December Sales Strong In Quebec City

Residential sales in the Quebec City Census Metropolitan Area (CMA) for the month of December were up 44 per cent compared to December 2019, a new record in terms of the number of transactions, says the Quebec Professional Association of Real Estate Brokers (QPAREB). There were record-setting sales increases in all areas of the Quebec City CMA, especially the northern periphery with an impressive increase of 66 per cent. All property categories posted record sales increases for a month of December with plexes up 61 per cent year-over-year, condominiums up 53 per cent, and single-family homes up 38 per cent. “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,” says Charles Brant, director of market analysis at the QPAREB.