The real estate market has fluctuated significantly in recent years, but the context differs according to the regions of Quebec observed. In fact, the main metropolitan areas of the province, namely Quebec, Sherbrooke, Saguenay, Trois-Rivières and Gatineau, present particular portraits in the real estate sector.
To all lord, all honor, take a look at the state of health of the Capital – National real estate. According to the Quebec Real Estate Board, buyers will be spoiled for choice at the beginning of 2014, as the number of listings is on the rise.
In the month of January alone
306 single-family homes changed hands and the median price was $ 238,000, down 1% from the same period in 2013. With respect to the condominium sector, 96 sold in January, a decrease of 20% compared to last year. The median price was $ 200,000, also down
1%. Despite these small decreases in property prices, the Quebec Federation of Real Estate Boards (QFREB) is forecasting market stability in the Quebec City region over the next year. Sellers will have to be patient while buyers will have the opportunity to shop more.
Let’s go now to the Gatineau region to see the state of the real estate market. The context is similar to that of the Quebec City region, as the market should reach a certain stability and even slow down slightly in 2014, according to the Canada Mortgage and Housing Corporation (CMHC).
number of real estate transactions should increase by 4% (3,775 sales) this year, a growth that nevertheless remains well below the average of the last ten years. As a result, new listings are expected to increase in 2014 in Gatineau, but sales growth will be moderate, which will help slow the growth in the number of homes on the market in 2014. Average property prices are expected to increase slightly to 1.6 % with an average price of around $ 247,000.
Sherbrooke’s housing market is one of the least affordable in the country and compares very well with that of Vancouver, which is known to be a crazy market, “said Yves St-Maurice, Senior Director and Deputy Chief Economist at Desjardins Group. In fact, Sherbrooke stands out from other metropolitan areas, while prices jumped 9.9% in 2013.
According to the latest report of the Quebec Federation of Real Estate Boards (QFREB), 1,580 sales of residential properties were concluded. in the metropolitan area of Sherbrooke between January and November 2013. This is a decrease of 8% over the previous year. Forecasts for 2014 are gradually moving towards a balance between supply and demand.
Region of Trois-Rivières
The number of residential properties offered in the Trois-Rivières real estate market increased sharply with a 15% increase in 2013. This is the fourth consecutive annual increase in supply in the region.
With respect to the median price, single-family prices decreased by 1% to $ 149,000 in 2013, which is consistent with changes in market conditions that have become balanced, while Trois-Rivières salespeople, The median price of plexes has increased by 1% to $ 148,250, while that of condominiums has reached $ 134,750, up 5%.
In the fourth quarter of 2013, 165 residential properties changed hands in the Trois-Rivières region, compared with 187 in the fourth quarter of 2012, the lowest number of transactions for a fourth quarter since at least 2000. This decrease in sales was accompanied by a median single-family price stability of $ 148,000 in the fourth quarter of 2013, similar to the fourth quarter of 2012 ($ 149,000).