Le Baromètre MLS® du marché résidentiel · 2019. 7. 25. · properties for sale, including Amos...

®

Highlights

Residential Sales Decrease Slightly in Québec in 2014

Bleak Employment Levels and Consumer Confidence

Agglomerations Post Better Results

A Market That Favours Buyers and More Moderate Price Increases

Sales Increase in Fourth Quarter of the Year

Residential MarketBarometer

QFR

EB

Province of Québec

Analysis

After falling by 8 per cent in 2013, residential sales decreased once again in Québec in 2014. In total, 70,686 transactions were concluded through the real estate brokers’ Centris® provincial database in 2014, a slight 1 per cent drop compared to 2013. It should be noted, however, that there were two phases to the province’s real estate market in 2014: sales decreased in the first two quarters of the year, but then increased in the third and fourth quarters.

The increases in the second half of the year fully offset the losses registered in the first two quarters for both single-family homes and plexes. In total, 49,857 single-family homes changed hands in 2014, a level that is stable compared to 2013. Plex sales, which had declined for the past four years, also remained virtually unchanged in 2014 compared to 2013, with a total of 6,032 transactions. However, despite increases in the last two quarters of the year, condominium sales registered a 2 per cent decrease in 2014, with a total of 14,423 transactions.

Bleak Employment Levels and Consumer Confidence

The labour market in Québec experienced a significant slowdown in 2014, particularly for full-time jobs, which have a more direct impact on the housing market. In 2014, a total of 33,400 full-time jobs were lost compared to 2013, which more than offset the gain of 31,100 part-time jobs that were created during the same period1. With these results, it is no surprise that consumer confidence also decreased. The overall consumer confidence index in Québec, which finished at 75 points in 2013, stood at 63 points in the fourth quarter of 2014. In addition, the proportion of Québec households that felt it was a good time to make a major purchase, such as a home, fell from 43 per cent in the fourth quarter of 2013 to 38 per cent in the fourth quarter of 2014. Thus, the historically low interest rates were not enough to put the province’s real estate market on a path of growth in 2014.

Agglomerations Post Better Results

In 2014, most of the province’s agglomerations registered an increase in residential sales that was higher than the provincial average. The agglomerations of Val d’Or, Montmagny, Thetford Mines and Rouyn-Noranda stood out with increases of 42 per cent, 25 per cent, 21 per cent and 19 per cent, respectively. As for the Census Metropolitan Areas (CMAs), only Trois-Rivières and Québec City managed to register increases, at 21 per cent and 3 per cent, respectively. The other CMAs registered decreases ranging from 1 to 6 per cent. The largest decreases were observed in the agglomerations of Baie-Comeau, Alma, Mont-Laurier and Rawdon, with drops of 22 per cent, 14 per cent, 11 per cent and 1 Source: Statistics Canada

10 per cent, respectively. We should mention that sales in the agglomerations of Rawdon and Baie-Comeau reached a peak in 2013. Similarly, 2013 was the second best year on record for sales in Mont-Laurier and third best year on record in Alma.

A Market That Favours Buyers and More Moderate Price Increases

For a fourth consecutive year, the number of active listings increased significantly in Québec, as an average of 77,938 residential properties were for sale by a real estate broker in 2014. This represents a 10 per cent increase compared to 2013. By property category, plex listings registered the largest increase at 13 per cent, while the number of single-family homes and condominiums for sale climbed by 11 per cent and 8 per cent, respectively. All three categories posted a record number of properties for sale, with single-family homes surpassing 50,000 listings.

The vast majority of the province’s urban centres registered an increase in the number of residential properties for sale, including Amos (+50 per cent), Val-d’Or (+42 per cent), Sept-Îles (+26 per cent) and Lachute (+25 per cent). Among the CMAs, Saguenay (+19 per cent) and Gatineau (+16 per cent) registered the largest increases in active listings in 2014. Only five agglomerations defied this upward trend: La Tuque (-9 per cent), Rimouski (-8 per cent), Montmagny (-4 per cent), Sainte-Marie (-1 per cent) and Charlevoix (-1 per cent), while supply remained stable in the agglomeration of Mont-Tremblant.

With the increase in the number of properties available and the slowdown in sales, market conditions have relaxed and now give buyers the upper hand in the vast majority of the province’s urban centres. This has particularly been felt in the evolution of prices, which are now progressing at a slower pace than in recent years. In 2014, only three of the province’s six CMAs registered an increase in the median price of single-family homes: Sherbrooke and Trois Rivières each registered an increase of 2 per cent while Montréal registered an increase of 1 per cent. For the province as a whole, the increase in median price was 1 per cent, reaching $227,000.

