December 5, 2022
Prices Are Holding Up in the Face of a Drop in Sales
According to data compiled by the Quebec Professional Association of Real Estate Brokers (QPAREB), 5 958 transactions were recorded in the province of Quebec in November 2022, a decrease of 31 per cent. Active listings are up 40 per cent and new listings increased by 2 per cent compared to November 2021.
Regarding the median price, the largest change was for plexes, which decreased by 17 per cent. The median price of single-family homes increased by 1 per cent, as did that of condominiums.
Here are the November 2022 median prices for a single-family home in the 6 CMAs along with the variation from November of last year.
- Montréal : $520,000 (-1 per cent)
- Gatineau : $420,000 (-1 per cent)
- Québec : $345,000 (+11 per cent)
- Sherbrooke : $345,000 (+5 per cent)
- Saguenay : $256,750 (+23 per cent)
- Trois-Rivières : $287,000 (+22 per cent)
For more detailed statistics, click here.
See also:
First-time homebuyers: What are the costs to expect in the first year?