Le Lézard

Window on the Real Estate Market for the Quebec City CMA: September Confirms a Gradual Slowdown of the Quebec City Market

QUEBEC CITY, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of September. The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers' Centris provincial database.

"Although down from the same period last year, the Quebec City market saw solid activity in September, which compares favourably to 2019. As for active listings, they were still down compared to last year, bucking the provincial trend. While it is true that the number of properties put up for sale has been on the rise over the past four months, this has been gradual, with market conditions still particularly tight in favour of sellers," observes Charles Brant, Director of the QPAREB's Market Analysis Department. "The level of activity in the condominium category appears to be limited more by the steady decline in the number of active listings than by the price level reached. In general, the impact of the latest interest rate hikes has not, for the time being, been noticeably reflected in the market, which has only seen slight price declines over the past two months."

October Highlights

Additional information:

Detailed and cumulative statistics for the province and regions

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 14,000 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 has its head office in Quebec City, administrative offices in Montreal and a regional office in Saguenay. It has two subsidiaries: Société 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.

About Centris

Centris is a dynamic and innovative technology company in the real estate sector. It collects data and offers solutions that are highly adapted to the needs of professionals. Among these solutions is Centris.ca, the most visited real estate website in Quebec.

For more information:

Marie-Rose Desautels
Morin Relations Publiques

Image bank (credit QPAREB) available free of charge.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ae79dc3-edb0-4b05-8bbe-bd88d3862432

News published on 5 october 2022 at 13:20 and distributed by: