To ensure that your decisions are well informed, whether you are buying or selling a property, we take the time to regularly compile statistics from our markets and analyze them for you.
Market Statistics
The slowdown in the real estate market continued in April, but the market remains very active.
For the province of Quebec as a whole:
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The number of sales recorded in April 2022 decreased by 25.2% compared to April 2021;
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Property transfers totalled 21,835, representing a decrease of 21.5%;
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The number of mortgages also declined by 14.7%;
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The financial hardship index decreased by 15.6%.
It is worth noting that real estate market activity remains elevated compared to the same period in 2020, prior to the acceleration observed beginning in July 2020. For sales and property transfers, this represents growth of 30.5% and 41.5% respectively, and for mortgages, an increase of 18.2%.
On a regional scale:
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In terms of sales, a decline in the number of recorded sales was observed across all regions.
By selling price range:
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In the "Less than $250,000" category, the Laval region ranked first despite a decline of 25.2%;
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In the "$250,000 to $500,000" category, with 36 sales recorded in April compared to 25 during the same period last year, the Gaspésie–Îles-de-la-Madeleine region ranked first with an increase of 44%;
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The number of sales over $500,000 increased by 8.1%. With 32 sales recorded compared to 20 in April 2021, the Bas-Saint-Laurent region ranked first with an increase of 60%.
As for the mortgage market, a decline was observed across all regions, with decreases ranging from 8.2% in the Centre-du-Québec region to 23.4% in the Gaspésie–Îles-de-la-Madeleine region.