6rflrghprjudsklf3urÀoh · 2020. 7. 15. · sources statistics anada and onference oard of anada...
TRANSCRIPT
All variations are calculated in relation to the same period of the previous year.
Listings PriceSales
-24% -28%Change in total
residential sales compared to the
2nd quarter of 2019
Change in median price of single-family homes
compared to the 2nd quarter of 2019
4%Change in residential
active listings compared to the
2nd quarter of 2019
Highlights - Second Quarter 2020
Province of Quebec
residential real estate marketSECOND QUARTER 2020
• The median price of single-family homes across the province increased by 4 per cent to reach $275,500.• In the province’s metropolitan areas, the largest price increases for single-family homes were in the
Gatineau (+17 per cent), Montreal (+12 per cent) and Sherbrooke (+10 per cent) CMAs.• Outside of the metropolitan areas, the agglomerations with the largest price increases for
single-family homes were: Sainte-Agathe-des-Monts (+49 per cent), Mont-Tremblant (+28 per cent), Sainte-Adèle (+27 per cent), Drummondville (+15 per cent) and Salaberry-de-Valleyfield (+15 per cent).
• The median price of condominiums across the province increased by 6 per cent to reach $255,000, while that of plexes fell by 10 per cent to reach $381,750.
Median price
• The downward trend in supply increased as a result of the health crisis, for an 18th consecutive quarter. From April to June, there was an average of 42,535 properties for sale in the real estate brokers’ Centris system, a drop of 28 per cent compared to the second quarter of last year.
• All six of the province’s CMAs saw a marked decrease in the number of properties for sale, with the largest decreases in supply seen in the CMAs of Gatineau (-41 per cent), Trois-Rivières ( 33 per cent) and Sherbrooke (-32 per cent).
Active listings
• In response to the pause in Quebec’s real estate market in the second quarter, market conditions stabilized in the vast majority of areas and continue to give sellers the upper hand.
• It took an average of 112 days (+16 days) to sell a single-family home, 77 days (-16 days) to sell a condominium and 102 days (+1 day) to sell a plex in Quebec in the second quarter of 2020.
Market conditions and selling times
• In total, 22,102 residential sales transactions were concluded in the second quarter of the year in Quebec, a significant drop of 24 per cent compared to the second quarter of last year. This downturn, imposed by the arrival of COVID-19 and the application of health measures to limit the spread of the virus, brings to an end a series of 23 consecutive quarterly increases in sales.
• In total, 15,591 single-family homes (-19 per cent), 4,760 condominiums (-34 per cent) and 1,613 plexes (-33 per cent) changed hands in Quebec in the second quarter of the year.
• Geographically, the agglomerations of Sainte-Agathe-des-Monts (+28 per cent), Sept-Îles (+13 per cent) and Sainte-Adèle (+7 per cent) bucked the downward trend and posted the largest increases in residential sales.
• As for the province’s six census metropolitan areas (CMAs), the largest drop in sales was in the Montreal CMA, where transactions fell by 36 per cent, followed by the Gatineau CMA (-23 per cent). The Sherbrooke and Trois-Rivières CMAs both posted a 22 per cent decrease in sales.
• The Quebec City and Saguenay CMAs were more resilient, posting smaller decreases in sales at -11 per cent and -16 per cent, respectively. These results are consistent with the lesser spread of the virus in these two metropolitan areas.
