Real Estate News

  • Market Conditions Tighten to Historic Levels Throughout the Montreal Metropolitan Area.

    L’Île-des-Sœurs, July 5, 2019 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.

    In total, 4,339 residential sales were concluded in June 2019, a 7 per cent increase compared to June of last year.

    “The last time market conditions were this tight was back in June 2005. The number of months needed to absorb the inventory of properties for sale currently sits at only 5 months or so, and this applies to all areas of the Montreal CMA,” said Nathalie Bégin, president of the QPAREB board of directors. “These conditions can be explained by sustained sales levels coupled with the 45th consecutive monthly drop in the number of active listings. This has also led to a general acceleration in price growth, particularly in the areas on the periphery of the Island of Montreal,” she added.

    Sales by geographic area

    • Five of the six main areas of the Montreal CMA registered an increase in sales in June.
    • The largest increases were in the areas of Saint-Jean-sur-Richelieu and the North Shore, where sales rose by 16 and 12 per cent respectively.
    • The South Shore (+10 per cent), Laval (+5 per cent) and the Island of Montreal (+5 per cent) also registered solid increases.
    • The only area to post a decrease in sales in June was Vaudreuil-Soulanges (-11 per cent).

    Sales by property category

    • The most dynamic property categories in June were condominiums, with a 13 per cent jump in sales, and plexes (2-5 dwellings), with an 8 per cent increase.
    • Sales of single-family homes rose by 3 per cent. However, this property category represents more than 50 per cent of all sales in the Montreal CMA. In June, 2,335 single-family homes were sold, compared to 1,563 condominiums and 438 plexes.

    Prices

    • The median price of single-family homes across the CMA stood at $352,250 in June, an 8 per cent increase compared to June of last year. This was the largest monthly increase in the last 24 months, although the median price of single-family homes also rose by 8 per cent in December of 2018.
    • As for condominiums, despite a significant increase in sales, condo prices increased only slightly compared to June of last year with a median price of $261,000 (+2 per cent). However, Laval stood out with a sharp increase in the median price of condominiums, jumping by 12 per cent year over year.
    • The median price of plexes registered a solid increase of 6 per cent to reach $539,000. Notable results were seen on the North Shore and the South Shore, where they rose by 25 and 18 per cent respectively.

    Number of properties for sale

    In June, there were 17,980 active residential listings in the Centris system, a 19 per cent decrease compared to June of last year.

    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 12,500 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 is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l’immobilier du Québec. Follow its activities at qpareb.ca or via its social media pages Facebook, LinkedIn and Twitter.

  • Les ventes résidentielles bondissent de 16 % en juin dans la RMR de Québec

    Québec, le 5 juillet 2019 – L’Association professionnelle des courtiers immobiliers du Québec (APCIQ) vient de publier les plus récentes statistiques du marché immobilier résidentiel de la région métropolitaine de recensement (RMR) de Québec, établies d’après la base de données provinciale Centris des courtiers immobiliers.

    Un total de 631 ventes ont été enregistrées au cours du mois de juin 2019, soit une hausse de 16 % par rapport au même mois l’an dernier.

    « C’est le troisième mois consécutif où le nombre de ventes enregistre une progression mensuelle supérieure à 10 % dans la région métropolitaine de Québec, une première depuis 2005. C’est le signe que la reprise de l’activité est bien engagée. La progression du prix médian des résidences unifamiliales et des copropriétés témoigne de cette reprise du marché, à l’image de la vigueur du marché de la revente à l’échelle provinciale », note Nathalie Bégin, présidente du conseil d’administration de l’APCIQ.

    Variation des ventes par secteurs

    • En juin, la croissance des ventes des principaux secteurs de la RMR de Québec a continué sur sa lancée. Ce regain d’activité plus constant observé depuis le début du printemps fait écho à des signes de reprise clairs qui se sont manifestés dès la fin de l’année 2018.
    • L’Agglomération de Québec enregistre encore une hausse importante de ses ventes (+16 %).
    • Les ventes dans la Périphérie Nord de Québec ont bondi de 22 %.
    • La Rive-Sud de Québec, quant à elle, a vu ses ventes croître de façon soutenue au cours du mois de juin (+14 %).

