The Federation of Real Estate Boards of Québec Canada (QFREB) announced the real estate market in Québec by adhering to the Centris provincial database of real estate brokers.

According to Centris statistics, real estate prices in Québec continue to increase in all real estate markets.


Sales

A total of 16,010 single family houses, 5,866 condominiums and 1,694 plexes (+ 1%) were sold in Québec.

Geographically, Joliette (+ 51%), Sainte-Agathe-des-Monts (+ 39%), Amos and Drummondville (+ 36%), La Tuque (+ 35%) and Rawdon (+ 33%) drew attention. Property prices in these regions increased.

Real estate sales increased by 24 percent in the six metropolitan areas of the state. Gatineau CMA also showed a good performance in sales, up 16%.

However, some major areas have pointed out that the other Canadian metropolitan area showed a decline.

Active lists

The number of properties for sale continued to fall in Quebec.

Compared to the first quarter of last year, 61,885 residential properties were sold with a decrease of 9 percent.

Number of listings increased by 8 percent for single family homes and 18 percent for condominium, and 5 percent for plexuses

Prices

For the province as a whole, the median price of single family houses increased by 3% to $ 255,000.

The highest price increases were recorded in Thetford Mines (+ 23%), Shawinigan (+ 13%), Rawdon (+ 10%), Sainte-Agathe-des-Monts (+ 8%) and Drummondville (+ 6%).

The median price of the condominium increased by 1% in the province and reached 231,000 dollars.
The average plex price remained unchanged at $ 385,000.

Average sales time

The properties sold in the first quarter of 2019 received a faster closing offer than they did a year ago.

Detached houses are sold on average 104 days (-6 days). Houses sold in average 101 days.

Source: shupilov

Sevdenur Demir / [email protected]