Sales
Sources: Statistics Canada and Conference Board of Canada Sources: Statistics Canada and CMHC*Proportion of people who responded “yes” to this question. ++Variation greater than 100%
Sources: Statistics Canada, 2016 census, CMHC - Rental Maket Survey, January 2020
QPAREB BAROMETER - 2ND QUARTER 2020 - ECONOMIC INDICATORSPROVINCE OF QUEBEC
Sociodemographic Profile
Population in 2016
8,164,361
3.3%Variation change between 2011 and 2016
Population density per square kilometer
6Number of households in 2016
3,858,943
61.3%
Vacancy rate
VariationAverage rent
Proportion of renters
Proportion of owners
Labour Market
Employment (in thousands)
Unemployment rate
Variation
Variation
Housing Starts
Total Variation
5%$815
1.8 %
$7752019
2019
2018
Mortgage Rates
5-year term
1-year term
Variation
Variation
Consumer Confidence Level
Overall
Is right now a good timeto make a major purchase?*
Variation
Variation
Single-Family
Condominium
Rental
Variation
Variation
Variation
38.7%
Q2 2020
Q2 2020
Q2 2020
Q2 2020
Q2 2020
2,912
2,251
6,039
3,447
3,169
6,901
Q2 2019
Q2 2019
Q2 2019
-16%
Q2 2020 11,20213,590Q2 2019
-18%
-29%
-12%
Q2 2019
Q2 2019
3,800.4
13.8%
-533.5
8.9
4,333.9
4.9%
11,202
Q2 2020
Q2 2020
Q2 2019
Q2 2019
3.26%
4.97%
-0.38
-0.37
3.64%
5.34%
Q2 2020
Q2 2019
94 -67161
Q2 2020Q2 2019
24% -2145%
| 2
Agglomerations for which
only annual statistics are published
in the 4th quarter Barometer.
*
Map of Urban Centres in the Province of Quebec
| 3
Definition of Areas
Province
Gatineau
Montreal
Quebec
Saguenay
Sherbrooke
Trois-Rivières
Saint-Hyacinthe
Saint-Sauveur
Sainte-Adèle
Sainte-Agathe-des-Monts
Salaberry-de-Valleyfield
Sept-Îles
Shawinigan
Sorel-Tracy
Thetford Mines
Val-d’Or
Victoriaville
Baie Comeau
Drummondville
Granby
Joliette
Mont-Tremblant
Rimouski
Rivière-du-Loup
Rouyn-Noranda
QPAREB Barometer - Second Quarter 2020 Definitions and Explanatory Notes | 4
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020 Definitions and Explanatory Notes
Province of Quebec
Sales 22,102 -24 %
New Listings 25,118 -32 %
Active Listings 42,535 -28 %
Volume (in thousands $) 7,291,034 -20 %
Second Quarter 2020
Total Residential
Sales 93,531 4 %
New Listings 121,593 -12 %
Active Listings 49,141 -19 %
Volume (in thousands $) 30,530,397 9 %
Last 12 Months
Sales 15,591 -19 % 63,060 5 %
Active Listings 28,742 -29 % 34,100 -17 %
Median Price $275,500 4 % $270,000 6 % 17 %
Average Price $328,106 6 % $319,307 5 % 21 %
Average Selling TIme (days) 112 16 99 -4
Second Quarter 2020 Last 12 Months Past 5 years
Single-Family
Sales 4,760 -34 % 22,320 2 %
Active Listings 8,706 -28 % 9,432 -27 %
Median Price $255,000 6 % $255,000 6 % 16 %
Average Price $302,656 4 % $305,263 6 % 19 %
Average Selling TIme (days) 77 -16 83 -19
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 1,613 -33 % 7,695 4 %
Active Listings 4,529 -24 % 5,000 -16 %
Median Price $381,750 -10 % $422,750 2 % 3 %
Average Price $440,639 D 0 % $458,551 6 % 17 %
Average Selling TIme (days) 102 1 99 D 0
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 5
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Gatineau Metropolitan Area
2
3
4
5
6
7
8
9
10
11
12
J A S O N D J F M A M J
Seller’s market
Sales 1,288 -23 %
New Listings 1,481 -32 %
Active Listings 1,416 -41 %
Volume (in thousands $) 393,931 -15 %
Total Residential
Second Quarter 2020
Sales 5,009 5 %
New Listings 6,165 -16 %
Active Listings 1,685 -33 %
Volume (in thousands $) 1,414,933 11 %
Last 12 Months
200 and less 237 59 4.0 Seller
200 to 249 169 60 2.8 Seller
250 to 299 177 63 2.8 Seller
300 to 349 154 47 3.3 Seller
350 to 399 126 33 3.9 Seller
