Time Buyers: Avoid These Mistakes!

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