The median price of a single -family house reached $ 500,000 in the second quarter, despite the impact of American prices that are starting to be felt.
“This is an increase of 11% of the median price in the second quarter since the same period a year ago,” said by press release Charles Brant, director of the market analysis of the Professional Association of Quebec Real Estate Brokers (APCIQ).
He points out “the weakness of the properties of properties for sale, which leads to many situations of overheating”.
For condos, the median price appreciated 6%, at $ 399,900.
Table provided by the Professional Association of Real Estate Brokers of Quebec (APCIQ)
Affordable houses
Even if our residential market is resistant to the waltz of prices of the American president, Donald Trump, some are harder than others.
“The challenge of affordability is nevertheless very present in Quebec,” observes Hélène Bégin, an expert economist, real estate market and economics in Quebec, at the APCIQ.
“When the economic situation deteriorates or the mortgage interest rates go up, the resale market resists a certain time before suffering the counterpouss, and the damage is usually less important in Quebec than elsewhere in the country,” she continues.
It should be noted, the prices fell in eight cities, including Sept-Îles (-32%), Lachute (-12%) and Val-d’Or (-10%).
It takes 43 days to sell a unifamilial on average, 42 days for a condo and 52 days for a plex.