more than 400 374 51 7.4 Seller
(I) (V) (I)/(V)
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
Single-Family
Sales 983 -24 % 3,742 D 0 %
Active Listings 1,015 -41 % 1,237 -31 %
Median Price $313,700 17 % $278,888 9 % 36 %
Average Price $328,485 13 % $299,183 7 % 30 %
Average Selling TIme (days) 66 2 63 -8
Second Quarter 2020 Last 12 Months Past 5 years
Single-Family
Sales 232 -17 % 912 24 %
Active Listings 251 -41 % 263 -40 %
Median Price $186,500 12 % $179,450 12 % 10 %
Average Price $199,298 9 % $196,733 10 % 5 %
Average Selling TIme (days) 50 -30 68 -26
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 70 -35 % 347 11 %
Active Listings 137 -44 % 172 -33 %
Median Price $334,500 10 % $315,000 6 % 19 %
Average Price $345,508 4 % $332,289 4 % 11 %
Average Selling TIme (days) 82 -15 107 2
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Balanced market
Buyer’s market
| 6
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Montreal Metropolitan Area
2
3
4
5
6
7
8
J A S O N D J F M A M J
Seller’s market
Sales 10,138 -36 %
New Listings 12,793 -25 %
Active Listings 13,443 -31 %
Volume (in thousands $) 4,316,567 -30 %
Total Residential
Second Quarter 2020
Sales 47,266 -2 %
New Listings 58,507 -11 %
Active Listings 15,126 -27 %
Volume (in thousands $) 19,599,198 5 %
Last 12 Months
200 and less 405 116 3.5 Seller
200 to 299 1,422 528 2.7 Seller
300 to 399 1,721 631 2.7 Seller
400 to 499 1,269 358 3.5 Seller
500 to 599 844 192 4.4 Seller
more than 600 2,436 308 7.9 Seller
Single-Family
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
Last 12 Months
(V) (I)/(V)(I)
Sales 5,795 -32 % 25,576 -3 %
Active Listings 6,880 -32 % 8,097 -23 %
Median Price $380,000 12 % $362,500 9 % 32 %
Average Price $453,150 10 % $436,187 7 % 32 %
Average Selling TIme (days) 64 1 61 -9
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 3,490 -39 % 17,140 -2 %
Active Listings 4,892 -32 % 5,246 -33 %
Median Price $293,500 13 % $285,000 10 % 25 %
Average Price $335,774 8 % $334,042 8 % 24 %
Average Selling TIme (days) 55 -22 66 -21
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 842 -42 % 4,499 -2 %
Active Listings 1,615 -29 % 1,722 -25 %
Median Price $600,000 10 % $580,000 10 % 36 %
Average Price $622,379 9 % $608,275 10 % 34 %
Average Selling TIme (days) 65 -10 70 -5
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 7
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Quebec City Metropolitan Area
2
4
6
8
10
12
14
16
18
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 2,126 -11 %
New Listings 2,197 -38 %
Active Listings 6,135 -23 %
Volume (in thousands $) 598,993 -11 %
Total Residential
Second Quarter 2020
Sales 8,768 15 %
New Listings 12,635 -9 %
Active Listings 7,070 -9 %
Volume (in thousands $) 2,432,796 16 %
Last 12 Months
200 and less 546 79 6.9 Seller
200 to 249 1,043 142 7.4 Seller
250 to 299 821 116 7.1 Seller
300 to 349 470 72 6.5 Seller
350 to 399 386 38 10.2 Buyer
more than 400 989 63 15.8 Buyer
Single-Family
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
Last 12 Months
(V) (I)/(V)(I)
Sales 1,467 -12 % 6,103 13 %
Active Listings 3,610 -24 % 4,255 -10 %
Median Price $266,500 D 0 % $260,000 1 % 7 %
Average Price $301,095 2 % $291,842 2 % 7 %
Average Selling TIme (days) 137 19 123 D 0
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 515 -7 % 2,055 23 %
Active Listings 2,026 -19 % 2,210 -9 %
Median Price $185,000 -5 % $190,000 -1 % -7 %
Average Price $221,559 -3 % $223,536 -1 % -2 %
Average Selling TIme (days) 166 -4 164 -7
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 140 -19 % 596 12 %