Sales Increase in Fourth Quarter of the Year

From October to December 2014, residential sales increased by 5 per cent in Québec compared to the same period in 2013, which represents the largest quarterly increase since the most recent tightening of mortgage insurance rules in 2012. The number of active listings rose by 10 per cent in the fourth quarter of 2014 and the median price of single-family homes remained stable at $225,000.

The agglomerations of Val d’Or, Montmagny, Thetford Mines and Rouyn-Noranda stood out with sales

increases of 42 per cent, 25 per cent, 21 per cent and 19 per cent, respectively.

The vast majority of the province’s urban centres registered an increase in the number of residential properties for sale, including Amos (+50 per cent),

Val-d’Or (+42 per cent), Sept-Îles (+26 per cent) and Lachute (+25 per cent). Among the CMAs, Saguenay (+19 per cent) and Gatineau (+16 per cent) registered

the largest increases in active listings in 2014.

There were two phases to the province’s real estate market in 2014: sales decreased in the first two

quarters of the year, but then increased in the third and fourth quarters.

Residential Sales Decrease Slightly in Québec in 2014

2

Source: Statistics Canada

Economic Indicators

(1) Variation from previous quarter

(2) Variation from the same quarter one year ago

(3) Mortgage rate offered by Canada’s main banks

(4) Measure used by the Bank of Canada to guide its decisions

(5) Proportion of people who responded “yes” to this question

(6) Seasonally adjusted

(7) The total also includes co-operative housing

(8) Centres with 10,000 or more habitants

Sources : Statistics Canada, Conference Board and CMHC

Note : Green arrows indicate good news and red arrows indicate bad news. The arrows indicate stability.

Monthly evolution of mortgage rates – 5-year term

Fourth Quarter 2014

Level

1-year term 3.14% 0.00 0.00

3-year term 3.44% -0.31 -0.51

5-year term 4.79% 0.00 -0.55

Level

Overall Consumer Price Index 1.9% -0.2

Bank of Canada's Core Consumer Price Index(4) 2.2% 0.2

Level

Overall 63 -13 -11

Good time to make a major purchase(5) 38% -7 -5

Niveau

Employment (in thousands)(6) 4,027.6 2.3 -23.6

Unemployment rate(6) 7.6% -0.2 0.1

Level

Total(7) 9,361 1%

Single-Family 2,826 -7%

Condominium 3,919 36%

Rental 2,533 -22%

Mortgage rates(3)

Variation (1)

Annual change (2)

Annual inflation rate (Canada)

Annual change (2)

Variation (1)

Annual change (2)

N/A

N/A

Consumer confidence level

Variation (1)

Annual change (2)

N/A

N/A

N/A

N/A

Labour market

Variation (1)

Annual change (2)

Housing starts (8)

Variation (1)

4.50

4.70

4.90

5.10

5.30

5.50

5.70

5.90

%

3

Map

Map of Urban Centres in the Province of Québec

*Statistics Canada definition, 2011 census

©2013 Québec Federation of Real Estate Boards. All rights reserved.

This map is protected by copyright and is the property of the Québec Federation of Real Estate Boards. Any use of this map, in whole or in part, directly or indirectly,

is expressly prohibited, unless prior written authorization is obtained from the copyright owner.

Click on the name of an urban centre in order to access the map and related data

4

*Census Metropolitan Areas

List of Areas

Mont-Tremblant

Rawdon

Rimouski

Rivière-du-Loup

Rouyn-Noranda

Saint-Georges

Saint-Hyacinthe

Saint-Jean-sur-Richelieu

Saint-Lin-Laurentides

Saint-Sauveur

Sainte-Adèle

Sainte-Agathe-des-Monts

Sainte-Marie

Salaberry-de-Valleyfield

Sept-Îles

Shawinigan

Sorel-Tracy

Val-d’Or

Victoriaville

Thetford Mines

CMAs*

Gatineau

Montréal

Québec City

Saguenay

Sherbrooke

Trois-Rivières

Agglomerations

Alma

Amos

Baie-Comeau

Cowansville

Drummondville

Granby

Joliette

Lachute

La Tuque

Matane

Mont-Laurier

Province of Québec

Click on the name of the desired urban center in order to access the map and related data