    Statistiques par catégories de propriétés

    • Les ventes de maisons unifamiliales ont encore cru de façon notable en juin (+11 %) avec un niveau de transactions affichant 435 unités. Au cours du mois, on dénombrait 4 611 inscriptions en vigueur, soit un niveau légèrement inférieur à celui de juin 2018 (-2 %).
    • Les ventes de copropriétés, avec 141 transactions, ont quant à elles vu leur croissance rapide se confirmer avec une progression de 27 % par rapport à juin 2018. Le délai de vente moyen est descendu à 162 jours en juin.
    • Dans le segment des plex de deux à cinq logements, les ventes ont continué leur ascension avec une croissance de 38 %, représentant 55 unités. Les inscriptions en vigueur étaient toutefois en hausse de 8% à 634 unités contre 588 un an auparavant.

    Au chapitre des prix

    • Toujours à l’échelle de la RMR, le prix médian des unifamiliales a augmenté de 5 % par rapport à juin 2018 pour s’établir à 267 000 $.
    • Le prix médian des copropriétés a également augmenté de 4 % à 203 500 $ dans la RMR de Québec. L’essentiel des transactions (126) s’est effectué dans l’Agglomération de Québec, où le prix médian a atteint 207 450 $, soit une augmentation de 3 % par rapport à l’année dernière.
    • Le prix médian des plex de deux à cinq logements est le seul à avoir connu une baisse (-11 %) à 297 500 $ comparé à juin 2018.

    Nombre de propriétés à vendre

    En juin, on dénombrait 7 642 inscriptions résidentielles en vigueur dans la RMR de Québec, soit un niveau à peine inferieur (-1 %) à celui qui prévalait au même mois l’année précédente.

    À propos de l’Association professionnelle des courtiers immobiliers du Québec

    L’Association professionnelle des courtiers immobiliers du Québec (APCIQ) est une association à but non lucratif qui regroupe plus de 12 500 courtiers immobiliers et agences immobilières. Elle est responsable de promouvoir et de défendre leurs intérêts en tenant compte des enjeux auxquels est exposée la profession et des diverses réalités professionnelles et régionales de ses membres. L’APCIQ est également un acteur important dans plusieurs dossiers immobiliers, incluant la mise en place de mesures favorisant l’accès à la propriété. L’Association diffuse des statistiques sur le marché immobilier résidentiel au Québec, offre de la formation, des outils et des services liés au domaine de l’immobilier et facilite la collecte, la diffusion et l’échange d’information. L’APCIQ a son siège social à Québec et des bureaux administratifs à Montréal et possède deux filiales, soit la Société Centris inc. et le Collège de l’immobilier du Québec. Suivez ses activités sur apciq.ca ou par l’entremise des réseaux sociaux Facebook, LinkedIn et Twitter.

  • Julie Saucier Appointed President and Chief Executive Officer of the Quebec Professional Association of Real Estate Brokers

    L’Île-des-Sœurs, June 7, 2019 – The Quebec Professional Association of Real Estate Brokers (QPAREB) announces the appointment of Julie Saucier as president and chief executive officer. Ms. Saucier succeeds Éric Charbonneau, who headed the QPAREB since its creation on January 1, 2019. Mr. Charbonneau will resume his full-time duties as president of Société Centris inc., the Association’s technology subsidiary.

    Julie Saucier holds a bachelor’s degree in urban planning from the Université de Montréal and is known for her extensive management experience and her ability to build strong and efficient teams. She has worked in the insurance industry for over 20 years with companies such as Travelers Canada, Blue Cross and TD Insurance Meloche Monnex. Prior to joining the QPAREB, Ms. Saucier was executive director of the Institut d’assurance de dommages du Québec.

