Canadian Business Journal confirms moderate slowdown in Quebec City market September

QUEBEC CITY, Oct. 05, 2022 (GLOBE NEWSWIRE) — The Quebec Association of Real Estate Brokers (QPAREB) has released its residential property market statistics for September.The latest market statistics for Quebec City Census Metropolitan Area (CMA) Based on the Centris local database of real estate brokers.

“While down from the same period last year, the Quebec City market showed solid activity in September, which compares favorably to 2019. In terms of active listings, compared to last year It is still declining and bucking the trend in the state. While it is true that the number of properties offered for sale has increased over the past four months, it has been slow and market conditions remains particularly difficult for sellers.” Analytics. “The level of activity in the condo category appears to be more limited by the steady decline in the number of active listings than by the price levels reached. We have seen only modest price declines in the last two months.”

Highlights of October

• The number of Quebec City CMA transactions (583) dropped significantly in September 2022 (-15%) compared to the 684 transactions recorded during the same period last year.
• In contrast to the previous month, this decline was seen across all three major sectors and was similar across all of them. Quebec City’s Northern Periphery and South Shore recorded 13% declines, with 62 and 108 sales, respectively, with 413 home deals in Quebec City’s multifamily homes, the largest decline of 16%. .
• All property categories recorded a decline in the number of deals, but it was slightly less pronounced in single-family homes, which registered a mere 8% decline in 368 deals. Condos (160 units sold) and small-income properties (55 units sold) declined by 24% and 25%, respectively.
• Active listings are steadily increasing month by month, albeit at a much slower pace than at the state level, reaching 2,884 properties for sale on the market. However, this is him 4% lower than the September 2021 active list (2992).
• Median prices for single-family homes, condominiums, and plexes are $330,000, $240,000, and $384,500, up 5%, 7%, and 10%, respectively, compared to September 2021. All three categories show a slight decrease compared to August 2022. The median price for single-family homes in August was $335,000, condos $241,000, and low-income properties $402,500.

Additional Information:

detailed and cumulative Statistics of of state and area

If you would like additional information from our Market Analysis department, such as specific data on the real estate market or local details, write to us.

About the Quebec Professional Association of Real Estate Brokers

The Quebec Professional Association of Real Estate Brokers (QPAREB) is a non-profit association of over 14,000 real estate brokers and agents. It is responsible for promoting and defending their interests, taking into account the problems facing the profession and the different professional and local realities of its members. QPAREB also plays a key role in many real estate dossiers, including implementing measures to encourage homeownership. The association reports on Quebec residential real estate market statistics, provides real estate training, tools and services, and facilitates the collection, dissemination and exchange of information. QPAREB has its headquarters in Quebec City, an administrative office in Montreal and a regional office in Saguenay. It has two subsidiaries: Société Centris inc. and Colège de l’immobilier du Québec.Follow our activities at qpareb.ca Or via our social media pages (Facebook, LinkedIn, Twitter, Instagram).

About Centris

Centris is a dynamic and innovative technology company in the real estate sector. We collect data and provide solutions that are highly tailored to the needs of professionals. Among these solutions is Centris.ca, Quebec’s most visited real estate website.

For more information:

Marie Rose Desotel
Morin Relations Publics
[email protected]

You can use the image bank (credit QPAREB) for free.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ae79dc3-edb0-4b05-8bbe-bd88d3862432.

CBJ Newsmaker