5

** Insufficient number of transactions to produce reliable statistics

Definitions and Explanatory Notes

Sociodemographic Profile of the Province of Québec

Population in 2011 7,903,001

Population change between 2001 and 2006 4.7%

Number of households in 2006 3,395,345

Population density per square kilometre 6

Proportion of owners 61%

Proportion of renters 39%

Source : Statistics Canada, 2011 Census

Source: QFREB by the Centris® system

Fourth Quarter 2014

Province of Québec

Sales 14,842 5%

New Listings 32,808 5%

Active Listings 76,783 10%

Volume (in thousands $) 4,060,262 7%

Sales 70,686 -1%




Table 1- Summary of Centris® Activity

Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 10,282 5% 49,857 0%

Active Listings 51,434 12% 52,139 11%

Median Price $225,000 0% $227,000 1% 16%

Average Price $263,926 1% $260,378 1% 18%

Average Days (days) 116 8 112 9

Sales 2,957 2% 14,423 -2%

Active Listings 18,231 6% 18,775 8%

Median Price $218,117 0% $215,000 1% 19%

Average Price $264,642 4% $252,298 2% 19%


Sales 1,517 15% 6,032 0%


Median Price $360,000 0% $350,000 1% 22%

Average Price $369,450 0% $357,418 1% 22%


Table 2 - Detailed Centris® Statistics per Property Category

Single-Family

Fourth Quarter 2014 Last 12 Months Past 5 years

Plex


Condominium


Evolution of Median Price

Single Family

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

2000 2002 2004 2006 2008 2010 2012 2014

Evolution of Centris® Sales

Total Residantial

30,000

40,000

50,000

60,000

70,000

80,000

90,000

2000 2002 2004 2006 2008 2010 2012 2014

6


List of Areas


Fourth Quarter 2014

Sociodemographic Profile of the Gatineau CMA

Population in 2011 314,501


Number of households in 2011 131,465






By category

Last 12 Months

Evolution of Market Conditions

Gatineau Metropolitan Area

Seller’s market

Balanced market

Sales 681 6%



Volume (in thousands $) 161,230 5%

Sales 3,338 -6%



Volume (in thousands $) 806,785 -6%


Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 550 11% 2,728 -4%


Median Price $216,000 -4% $227,000 -1% 18%

Average Price $237,026 -5% $246,369 -2% 17%


Sales 76 -25% 370 -19%

Active Listings 562 26% 562 19%

Median Price $174,950 8% $170,000 2% 18%

Average Price $185,592 2% $180,035 2% 20%

Average Days (days) 91 -15 98 6

Sales 55 28% 237 0%


Median Price $260,000 1% $262,000 2% 19%

Average Price $307,139 11% $290,729 2% 23%



Single-Family


Plex


Condominium


Less than 150 188 26.6 7.1 Seller's

150 to 199 374 52.8 7.1 Seller's

200 to 249 561 60.8 9.2 Balanced

250 to 299 467 39.1 11.9 Buyer's

300 to 349 263 18.2 14.5 Buyer's

350 to 399 213 11.7 18.3 Buyer's

400 and more 407 18.3 22.3 Buyer's

Table 3 - Market Conditions by Price Range

Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyer’s market

7


List of Areas


Sociodemographic Profile of the Montréal CMA

Population in 2011 3,824,221


Number of households in 2011 1,613,260






Fourth Quarter 2014

By category

Last 12 Months


Montréal Metropolitan Area

Seller’s market

Balanced market

Buyer’s market

Sales 7,410 2%




Sales 35,764 -2%




Last 12 Months


Total Residential

Fourth Quarter 2014

Sales 4,274 1% 21,250 -1%

Active Listings 16,689 8% 17,217 10%

Median Price $285,000 2% $282,500 1% 20%

Average Price $354,115 5% $339,519 3% 22%


Sales 2,214 1% 10,945 -3%


Median Price $237,500 2% $230,000 1% 18%

Average Price $286,377 5% $269,428 2% 19%


Sales 916 10% 3,540 -2%


Median Price $443,000 3% $435,000 2% 25%

Average Price $469,842 4% $457,025 3% 27%


Plex


Condominium



Single-Family


Less than 200 1,485 242.3 6.1 Seller's

200 to 249 2,627 390.8 6.7 Seller's

250 to 299 3,026 363.4 8.3 Balanced

300 to 399 4,266 422.1 10.1 Buyer's

400 to 499 2,154 156.9 13.7 Buyer's

500 and more 3,660 195.3 18.7 Buyer's

(I) (S) (I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory


Market

Conditions

Single-Family

Last 12 Months

8


List of Areas


Sociodemographic Profile of the Québec CMA









Fourth Quarter 2014

By category

Last 12 Months


