Window on the Quebec City CMA real estate market:



QUEBEC, Jan. 07, 2022 (GLOBE NEWSWIRE) – The Professional Association of Real Estate Brokers of Quebec (APCIQ) has just published its statistics on the residential real estate market for the Quebec census metropolitan area (CMA) for the month of December, according to the Centris provincial database of real estate brokers.

“There was a resurgence of interest in condominiums at the end of 2021. It now takes barely more than 4 months to sell the entire building stock for sale, a significant advantage for sellers who have not seen themselves at this time of year since 2003. ”, notes Charles Brant, director of market analysis at APQAP. “Buyers are flocking to this type of property, which is still relatively affordable in Quebec, taking advantage of financing rates that are still extremely advantageous,” he adds.

Highlights for December

  • In 2021, sales in Quebec experienced a relative drop of 4% with 10,197 transactions. Nevertheless, this is the second most active year recorded by the Centris real estate brokerage system after the exceptional year of 2020.
  • In December, sales fell to 736, a decrease of 17% from the same period last year. Note that a historic record of 885 sales was reached in December 2020.
  • All sectors of the Quebec City CMA continue to record excellent levels of sales, particularly on the South Shore with a drop of 4% compared to December last year, followed closely by the northern outskirts of Quebec ( -5%). The agglomeration of Quebec recorded the most significant drop with a 21% drop in sales.
  • The condominium category enjoys great popularity with sales down only 7% compared to December 2020. Sales of single-family homes, constrained by a low level of available inventory, were down 20%. The sales of small income properties experienced the largest drop (-25%).
  • Active listings fell significantly for the 21st consecutive month for single-family homes (-36%) and especially for condominiums (-45%). The decrease is -7 percent for small income properties.
  • Month after month, with market conditions largely favorable to sellers, prices continue to rise steadily, even though plexes are down slightly by 4% ($ 350,000). Condominiums jumped about 18% from a year ago, while single-family home prices continued to show a steady increase of about 13%. As a result, median prices hit new records for these two categories: $ 318,875 for single-family homes and $ 225,000 for condominiums.

Additional information:

Detailed and cumulative statistics for the Province and regions

If you would like further information from the market analysis service, such as specific data or regional details on the real estate market, please write U.S.

About the Professional Association of Real Estate Brokers of Quebec

The Professional Association of Real Estate Brokers of Quebec (APCIQ) is a non-profit association that brings together more than 13,300 real estate brokers and agencies. It is responsible for promoting and defending their interests, taking into account the challenges of the profession and the various professional and regional realities of its members. The APCIQ is also an important player in many real estate matters, including the implementation of measures to promote home ownership. The Association reports statistics on the residential real estate market in Quebec, offers training, tools and services related to real estate and facilitates the collection, dissemination and exchange of information. The APCIQ has its head office in Quebec and its administrative offices in Montreal. It has two subsidiaries: Centris inc. and the College of Real Estate of Quebec. Follow its activities on qpareb.ca or via its social network pages: Facebook, LinkedIn, Twitter and Instagram.

The APCIQ released a major study on real estate overheating on September 13, 2021. This brief was presented to the Quebec Minister of Finance as part of the consultation on the supervision of real estate brokers in a context of an overheating market. Click here to read this analysis.

About Centris

Centris is a dynamic and innovative technology company in the real estate sector. It collects data and offers solutions tailored to the needs of professionals. Among these solutions is Centris.ca, the most visited real estate site in Quebec.

For more information:

Marie-Rose Desautels
Morin Public Relations
media@qpareb.ca

Image bank (QPAREB credit) available free of charge.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/abcd9961-b297-435f-aec5-71ecf2d6938e


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