Active Listings 484 -25 % 587 -5 %
Median Price $303,750 1 % $308,000 D 0 % 4 %
Average Price $322,356 D 0 % $329,944 D 0 % D 0 %
Average Selling TIme (days) 146 27 124 1
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 8
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Saguenay Metropolitan Area
2
7
12
17
22
27
32
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 375 -16 %
New Listings 412 -35 %
Active Listings 1,070 -30 %
Volume (in thousands $) 74,152 -13 %
Total Residential
Second Quarter 2020
Sales 1,296 2 %
New Listings 1,911 -19 %
Active Listings 1,223 -20 %
Volume (in thousands $) 245,167 3 %
Last 12 Months
100 and less 43 8 5.6 Seller
100 to 149 122 20 6.1 Seller
150 to 199 293 29 10.3 Buyer
200 to 249 157 17 9.2 Balanced
250 to 299 114 9 12.9 Buyer
more than 300 156 9 18.3 Buyer
Single-Family
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
Last 12 Months
(V) (I)/(V)(I)
Sales 311 -16 % 1,087 1 %
Active Listings 758 -33 % 884 -23 %
Median Price $189,902 4 % $177,000 2 % 9 %
Average Price $201,054 2 % $192,755 2 % 6 %
Average Selling TIme (days) 152 20 153 16
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 28 - 80 8 %
Active Listings 120 -24 % 133 -19 %
Median Price ** - $151,500 -5 % 4 %
Average Price ** - $166,873 D 0 % D 0 %
Average Selling TIme (days) ** - 188 -19
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 36 -31 % 129 2 %
Active Listings 190 -20 % 203 -11 %
Median Price $187,500 8 % $174,000 1 % 13 %
Average Price $200,557 17 % $182,752 3 % 10 %
Average Selling TIme (days) 165 9 186 28
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 9
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Sherbrooke Metropolitan Area
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Buyer’s market
Sales 441 -22 %
New Listings 462 -32 %
Active Listings 901 -32 %
Volume (in thousands $) 121,945 -15 %
Second Quarter 2020
Total Residential
Sales 1,947 2 %
New Listings 2,524 -12 %
Active Listings 1,103 -22 %
Volume (in thousands $) 520,174 9 %
Last 12 Months
100 and less 10 2 4.4 Seller
100 to 149 21 6 3.3 Seller
150 to 199 123 35 3.6 Seller
200 to 249 124 30 4.1 Seller
250 to 299 77 14 5.4 Seller
more than 300 359 32 11.3 Buyer
(I) (V) (I)/(V)
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
Single-Family
Sales 327 -23 % 1,438 1 %
Active Listings 582 -33 % 715 -25 %
Median Price $237,500 10 % $225,000 5 % 16 %
Average Price $292,319 10 % $281,790 7 % 22 %
Average Selling TIme (days) 108 D 0 101 -15
Second Quarter 2020 Last 12 Months Past 5 years
Single-Family
Sales 64 -21 % 284 D 0 %
Active Listings 151 -29 % 182 -25 %
Median Price $165,000 2 % $159,950 -3 % 6 %
Average Price $206,141 12 % $187,602 1 % 24 %
Average Selling TIme (days) 112 -6 122 -28
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 49 -22 % 222 11 %
Active Listings 152 -31 % 191 -11 %
Median Price $235,000 2 % $238,250 1 % 2 %
Average Price $262,878 5 % $278,495 9 % 4 %
Average Selling TIme (days) 156 -13 122 -27
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Seller’s market
| 10
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Trois-Rivières Metropolitan Area
2
3
4
5
6
7
8
9
10
11
12
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 317 -22 %
New Listings 293 -43 %
Active Listings 533 -33 %
Volume (in thousands $) 60,543 -16 %
Second Quarter 2020
Total Residential
Sales 1,359 9 %
New Listings 1,625 -15 %
Active Listings 637 -19 %
Volume (in thousands $) 242,815 14 %
Last 12 Months
100 and less 31 7 4.5 Seller
100 to 149 88 21 4.3 Seller
150 to 199 110 29 3.8 Seller
200 to 249 66 14 4.6 Seller