Québec Metropolitan Area

Seller’s market

Balanced market

Buyer’s market

Sales 1,424 14%




Sales 6,472 3%




Last 12 Months


Total Residential

Fourth Quarter 2014

Sales 1,001 13% 4,489 2%


Median Price $240,500 0% $245,000 0% 26%

Average Price $269,794 -1% $272,928 -1% 25%


Sales 315 20% 1,485 3%

Active Listings 2,215 -1% 2,261 5%

Median Price $191,000 -4% $198,500 -1% 25%

Average Price $227,896 1% $226,857 1% 25%


Sales 107 9% 490 12%


Median Price $300,000 0% $287,500 -4% 29%

Average Price $315,264 0% $306,425 -5% 32%


Plex


Condominium



Single-Family



200 to 224 321 62.4 5.1 Seller's

225 to 249 538 64.1 8.4 Balanced

250 to 299 760 80.9 9.4 Balanced

300 to 399 824 64.7 12.7 Buyer's

400 and more 827 32.3 25.6 Buyer's

Months of

Inventory

Market

Conditions

(I) (S)


(I)/(S)

Single-Family

Last 12 Months

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

9


List of Areas


Sociodemographic Profile of the Saguenay CMA









Fourth Quarter 2014

By category

Last 12 Months


Saguenay Metropolitan Area

Seller’s market Balanced market

Buyer’s market

Sales 203 3%

New Listings 514 12%



Sales 1,144 -3%




Last 12 Months

Fourth Quarter 2014


Total Residential

Sales 161 -2% 955 -3%


Median Price $168,750 -5% $175,000 -3% 21%

Average Price $186,810 -5% $191,239 -1% 25%


Sales 11 72 -4%


Median Price ** $164,000 3% 24%

Average Price ** $180,225 8% 21%

Average Days (days) 168 42

Sales 31 55% 117 -8%


Median Price $179,000 -19% $185,000 0% 30%

Average Price $178,135 -14% $184,832 -5% 24%


Condominium


Plex




Single-Family


150 to 174 150 17.2 8.7 Balanced

175 to 199 207 11.0 18.8 Buyer's

200 to 249 255 17.3 14.7 Buyer's

250 to 299 142 6.3 22.4 Buyer's

300 and more 166 5.8 28.5 Buyer's

(I)/(S)(I) (S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

Market

Conditions

Last 12 Months


Single-Family

10


List of Areas


Sociodemographic Profile of the Sherbrooke CMA









Fourth Quarter 2014

By category

Last 12 Months


Sherbrooke Metropolitan Area

Seller’s market

Balanced market

Buyer’s market

Sales 335 6%




Sales 1,650 -1%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 254 5% 1,240 -2%


Median Price $196,000 3% $196,000 2% 19%

Average Price $224,776 -15% $231,090 -3% 17%


Sales 40 -7% 244 8%


Median Price $145,550 -5% $150,000 0% 13%

Average Price $156,608 -11% $170,441 -3% 16%

Average Days (days) 146 3 146 -16

Sales 39 30% 156 -5%


Median Price $243,000 9% $210,000 -1% 6%

Average Price $266,436 11% $230,154 -1% 8%



Single-Family


Plex


Condominium



150 to 199 275 37.0 7.4 Seller's

200 to 249 267 23.2 11.5 Buyer's

250 to 349 301 17.2 17.5 Buyer's

350 and more 382 10.2 37.5 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

11


List of Areas


Sociodemographic Profile of the Trois-Rivières CMA









Fourth Quarter 2014

By category

Last 12 Months


Trois-Rivières Metropolitan Area

Seller’s market

Balanced market

Buyer’s market

Sales 231 40%

New Listings 460 8%

Active Listings 909 6%


Sales 1,119 21%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 173 28% 854 17%


Median Price $150,000 1% $152,000 2% 13%

Average Price $156,112 -1% $165,072 3% 17%


Sales 17 91 52%

Active Listings 85 8% 79 -12%

Median Price ** $128,000 -5% 12%

Average Price ** $140,493 -10% 15%

Average Days (days) 109 -30

Sales 41 105% 166 19%


Median Price $140,000 -1% $148,000 0% 14%

Average Price $157,480 -5% $166,737 6% 14%



Single-Family


Plex


Condominium



125 to 149 121 16.3 7.5 Seller's

150 to 174 121 15.3 7.9 Seller's

175 to 199 106 7.3 14.4 Buyer's

200 to 249 98 7.9 12.4 Buyer's

250 and more 117 6.5 18.0 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

12


List of Areas

Definitions and Explanatory Notes Source: QFREB by the Centris® system

Fourth Quarter 2014

By category

Last 12 Months


Baie-Comeau Agglomeration

Seller’s market

Sales 38 -21%

New Listings 87 -5%



Sales 222 -22%

New Listings 398 -15%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 38 -16% 218 -21%


