CENTRIS


Associated tags: CMA, Estate agent, Sale, Property management, Cryptocurrency, Real estate, Quebec City, Island, Greater Montreal

Locations: QUEBEC

Montreal Resale Market Turns Around Earlier Than Anticipated

Retrieved on: 
Wednesday, March 6, 2024

L’ÎLE-DES-SOEURS, Quebec, March 06, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of February 2024. The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.

Key Points: 
  • Prices steadily climbing while market conditions continue to favour sellers despite an 18 per cent increase in total listings.
  • The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • The median price increases were more pronounced for Vaudreuil-Soulanges (+11 per cent) and the South Shore of Montreal (+9 per cent).
  • The Island of Montreal, Laval, the North Shore of Montreal and Saint-Jean-sur-Richelieu follow with a similar increase of 5 per cent.

An Early Spring for Quebec City: Sales and Prices Are Up in February

Retrieved on: 
Wednesday, March 6, 2024

The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.

Key Points: 
  • The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • Residential sales in the Quebec City CMA territory totalled 967 in February 2024.
  • The South Shore of Quebec City (190 sales) follows with a significant increase of 19 per cent.
  • The median price of single-family homes in Quebec City’s Northern Periphery reached $377,000, up sharply by 14 per cent.

Quebec City Real Estate Market: Demand for Condominiums Up Sharply in January

Retrieved on: 
Tuesday, February 6, 2024

QUEBEC CITY, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of January 2024. The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.

Key Points: 
  • QUEBEC CITY, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of January 2024.
  • The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • “At first glance, the 16 per cent jump in sales in the Quebec City region is comparable to the provincial average for January.
  • The median price of single-family homes in the Northern Periphery of Quebec City reached $395,000, up significantly by 12 per cent.

Montreal’s Resale Market Starts 2024 on Strong Note

Retrieved on: 
Tuesday, February 6, 2024

L'ILE-DES-SOEURS, Quebec, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of January 2024. The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.

Key Points: 
  • L'ILE-DES-SOEURS, Quebec, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of January 2024.
  • The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • Note that this level of transactional activity is lower than the historical average recorded for this time of year since the Centris system began compiling market data in 2000.
  • This has been beneficial for the real estate market,” notes Charles Brant, QPAREB Market Analysis Director.

Stabilization of the Real Estate Market in 2024, Laying the Foundation for a Market Recovery Under More Balanced Conditions

Retrieved on: 
Thursday, December 14, 2023

Despite a more tangible return of residences to the market, conditions should generally remain below or at the balanced market threshold, depending on the region.

Key Points: 
  • Despite a more tangible return of residences to the market, conditions should generally remain below or at the balanced market threshold, depending on the region.
  • The years 2022 and 2023 were characterized respectively by a cooling market and post-pandemic normalization against a backdrop of rapidly rising interest rates.
  • An increase in new listings is expected, which will allow the market to benefit from more balanced conditions.
  • Despite 2022’s rapid rise in interest rates, 2023 was marked by the resilience of Quebec’s resale real estate market.

An Active August in Quebec City Despite Changing Conditions in the Northern Periphery

Retrieved on: 
Thursday, September 7, 2023

The Quebec City market continues its strong transactional performance, despite the decline in sales in the Northern Periphery of the Quebec City CMA.

Key Points: 
  • The Quebec City market continues its strong transactional performance, despite the decline in sales in the Northern Periphery of the Quebec City CMA.
  • The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • The Northern Periphery of Quebec City experienced a notable drop of 22 per cent, down to a total of 57 sales.
  • The Northern Periphery of Quebec City posted a 7 per cent increase.

Market Stabilization Continues in August, Prices Remain Resilient

Retrieved on: 
Thursday, September 7, 2023

L’ÎLE-DES-SŒURS, Quebec, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of August 2023. The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.

Key Points: 
  • Prices are holding close to the 2022 peak, largely recovering the ground lost in the second half of 2022.
  • The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • While August 2023 is no exception to the rule, the number of sales is in line with the historical average.
  • In a context where interest rates and prices both remain at high levels, a potential deterioration of the job market in the coming months could make this market stabilization more precarious.”
    Sales of residential properties are developing according to three trends in the main metropolitan areas of the Montreal CMA.

Centris Residential Sales Statistics – Second Quarter 2023

Retrieved on: 
Thursday, July 13, 2023

L’ÎLE-DES-SŒURS, Quebec, July 13, 2023 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its quarterly residential real estate market statistics for the province of Quebec, based on the real estate brokers’ Centris provincial database.

Key Points: 
  • Province-wide, residential sales reached 23,550 in the 2023 second quarter, down 13 per cent from the same quarter in 2022.
  • Residential sales in the Montreal CMA stood at 11,795 in the 2023 second quarter.
  • The Quebec City CMA recorded 2,440 residential sales in its territory during the 2023 second quarter.
  • The Saguenay CMA posted 419 residential sales in its territory during the 2023 second quarter.

The Latest Interest Rate Hike Dampens Market Momentum As Summer Approaches

Retrieved on: 
Thursday, July 6, 2023

Properties for sale on the market continue to accumulate, but at a slower rate due to few new listings.

Key Points: 
  • Properties for sale on the market continue to accumulate, but at a slower rate due to few new listings.
  • The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • “The spring started with a note of optimism for both buyers and sellers since the Bank of Canada had decided to stop raising its key interest rate after nine consecutive rate hikes.
  • Combined with the effect of buyers returning to the market, May saw a significant upturn in transactional activity,” notes Charles Brant, QPAREB Market Analysis Director.

Strong yet Serene Start to the Summer for the Quebec City Market

Retrieved on: 
Thursday, July 6, 2023

QUEBEC CITY, July 06, 2023 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of June 2023.

Key Points: 
  • QUEBEC CITY, July 06, 2023 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of June 2023.
  • The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • The Quebec City CMA posted 744 residential sales during the month of June 2023.
  • The average selling time in the three property categories is higher than that observed a year ago in the Quebec City CMA market.