Quebec Real Estate Sales Breaks Record

A total of 31,899 residential sales transactions were concluded in the province of Quebec for the second quarter of 2021, a 45 per cent increase compared to the second quarter of 2020, when sales were severely hampered by the pandemic and fell by 24 per cent. The number of transactions in this quarter represents a new second-quarter sales record. By property category, sales of single-family homes increased by 28 per cent, with a total of 19,842 transactions in the second quarter of the year. This is similar to the 19,327 transactions that were concluded in the second quarter of 2019. Single-family home sales fell by 20 per cent in the second quarter of 2020. Condominium sales jumped 76 per cent with a total of 8,377 transactions. This property category registered a substantial decline in the second quarter of last year, falling by 34 per cent from the 7,230 sales that were concluded in 2019. Plex sales were particularly strong in Quebec in the second quarter with a total of 3,505 transactions, a 119 per cent jump compared to the second quarter of last year. Due to the pandemic, plex sales fell by 33 per cent in the same quarter last year, dropping from 2,391 sales in 2019 to 1,604 sales in 2020. Active listings in the province continued to decline sharply in the quarter, reaching 26,817, a 36 per cent drop compared to the second quarter of last year.