Median Price $135,500 -16% $146,500 -6% 27%

Average Price $140,038 -11% $152,489 -5% 32%


Sales 0 0

Active Listings 1 1

Median Price ** **

Average Price ** **

Average Days (days)

Sales 0 3

Active Listings 2 3

Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium


Less than 125 59 7.3 8.1 Balanced

125 to 174 55 6.2 9.0 Balanced

175 and more 72 4.7 15.4 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Balanced market

Buyer’s market

13


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Drummondville Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 96 -11%




Sales 567 6%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 78 -16% 482 4%


Median Price $162,000 8% $155,000 4% 16%

Average Price $166,987 7% $172,050 8% 26%


Sales 3 22

Active Listings 18 19

Median Price ** **

Average Price ** **

Average Days (days)

Sales 13 53 -5%


Median Price ** $179,000 1% 13%

Average Price ** $215,197 14% 24%



Single-Family


Plex


Condominium



125 to 149 79 9.1 8.7 Balanced

150 to 174 82 8.7 9.4 Balanced

175 to 224 133 7.6 17.5 Buyer's

225 and more 193 6.7 29.0 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

14


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Granby Agglomeration

Seller’s market Balanced market

Buyer’s market

Sales 156 3%




Sales 760 1%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 116 5% 584 -1%


Median Price $203,000 2% $200,000 3% 14%

Average Price $236,849 0% $225,450 3% 14%


Sales 27 115 29%

Active Listings 237 -6% 232 9%

Median Price ** $170,500 -8% 9%

Average Price ** $193,304 -8% 11%


Sales 13 55 -17%


Median Price ** $210,000 2% 2%

Average Price ** $218,504 -3% -3%



Single-Family


Plex


Condominium



175 to 224 194 18.6 10.5 Buyer's

225 to 299 177 10.3 17.2 Buyer's

300 and more 202 5.2 39.2 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

15


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Joliette Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 77 -1%




Sales 375 3%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 56 -2% 290 4%


Median Price $185,000 -6% $184,500 0% 18%

Average Price $201,932 -2% $200,051 -1% 19%


Sales 6 39 8%


Median Price ** $143,000 -7% 13%

Average Price ** $147,920 -3% 17%


Sales 15 45 -6%


Median Price ** $218,000 1% 22%

Average Price ** $224,356 -4% 7%



Single-Family


Plex


Condominium



175 to 224 111 8.5 13.0 Buyer's

225 and more 134 6.3 21.1 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

16


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Mont-Tremblant Agglomeration

Buyer’s market

Balanced market

Sales 99 25%




Sales 363 2%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 46 59% 176 15%


Median Price $252,000 27% $233,000 13% 19%

Average Price $494,548 29% $368,190 -9% 17%


Sales 50 4% 180 -6%

Active Listings 533 -3% 538 -2%

Median Price $155,940 -27% $199,475 -7% -17%

Average Price $216,366 -16% $238,652 -7% -7%

Average Days (days) 297 -146 302 -61

Sales 3 7


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium


Less than 250 137 8.5 16.1 Buyer's

250 and more 248 6.2 40.3 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

17


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Rimouski Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 82 19%


Active Listings 361 -8%


Sales 389 3%


Active Listings 387 -8%



Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 76 29% 334 3%


Median Price $171,500 0% $175,000 0% 9%

Average Price $178,799 -6% $185,510 1% 10%


Sales 5 32 -9%


Median Price ** $148,500 8% 11%

Average Price ** $153,346 9% 11%


Sales 1 21


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



150 to 174 36 6.3 5.7 Seller's

175 to 224 91 8.6 10.6 Buyer's

225 and more 130 5.3 24.4 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

18


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Rivière-du-Loup Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 55 8%




Sales 256 -6%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 50 14% 225 -4%


Median Price $167,500 5% $170,000 5% 23%

Average Price $172,757 -1% $174,954 4% 20%


Sales 2 10


Median Price ** **

Average Price ** **

Average Days (days)

Sales 3 21


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



150 to 199 100 6.6 15.2 Buyer's

200 and more 126 4.8 26.0 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

19


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Rouyn-Noranda Agglomeration

Seller’s market

Sales 71 18%




Sales 349 19%

New Listings 616 8%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 48 -2% 243 -2%


Median Price $180,000 -14% $205,500 0% 55%

Average Price $191,422 -15% $205,712 1% 55%


Sales 2 7

Active Listings 38 ** 34 **

Median Price ** **

Average Price ** **

Average Days (days)