250 to 299 27 5 5.8 Seller
more than 300 72 6 13.1 Buyer
(I) (V) (I)/(V)
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
Single-Family
Sales 231 -25 % 976 7 %
Active Listings 320 -32 % 394 -20 %
Median Price $169,900 D 0 % $167,000 1 % 17 %
Average Price $190,586 4 % $182,350 3 % 17 %
Average Selling TIme (days) 83 3 83 -8
Second Quarter 2020 Last 12 Months Past 5 years
Single-Family
Sales 40 -20 % 168 19 %
Active Listings 70 -43 % 83 -27 %
Median Price $146,000 9 % $133,000 -1 % 12 %
Average Price $170,349 19 % $145,264 -3 % 27 %
Average Selling TIme (days) 133 25 120 3
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 43 -9 % 205 11 %
Active Listings 132 -31 % 148 -14 %
Median Price $171,000 22 % $164,500 10 % 22 %
Average Price $199,222 21 % $186,046 12 % 17 %
Average Selling TIme (days) 103 3 126 19
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 11
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Baie-Comeau Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Buyer’s market
Sales 51 -33 %
New Listings 48 -60 %
Active Listings 176 -23 %
Volume (in thousands $) 6,908 -35 %
Total Residential
Second Quarter 2020
Sales 210 -4 %
New Listings 297 -23 %
Active Listings 207 -6 %
Volume (in thousands $) 28,135 -7 %
Last 12 Months
100 and less 64 6 11.7 Buyer
100 to 149 70 6 12.2 Buyer
150 to 199 38 3 11.8 Buyer
200 to 249 11 2 5.3 Seller
250 to 299 3 0 10.3 Buyer
more than 300 12 0 27.8 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 51 -33 % 208 -4 %
Active Listings 169 -23 % 199 -4 %
Median Price $140,000 8 % $125,000 -7 % -3 %
Average Price $146,684 -4 % $138,579 -7 % -1 %
Average Selling TIme (days) 193 42 152 -4
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 0 - 0 -
Active Listings 3 - 3 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 0 - 2 -
Active Listings 4 - 6 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Balanced market
Seller’s market
| 12
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Drummondville Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 179 -17 %
New Listings 148 -48 %
Active Listings 354 -29 %
Volume (in thousands $) 40,219 -6 %
Total Residential
Second Quarter 2020
Sales 688 3 %
New Listings 886 -19 %
Active Listings 406 -19 %
Volume (in thousands $) 143,126 5 %
Last 12 Months
100 and less 10 3 3.8 Seller
100 to 149 26 8 3.1 Seller
150 to 199 68 17 4.0 Seller
200 to 249 77 12 6.4 Seller
250 to 299 45 5 9.2 Balanced
more than 300 105 5 21.1 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 155 -18 % 595 1 %
Active Listings 285 -31 % 331 -21 %
Median Price $202,000 15 % $190,000 3 % 25 %
Average Price $229,977 21 % $206,550 4 % 39 %
Average Selling TIme (days) 112 9 106 -14
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 4 - 19 -
Active Listings 15 - 18 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 16 - 67 6 %
Active Listings 36 -30 % 42 -24 %
Median Price ** - $206,500 -2 % -6 %
Average Price ** - $232,219 -2 % 2 %
Average Selling TIme (days) ** - 90 -10
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 13
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Granby Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 299 -14 %
New Listings 261 -36 %
Active Listings 570 -32 %
Volume (in thousands $) 84,974 D 0 %
Total Residential
Second Quarter 2020
Sales 1,251 22 %
New Listings 1,524 -7 %
Active Listings 709 -19 %
Volume (in thousands $) 338,114 35 %
Last 12 Months
150 and less 32 7 4.7 Seller
150 to 199 55 15 3.6 Seller
200 to 249 77 20 3.8 Seller
250 to 299 68 11 6.1 Seller
300 to 349 50 7 7.5 Seller
