Quebec City, January 5, 2021 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area (CMA) for the month of December, based on the real estate brokers’ Centris provincial database.
“A record number of 900 sales were concluded in December, largely surpassing the record that was set in 2019 for the same period. At this frenetic pace, market conditions continue to tighten rapidly in favour of sellers, resulting in price increases that have not been seen in 10 years, with the exception of condominiums,” said Charles Brant, director of market analysis at the QPAREB.
- Residential sales up by 44 per cent in December, a new record in terms of the number of transactions.
- Record-setting sales increases in all areas of the Quebec City CMA, especially the Northern Periphery with an impressive increase of 66 per cent. This was followed by the Agglomeration of Quebec City (+45 per cent) and the South Shore (+25 per cent).
- All property categories posted record sales increases for a month of December: plexes (+ 61 per cent), condominiums (+53 per cent) and single-family homes (+38 per cent).
- Active listings registered a historic decline for a ninth consecutive month for single-family homes (‑54 per cent) and plexes (-41 per cent). Active condominium listings fell by 25 per cent.
- Median prices reached new highs: $367,500 for plexes (+25 per cent) and $283,000 for single-family homes (+11 per cent). Condominiums, whose market conditions are more balanced, continued their slow catch-up, registering a median price of $190,000 (-3 per cent).
If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please 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 that brings together more than 13,000 real estate brokers and agencies. It is responsible for promoting and defending their interests while taking into account the issues facing the profession and the various professional and regional realities of its members. The QPAREB is also an important player in many real estate dossiers, including the implementation of measures that promote homeownership. The Association reports on Quebec’s residential real estate market statistics, provides training, tools and services relating to real estate, and facilitates the collection, dissemination and exchange of information. The QPAREB is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l’immobilier du Québec. Follow its activities at qpareb.ca or via its social media pages: Facebook, LinkedIn, Twitter and Instagram.
Société Centris provides real estate industry stakeholders with access to real estate data and a wide range of technology tools. Centris tools are used by close to 14,000 real estate brokers, as well as other industry professionals. Centris also operates Centris.ca, the most visited real estate website in Quebec.
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