Sales 10 43 26%


Median Price ** $215,000 -2% 89%

Average Price ** $210,827 -2% 72%



Single-Family


Plex


Condominium



175 to 249 75 10.7 7.1 Seller's



Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)Balanced market

20


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Sainte-Adèle Agglomeration

Buyer’s market

Seller’s market

Balanced market

Sales 114 7%




Sales 434 -7%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 104 14% 391 2%


Median Price $199,200 -7% $199,200 5% 13%

Average Price $218,427 -5% $214,987 -2% 7%


Sales 6 30 -54%


Median Price ** $145,250 -6% 4%

Average Price ** $154,026 -4% 11%


Sales 4 13


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



175 to 224 125 7.4 16.9 Buyer's

225 to 299 187 6.6 28.4 Buyer's

300 and more 275 5.0 55.0 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

21


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Sainte-Agathe-des-Monts Agglomeration

Buyer’s market

Balanced market

Seller’s market

Sales 75 17%

New Listings 165 6%



Sales 266 13%

New Listings 799 5%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 66 14% 238 14%


Median Price $194,000 -1% $184,500 -5% 9%

Average Price $234,987 -9% $230,382 -9% 2%


Sales 6 14

Active Listings 45 7% 44 -10%

Median Price ** **

Average Price ** **

Average Days (days)

Sales 3 14


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



175 to 249 132 5.3 25.2 Buyer's

250 and more 226 5.5 41.1 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

22


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Saint-Hyacinthe Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 121 5%




Sales 537 0%




Last 12 Months


Total Residential

Fourth Quarter 2013

Sales 73 4% 348 13%


Median Price $218,700 4% $218,000 4% 24%

Average Price $225,785 5% $225,556 5% 22%


Sales 24 132 -20%


Median Price ** $161,756 -1% 19%

Average Price ** $166,810 -3% 16%


Sales 14 66 8%


Median Price ** $226,250 -1% 0%

Average Price ** $248,570 2% 9%



Single-Family


Plex


Condominium



175 to 199 36 5.3 6.7 Seller's

200 to 249 120 10.7 11.2 Buyer's

250 and more 131 7.3 17.8 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

23


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Saint-Jean-sur-Richelieu Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 190 9%




Sales 905 -8%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 144 13% 698 -9%


Median Price $221,000 -5% $232,000 0% 13%

Average Price $231,564 -5% $245,099 1% 13%


Sales 27 127 -7%


Median Price ** $170,000 3% 14%

Average Price ** $176,295 3% 13%


Sales 18 78 5%


Median Price ** $251,000 -10% 17%

Average Price ** $259,757 -5% 15%



Single-Family


Plex


Condominium



175 to 199 61 6.3 9.7 Balanced

200 to 224 70 9.3 7.5 Seller's

225 to 249 107 9.6 11.2 Buyer's

250 to 274 72 6.4 11.1 Buyer's

275 to 349 183 10.3 17.7 Buyer's

350 and more 201 5.1 39.5 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

24


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Saint-Lin-Laurentides Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 49 -6%




Sales 288 -2%

New Listings 675 1%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 45 -10% 262 -7%


Median Price $158,000 -9% $174,750 0% 17%

Average Price $153,095 -7% $173,113 3% 15%


Sales 1 6

Active Listings 6 7

Median Price ** **

Average Price ** **

Average Days (days)

Sales 2 13


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



150 to 199 109 10.9 10.0 Balanced

200 and more 144 5.3 27.0 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

25


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Saint-Sauveur Agglomeration

Buyer’s market

Seller’s market

Balanced market

Sales 155 -10%




Sales 645 -8%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 122 -14% 533 -9%


Median Price $240,000 2% $240,000 2% 12%

Average Price $267,776 9% $256,266 -3% 4%


Sales 33 32% 103 1%


Median Price $185,000 6% $190,000 3% 9%

Average Price $206,735 -3% $212,939 5% 12%


Sales 0 9


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



200 to 249 147 9.2 16.0 Buyer's

250 to 299 187 8.3 22.7 Buyer's

300 to 399 237 7.3 32.3 Buyer's

400 and more 370 4.4 83.7 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

26


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Salaberry-de-Valleyfield Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 99 15%




Sales 434 -2%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 67 0% 329 -5%


Median Price $173,000 -5% $178,000 2% 23%

Average Price $188,977 2% $186,037 1% 24%


Sales 9 28


Median Price ** **

Average Price ** **

Average Days (days)

Sales 22 76 -5%


Median Price ** $190,000 4% 27%

Average Price ** $202,144 -1% 24%



Single-Family


Plex


Condominium



150 to 174 56 6.6 8.5 Balanced

175 to 224 97 9.2 10.5 Buyer's

225 and more 132 5.6 23.7 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

27


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Sept-Îles Agglomeration

Seller’s market

Sales 31 -28%

New Listings 75 -6%



Sales 182 5%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 29 174 5%


Median Price ** $220,000 -4% 36%

Average Price ** $217,839 -5% 34%


Sales 1 6

Active Listings 7 8

Median Price ** **

Average Price ** **

Average Days (days)