more than 350 149 13 11.5 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 216 -8 % 876 18 %
Active Listings 341 -33 % 430 -19 %
Median Price $250,000 10 % $233,780 6 % 26 %
Average Price $311,542 21 % $285,284 14 % 35 %
Average Selling TIme (days) 119 9 111 -7
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 58 -29 % 259 28 %
Active Listings 149 -34 % 188 -20 %
Median Price $163,000 -9 % $190,000 -7 % 14 %
Average Price $202,245 4 % $225,818 1 % 5 %
Average Selling TIme (days) 178 -45 175 -30
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 24 - 112 60 %
Active Listings 69 -28 % 80 -13 %
Median Price ** - $253,750 2 % 7 %
Average Price ** - $285,799 9 % 5 %
Average Selling TIme (days) ** - 131 -18
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 14
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Joliette Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Sales 138 -4 %
New Listings 112 -42 %
Active Listings 183 -41 %
Volume (in thousands $) 34,013 3 %
Total Residential
Second Quarter 2020
Sales 537 16 %
New Listings 583 -21 %
Active Listings 236 -21 %
Volume (in thousands $) 123,877 21 %
Last 12 Months
100 and less 4 0 21.5 Buyer
100 to 149 8 2 4.0 Seller
150 to 199 27 9 2.9 Seller
200 to 249 43 12 3.6 Seller
250 to 299 41 7 6.3 Seller
more than 300 52 6 9.5 Balanced
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 105 -5 % 428 21 %
Active Listings 128 -44 % 175 -20 %
Median Price $242,500 13 % $225,000 7 % 28 %
Average Price $251,197 10 % $234,748 7 % 27 %
Average Selling TIme (days) 90 -12 88 -6
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 16 - 62 7 %
Active Listings 21 - 26 -
Median Price ** - $167,650 -1 % 13 %
Average Price ** - $180,206 4 % 22 %
Average Selling TIme (days) ** - 172 3
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 15 - 45 -4 %
Active Listings 32 -10 % 33 -9 %
Median Price ** - $255,000 -6 %
Average Price ** - $255,636 -15 %
Average Selling TIme (days) ** - 76 7
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Buyer’s market
| 15
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Mont-Tremblant Agglomeration
2
4
6
8
10
12
14
16
18
20
22
J A S O N D J F M A M J
Seller’s market
Buyer’s market
Sales 105 -41 %
New Listings 184 -24 %
Active Listings 551 -13 %
Volume (in thousands $) 42,639 -26 %
Total Residential
Second Quarter 2020
Sales 534 -2 %
New Listings 782 -8 %
Active Listings 574 -18 %
Volume (in thousands $) 200,718 5 %
Last 12 Months
150 and less 66 6 11.4 Buyer
150 to 199 60 3 19.9 Buyer
200 to 249 36 4 9.9 Balanced
250 to 299 31 3 9.9 Balanced
300 to 349 20 2 10.6 Buyer
more than 350 95 8 12.1 Buyer
(I) (V) (I)/(V)
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
Condominium
Sales 48 -21 % 210 5 %
Active Listings 226 -21 % 244 -18 %
Median Price $315,000 28 % $296,500 18 % 21 %
Average Price $473,851 29 % $483,120 11 % 34 %
Average Selling TIme (days) 265 58 186 -52
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 53 -52 % 305 -8 %
Active Listings 310 -5 % 309 -18 %
Median Price $295,000 22 % $250,000 -1 % 40 %
Average Price $355,565 16 % $306,681 -1 % 42 %
Average Selling TIme (days) 182 -59 217 -21
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 3 - 17 -
Active Listings 14 - 20 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Balanced market
| 16
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Rimouski Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 118 -20 %
New Listings 148 -36 %
Active Listings 346 -34 %
Volume (in thousands $) 22,492 -20 %
Total Residential
Second Quarter 2020
Sales 539 17 %
New Listings 695 -16 %
Active Listings 429 -18 %