    “The QPAREB board of directors is extremely proud to have someone of Ms. Saucier’s calibre lead our organization,” said Nathalie Bégin, president of the board of directors. “Ms. Saucier is a sharp and strategic thinker, and she is eager to put her talents to work in the real estate industry.”

    Julie Saucier began her new position on June 3, 2019.

    About the Quebec Professional Association of Real Estate Brokers

    The Quebec Professional Association of Real Estate Brokers is a non-profit association that brings together more than 12,500 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 Association is also an important advocate for the implementation of measures that promote homeownership. It provides training, tools and services relating to real estate and facilitates the collection, dissemination and exchange of real estate information. The Association is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l’immobilier du Québec.

  • Trust in Real Estate Brokers has Increased Significantly

    L’Île-des-Sœurs, May 22, 2019 – In Quebec, 82 per cent of residents who intend to buy or sell a house in the coming year plan to use the services of a real estate broker, according to a recent survey conducted by Léger and released this morning by the Quebec Professional Association of Real Estate Brokers (QPAREB). This is an increase of more than 20 percentage points compared to the statistics collected in 2013 (60 per cent).

    The data also show that the level of trust in real estate brokers and the perceived value of their services have increased significantly. Furthermore, Quebecers are now more fearful than before of buying or selling a property without assistance. In fact, Quebecers’ confidence in buying or selling their home without the help of a broker decreased by nearly 7 per cent and 10 per cent respectively in 2019 compared to 2013.

    In Montreal, 98 per cent of residents who used the services of a real estate broker in 2019 say they were successful in selling their home. “This success demonstrates the relevance of doing business with a professional when buying or selling a home, as it can create a lot of stress for a lot of people,” said Nathalie Bégin, President of the Association’s Board of Directors. In addition, 78 per cent of Quebecers agree that doing business with a real estate broker reduces stress and provides peace of mind.

    “Quebecers also believe that a real estate broker’s expertise provides many advantages when selling or buying a home,” said Sylvain Gauthier, Vice-President, Communications and Public Affairs at Léger. “Their understanding of the market and their ability to manage all the paperwork that needs to be filled in contributes to their level of expertise. Real estate brokers are surrounded by a team of professionals that they can refer to at any time, and they understand the administrative and legal details relating to the sale or purchase of a property,” he added.

    “We are pleased to see that 93 per cent of residents of the Greater Montreal area say they are satisfied with the work that was done by their real estate broker when selling their home,” said Ms. Bégin. “Brokers’ skills, their contribution to the sale or purchase of a home, and the achievement of expected results have certainly contributed to the increase in trust that consumers have in brokers,” she added.

    According to the survey conducted by Léger, it is interesting to note that Quebecers’ satisfaction with the work of real estate brokers during the sale of a property has improved in several respects since 2013:

    • the broker knew the laws and regulations relating to the sale of the property – 87 per cent in 2019 versus 83 per cent in 2013;
    • the broker obtained the best possible price – 75 per cent in 2019 versus 71 per cent in 2013;
    • the broker properly and objectively assessed the property (using comparable sold properties, for example) – 81 per cent in 2019 versus 76 per cent in 2013.

    About the Quebec Professional Association of Real Estate Brokers

    The Quebec Professional Association of Real Estate Brokers is a non-profit association that brings together more than 12,500 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 Association is also an important advocate for the implementation of measures that promote homeownership. It provides training, tools and services relating to real estate and facilitates the collection, dissemination and exchange of real estate information. The Association is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l’immobilier du Québec.

  • Residential Sales in the Montreal CMA Increase for a 50th Consecutive Month in April

    L’Île-des-Sœurs, May 2, 2019 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.

    In total, 5,973 residential sales were concluded in April 2019, a significant increase of 11 per cent compared to April of last year. This was also the 50th consecutive monthly increase in sales.