Sales 1 2

Active Listings 3 3

Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



150 to 249 94 7.3 13.0 Buyer's



Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Balanced market

Buyer’s market

28


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Shawinigan Agglomeration

Seller’s market

Balanced market

Buyer’s market

Sales 75 -16%




Sales 404 0%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 48 -36% 325 -3%


Median Price $111,500 -11% $115,000 -5% 5%

Average Price $116,964 -11% $118,782 -5% 4%


Sales 4 9


Median Price ** **

Average Price ** **

Average Days (days)

Sales 22 66 6%


Median Price ** $100,000 -11% 0%

Average Price ** $100,360 -11% 0%



Single-Family


Plex


Condominium



100 to 149 121 11.6 10.5 Buyer's

150 and more 156 5.0 31.3 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

29


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Sorel-Tracy Agglomeration

Balanced market

Buyer’s market

Seller’s market

Sales 100 8%

New Listings 231 0%



Sales 490 1%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 75 -10% 382 -5%


Median Price $165,000 3% $158,000 2% 16%

Average Price $174,736 0% $167,829 3% 15%


Sales 11 37 42%


Median Price ** $131,900 -3% -9%

Average Price ** $138,081 1% -1%


Sales 14 67 22%


Median Price ** $157,000 27% 31%

Average Price ** $162,987 2% 22%



Single-Family


Plex


Condominium



125 to 174 145 11.2 13.0 Buyer's

175 to 224 128 7.1 18.0 Buyer's

225 and more 157 5.2 30.5 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

30



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Thetford Mines Agglomeration

Seller’s market

Balanced market

Sales 46 31%




Sales 225 21%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 34 17% 184 15%


Median Price $99,000 -1% $100,000 5% 17%

Average Price $104,909 -12% $107,908 0% 11%


Sales 2 2

Active Listings 4 3

Median Price ** **

Average Price ** **

Average Days (days)

Sales 10 39 63%


Median Price ** $90,000 -11% 20%

Average Price ** $102,769 -5% 22%



Single-Family


Plex


Condominium



100 and more 114 7.8 14.7 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyer’s market

31


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Val-d’Or Agglomeration

Seller’s market

Sales 59 34%

New Listings 92 24%



Sales 286 42%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 46 10% 243 37%


Median Price $197,500 13% $194,000 0% 29%

Average Price $216,130 18% $213,569 2% 34%


Sales 0 4

Active Listings 6 9

Median Price ** **

Average Price ** **

Average Days (days)

Sales 13 39 86%


Median Price ** $211,000 12% 51%

Average Price ** $207,782 5% 49%



Single-Family


Plex


Condominium



200 and more 132 9.6 13.7 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Balanced market

Buyer’s market

32


List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Victoriaville Agglomeration

Seller’s market

Balanced market

Sales 83 22%




Sales 373 5%

New Listings 622 6%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 55 -29% 300 -7%


Median Price $149,000 13% $140,000 4% 18%

Average Price $154,181 4% $153,056 6% 16%


Sales 9 23


Median Price ** **

Average Price ** **

Average Days (days)

Sales 5 33 3%

Active Listings 31 2% 35 **

Median Price ** $146,000 -4% 12%

Average Price ** $167,694 4% 15%


Plex


Condominium



Single-Family



125 to 174 87 13.2 6.6 Seller's

175 and more 150 6.0 24.9 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyer’s market

33

Fourth Quarter 2014

List of Areas

* All variations are calculated in relation to the previous year.

Other Agglomerations

Alma

Sales Active Listings Average Price Median Price

2014 163 252 $172,483 $167,250

Variation* -14% 11% 2% 8%

Amos


2014 99 69 $166,408 $165,000

Variation* 15% 50% 1% 4%

Cowansville


2014 106 150 $206,570 $179,780

Variation* 4% 7% 11% 3%

Lachute


2014 106 190 $154,387 $159,950

Variation* -4% 25% -10% -3%

La Tuque


2014 118 87 $121,305 $128,500

Variation* 11% -9% 12% 35%

Matane


2014 137 223 $127,844 $120,000

Variation* 7% 20% -3% -4%

Mont-Laurier


2014 102 127 $150,955 $140,750

Variation* -11% 2% 3% 1%

(Alma, Delisle, Saint-Henri-de-Taillon, Saint-

Nazaire)

Total residential Single Family

Amos


(Cowansville, East Farnham)


Lachute


(Coucoucache, La Bostonnais, La Tuque,

Obedjiwan, Wenmotaci)


(Matane, Saint-Ulric)


(Mont-Laurier)


34

Fourth Quarter 2014

List of Areas

* All variations are calculated in relation to the previous year.