Volume (in thousands $) 104,497 24 %
Last 12 Months
100 and less 29 3 10.1 Buyer
100 to 149 37 8 4.9 Seller
150 to 199 93 13 7.2 Seller
200 to 249 64 8 8.1 Balanced
250 to 299 48 3 14.7 Buyer
more than 300 70 3 21.1 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 93 -30 % 455 16 %
Active Listings 272 -33 % 341 -18 %
Median Price $182,250 -1 % $180,000 2 % 4 %
Average Price $192,707 1 % $196,954 5 % 5 %
Average Selling TIme (days) 152 -13 133 -30
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 15 - 47 12 %
Active Listings 38 -39 % 46 -29 %
Median Price ** - $142,000 -9 %
Average Price ** - $151,234 -2 %
Average Selling TIme (days) ** - 206 34
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 8 - 35 35 %
Active Listings 33 -32 % 39 -9 %
Median Price ** - $200,000 15 %
Average Price ** - $211,731 22 %
Average Selling TIme (days) ** - 137 -28
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 17
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Rivière-du-Loup Agglomération
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 57 -52 %
New Listings 65 -46 %
Active Listings 198 -23 %
Volume (in thousands $) 11,042 -52 %
Total Residential
Second Quarter 2020
Sales 339 -5 %
New Listings 433 -17 %
Active Listings 220 -18 %
Volume (in thousands $) 68,079 5 %
Last 12 Months
100 and less 16 2 9.9 Balanced
100 to 149 16 4 4.0 Seller
150 to 199 45 8 5.6 Seller
200 to 249 46 5 8.4 Balanced
250 to 299 26 3 8.8 Balanced
more than 300 39 2 20.3 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 51 -48 % 286 -6 %
Active Listings 168 -24 % 187 -18 %
Median Price $190,100 D 0 % $185,500 4 % 12 %
Average Price $197,122 -1 % $201,234 8 % 2 %
Average Selling TIme (days) 154 50 142 3
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 3 - 25 -
Active Listings 10 - 12 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 3 - 26 -
Active Listings 18 - 19 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 18
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Rouyn-Noranda Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Seller’s market
Sales 100 -32 %
New Listings 110 -53 %
Active Listings 182 -26 %
Volume (in thousands $) 24,428 -35 %
Total Residential
Second Quarter 2020
Sales 407 -5 %
New Listings 504 -19 %
Active Listings 213 -5 %
Volume (in thousands $) 97,985 -4 %
Last 12 Months
100 and less 14 2 7.1 Seller
100 to 149 16 3 5.9 Seller
150 to 199 25 5 5.4 Seller
200 to 249 32 6 5.1 Seller
250 to 299 36 6 6.3 Seller
more than 300 55 7 7.8 Seller
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 82 -33 % 338 -2 %
Active Listings 148 -28 % 177 -3 %
Median Price $250,000 -2 % $235,000 -2 % 16 %
Average Price $247,059 -4 % $239,958 -1 % 13 %
Average Selling TIme (days) 128 32 104 D 0
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 5 - 17 -
Active Listings 8 - 8 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 13 - 52 -4 %
Active Listings 26 - 28 -3 %
Median Price ** - $271,500 4 % 29 %
Average Price ** - $271,487 4 % 10 %
Average Selling TIme (days) ** - 84 1
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Balanced market
Buyer’s market
| 19
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Sainte-Adèle Agglomeration
2
4
6
8
10
12
14
16
18
20
22
J A S O N D J F M A M J
Balanced market
Buyer’s market
Sales 180 7 %
New Listings 187 -38 %
Active Listings 463 -29 %
Volume (in thousands $) 53,445 42 %
Total Residential
Second Quarter 2020
Sales 675 19 %
New Listings 958 -15 %
Active Listings 550 -27 %
Volume (in thousands $) 186,000 38 %
Last 12 Months
100 and less 13 3 4.6 Seller
100 to 149 21 4 5.0 Seller