    Sales by geographic area

    • All six areas that make up the Montreal CMA registered an increase in sales in April.
    • The South Shore led the way with an 18 per cent jump in sales, followed by the North Shore (+16 per cent), Saint-Jean-sur-Richelieu (+13 per cent), Vaudreuil-Soulanges (+10 per cent), the Island of Montreal (+6 per cent) and Laval (+1 per cent).

    Sales by property category 

    • Sales also increased for all property categories across the Montreal CMA. Condominium sales rose by 17 per cent, while plex sales increased by 12 per cent and single-family homes by 6 per cent. 

    Prices 

    • Plexes (2 to 5 dwellings) registered the largest increase in median price, jumping by 8 per cent to reach $540,000.
    • The median price of condominiums grew by 6 per cent to reach $260,000.
    • The median price of single-family homes stood at $330,000, a 4 per cent increase.

    Number of properties for sale

    In April, there were 21,111 active residential listings in the Montreal CMA, a 17 per cent decrease compared to one year earlier.

    “The drop in the number of active listings has created a situation of scarcity, which therefore puts upward pressure on prices,” said Nathalie Bégin, President of the QPAREB. “We see that market conditions have tightened again for single-family homes and condominiums, and have remained unchanged for plexes,” she added.

    About the Quebec Professional Association of Real Estate Brokers

    The Quebec Professional Association of Real Estate Brokers is a non-profit association that brings together more than 12,500 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 Association is also an important advocate for the implementation of measures that promote homeownership. It provides training, tools and services relating to real estate and facilitates the collection, dissemination and exchange of real estate information. The Association is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l’immobilier du Québec.

  • Nathalie Bégin Appointed President of the Board of Directors of the Quebec Professional Association of Real Estate Brokers

    L’Île-des-Sœurs, April 26, 2019 – The Quebec Professional Association of Real Estate Brokers (QPAREB) announces the appointment of Nathalie Bégin as President of its 2019-2020 board of directors. Ms. Bégin has over 30 years of real estate experience, including 20 years as a real estate broker.

    Ms. Bégin was a member of the board of directors of the Greater Montreal Real Estate Board (GMREB) since 2012 and was named president in 2018. She was co-president of the QPAREB’s transitional board of directors since its creation on January 1, 2019, following the merger of the GMREB and the Quebec City and Laurentides real estate boards. Ms. Bégin also sits on the Board of Directors of the Regroupement des gestionnaires et copropriétaires du Québec (RCGQ), a role she has held since 2016.

    “I am pleased to have the confidence of my colleagues and I am excited to take on this new role within the Association,” said Ms. Bégin. “There are several major projects ahead of us and I look forward to aligning our efforts in order to promote the real estate brokerage profession and serve the interests of our members, particularly in a context where real estate transactions are increasingly complex and consumers have every advantage in teaming up with a real estate broker,” she added.

    Anouk Vidal Appointed Vice-President

    The board of directors also appointed Anouk Vidal as Vice-President of the QPAREB board of directors. Ms. Vidal has more than 10 years of experience as a real estate broker. She was a member of the board of directors of the Chambre immobilière des Laurentides since 2011 and became president of the board in 2018. Until recently, she was co-president of the QPAREB’s transitional board of directors. She also sits on the board of directors of the Collège de l’immobilier du Québec and has been a member of the OACIQ’s Discipline Committee since 2014.

    2019-2020 QPAREB Board of Directors

    Nathalie Bégin, President - Laval

    Anouk Vidal, Vice-President - Laurentides

    Ginette Beardsell - Montreal

    Éric Bilodeau - Lanaudière

    Martin Bilodeau - Montérégie

    Sylvie Blouin - Montérégie

    Robert Bouchard - Lanaudière

    Serge Brousseau - Montreal

    Bertrand Côté - Chaudière-Appalaches

    Daniel Dagenais - Montreal

    Michèle Fournier - Capitale-Nationale

    Fadi Kaouk - Montreal

    Éric Léger - Laurentides

    Christiane St-Jean - Chaudière-Appalaches