The province of Québec registered a seventh consecutive increase in residential sales in November. More than 6,380 transactions were concluded, a 9 per cent increase compared to November of last year. These figures come from the Québec Federation of Real Estate Board’s (QFREB) most recent statistics, based on the real estate brokers’ Centris® provincial database.
Condominiums led the way once again, as sales of this property category jumped by 20 per cent compared to November of last year. Since January 1, 17,011 condominium transactions have been registered. Even before we can add the last month of the year, this number of transactions has already surpassed the previous record for annual condominium sales, which was set in 2011 (16,655 sales for the entire year). Despite this significant growth, condominium prices have remained very stable across the province. On the other hand, single-family home prices continued their long ascent, rising by 4 per cent in November 2017 compared to November 2016.
As for the province’s Census Metropolitan Areas (CMAs), Saguenay (19 per cent), Trois-Rivières (24 per cent), Gatineau (10 per cent) and Montréal (12 per cent) all registered an increase in residential sales in November, while sales in Sherbrooke and Québec City were stagnant.