Other Agglomerations

Rawdon


2014 124 215 $145,234 $142,500

Variation* -10% 15% -6% 3%

Saint-Georges


2014 197 263 $159,741 $150,000

Variation* -2% 22% 12% 9%

Sainte-Marie


2014 99 99 $168,830 $165,900

Variation* 15% -1% -2% 1%

(Rawdon )


(Aubert-Gallion, Lac-Poulin, Saint-Benoît-

Labre, Saint-Georges, Saint-Georges-Est,

Saint-Jean-de-la-Lande)


(Sainte-Marie


35


Previous View

About the QFREB

The Québec Federation of Real Estate Boards (QFREB) is a non-profit organization that oversees the twelve provincial real estate boards. Its mission is to promote and protect the interests of Québec’s real estate industry so that the boards and their members can successfully meet their business objectives.

Copyright, terms and conditions

Copyright © 2014 Québec Federation of Real Estate Boards. All rights reserved.

The content of this publication is protected by copyright laws and is owned by the Québec Federation of Real Estate Boards. Any reproduction of the information contained in this publication, in whole or in part, directly or indirectly, is specifically forbidden except with the prior written permission of the owner of the copyright.

Information and Subscription

This publication is produced by the Market Analysis Department of the QFREB.

To subscribe to the Barometers, click here. Contact us at: [email protected].

Centris® System

The Centris® system is the most extensive and current computerized database of real estate transactions. It is governed by very specific rules that all real estate brokers in Québec must adhere to. Only real estate brokers who are members of a real estate board have access to it.

Residentiel

Includes the following property categories: single-family homes, condominiums, plexes (revenue properties with 2 to 5 dwellings), and hobby farms.

New Listings

The number of new brokerage contracts with a signature date that falls within the targeted period.

Active Listings

The total number of listings that have an "active" status on the last day of the month. Quarterly and annual data correspond to the average monthly data for the targeted period.

Number of Sales

Total number of sales concluded during the targeted period. The sale date is the date on which the promise to purchase is accepted, which takes effect once all conditions are met.

Volume of sales

Amount of all sales concluded during the targeted period, in dollars ($).

Average Selling Time

Average number of days between the date the brokerage contract was signed and the date of sale.

Variation

Due to the seasonal nature of real estate indicators, quarterly variations are calculated in relation to the same quarter of the previous year.

Average Sale Price

Average value of sales concluded during the targeted period. Some transactions may be excluded from the calculation in order to obtain a more significant average price.

Median Sale Price

Median value of sales concluded during the targeted period. The median price divides all transactions into two equal parts: 50 per cent of transactions were at a lower price than the median price and the other 50 per cent were at a higher price. Some transactions may be excluded from the calculation in order to obtain a more significant median price.

Inventory

Corresponds to the average number of active listings in the past 12 months.

Number of Months of Inventory

The number of months needed to sell the entire inventory of properties for sale, calculated according to the pace of sales of the past 12 months. It is obtained by dividing the inventory by the average number of sales in the past 12 months. This calculation eliminates fluctuations due to the seasonal nature of listings and sales.

For example, if the number of months of inventory is six, this means that it would take six months to sell the entire inventory of properties for sale. We can also say that the inventory corresponds to six months of sales. It is important to note that this measure is different than the average selling time.

Market Conditions

Market conditions are based on the number of months of inventory. Due to the way the number of months of inventory is calculated (see above), market conditions reflect the situation of the past 12 months.

If the number of months of inventory is between 8 and 10, the market is considered balanced, meaning that it does not favour buyers or sellers. In such a context, price growth is generally moderate.

If the number of months of inventory is less than 8, the market favours sellers (seller's market). In such a context, price growth is generally high.

If the number of months of inventory is greater than 10, the market favours buyers (buyer's market). In such a context, price growth is generally low and may even be negative.

Caution

The average and median property prices indicated in this brochure are based on transactions concluded via the Centris® system during the targeted period. They do not necessarily reflect the average or median value of all properties in a sector. Similarly, the evolution of average prices or median prices between two periods does not necessarily reflect the evolution of the value of all properties in a sector. As a result, caution is required when using these statistics, particularly when the number of transactions is low.

36

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Le Baromètre MLS® du marché résidentiel · 2019. 7. 25. · properties for sale, including Amos...

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