Condominium

Start of spring with a bang in Quebec: sales remain high, condominium prices soar in the agglomeration

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Window on the real estate market for the Québec City CMA

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QUEBEC CITY, May 04, 2022 (GLOBE NEWSWIRE) — The Professional Association of Real Estate Brokers of Quebec (APCIQ) has just released its residential real estate market statistics for the month of April. The most recent market statistics for the Quebec Census Metropolitan Area (CMA) are based on the provincial Centris database of real estate brokers.

“Dealing activity remained at historically high levels in Quebec City in April, contributing to a continued decline in the number of active listings. The overheating of the market is in full swing, particularly in the category of condominiums in the urban agglomeration of Québec, accelerating the price catch-up process for this sector and this category: a 17% increase in the median price was recorded there, which is unprecedented since the Centris system for real estate brokers compiles market data,” said Charles Brant, director of the APCIQ’s market analysis department. “We can clearly see that the dynamics of the Quebec market are different from those of Montreal, where activity is starting to run out of steam. In fact, household purchasing power is significantly lower in Quebec City, with the average price of a house in Quebec representing less than two-thirds of the average price of a house in Montreal at a comparable average income level. New buyers will therefore be less sensitive to rising interest rates in Quebec City than in Montreal,” he adds.

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Further information:

Detailed and cumulative
statistics for the
Province
and regions

If you would like additional information from the Market Analysis Service, such as specific data or regional real estate market details, please write U.S.

About the Professional Association of Quebec Real Estate Brokers

The Professional Association of Quebec Real Estate Brokers (APCIQ) is a non-profit association that brings together more than 14,000 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 files, 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 his activities on qpareb.ca or via its social media pages: Facebook, LinkedIn, Twitter and Instagram.

About Centris

Centris is a dynamic and innovative technology company in the real estate sector. It collects data and offers solutions very suited 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
[email protected]

Image bank (QPAREB credit) available free of charge.

An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f1c4f57-94e7-4c6e-8867-54ac75c2c5b2


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