Record Number of Sales on Québec’s Residential Real Estate Market in the 2nd Quarter of 2017

The QFREB has released its most recent residential real estate market statistics for the province of Québec, based on the real estate brokers’ Centris® provincial database. In total, 25,638 sales were concluded in the second quarter of the year, a 4 per cent increase compared to the second quarter of last year. This was the 12th consecutive quarterly increase in sales and a new second-quarter sales record.

Check out the QFREB Barometers

The QFREB Barometers provide an overview of the residential real estate market across the province and in each of its six metropolitan areas. Click here to subscribe to the Barometer and be notified of each issue.

More Than Three out of Four Consumers Sell Their Property Through a Real Estate Broker 

The QFREB estimates that three out of four residential real estate resales in Québec are concluded through the Centris® provincial collaborationsystem used by real estate brokers. The share of Centris® sales has grown steadily from about 70 per cent in 2013 to 75 per cent today. Click here to access the QFREB’s press release.

Residential Sales Across Québec Were Up 6% in the 1st quarter of 2017

Despite the mortgage tightening measures in effect since last fall, the year 2017 got off to a good start as residential sales across Québec were up 6 per cent in the first quarter, as compared to the first quarter of last year. In total, 21,494 sales were registered in the real estate brokers’ Centris® provincial collaboration system in the first quarter of 2017, the best first-quarter result in five years. For full details, read the QFREB’s Barometer.

The High-end Residential Real Estate Market is on a Roll 

The province’s residential real estate market is currently enjoying strong momentum in the higher price ranges. Over the last 12 months, the number of properties sold at $500,000 or more increased by 20 per cent for single-family homes and by 33 per cent for condominiums. Click here to read the Word From the Economist.