150 to 199 52 9 6.2 Seller
200 to 249 48 8 5.8 Seller
250 to 299 59 7 8.3 Balanced
more than 300 233 16 14.7 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 154 14 % 560 25 %
Active Listings 329 -35 % 426 -30 %
Median Price $260,000 27 % $248,750 17 % 44 %
Average Price $311,282 35 % $294,267 15 % 48 %
Average Selling TIme (days) 179 28 147 10
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 22 - 89 13 %
Active Listings 100 -5 % 88 -21 %
Median Price ** - $167,000 7 % 105 %
Average Price ** - $178,814 9 % 91 %
Average Selling TIme (days) ** - 144 -56
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 4 - 24 -
Active Listings 35 -20 % 36 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Seller’s market
| 20
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Sainte-Agathe-des-Monts Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 124 28 %
New Listings 117 -41 %
Active Listings 305 -27 %
Volume (in thousands $) 41,654 88 %
Total Residential
Second Quarter 2020
Sales 458 28 %
New Listings 599 -11 %
Active Listings 398 -9 %
Volume (in thousands $) 136,225 41 %
Last 12 Months
100 and less 13 2 6.0 Seller
100 to 149 23 3 7.4 Seller
150 to 199 60 6 10.7 Buyer
200 to 249 49 7 7.5 Seller
250 to 299 48 3 14.3 Buyer
more than 300 136 12 11.7 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 101 35 % 387 31 %
Active Listings 252 -27 % 328 -8 %
Median Price $270,000 49 % $239,000 9 % 56 %
Average Price $347,439 44 % $304,837 6 % 66 %
Average Selling TIme (days) 180 -11 170 6
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 7 - 31 -14 %
Active Listings 18 - 22 -
Median Price ** - $259,000 57 %
Average Price ** - $265,745 50 %
Average Selling TIme (days) ** - 165 -51
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 15 - 39 44 %
Active Listings 34 -26 % 47 1 %
Median Price ** - $222,450 17 %
Average Price ** - $255,618 20 %
Average Selling TIme (days) ** - 186 74
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 21
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Saint-Hyacinthe Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 152 -28 %
New Listings 137 -38 %
Active Listings 167 -49 %
Volume (in thousands $) 41,403 -17 %
Total Residential
Second Quarter 2020
Sales 636 2 %
New Listings 719 -22 %
Active Listings 228 -40 %
Volume (in thousands $) 164,138 15 %
Last 12 Months
100 and less 1 0 4.3 Seller
100 to 149 3 1 3.7 Seller
150 to 199 14 5 2.6 Seller
200 to 249 35 8 4.1 Seller
250 to 299 37 11 3.3 Seller
more than 300 55 10 5.8 Seller
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 97 -28 % 426 6 %
Active Listings 100 -54 % 145 -33 %
Median Price $274,500 11 % $260,000 10 % 33 %
Average Price $299,444 20 % $271,280 12 % 41 %
Average Selling TIme (days) 69 -16 82 D 0
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 31 -38 % 119 -20 %
Active Listings 22 - 27 -
Median Price $190,000 10 % $184,600 9 % 18 %
Average Price $200,248 8 % $197,655 11 % 18 %
Average Selling TIme (days) 66 -11 73 -26
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 23 - 88 28 %
Active Listings 43 -32 % 55 -17 %
Median Price ** - $245,000 -6 % -1 %
Average Price ** - $276,852 3 % 2 %
Average Selling TIme (days) ** - 106 11
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 22
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Saint-Sauveur Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 279 -12 %
New Listings 325 -38 %
Active Listings 653 -31 %
Volume (in thousands $) 97,316 1 %
Total Residential
Second Quarter 2020
Sales 1,093 13 %
New Listings 1,552 -13 %
Active Listings 798 -22 %
Volume (in thousands $) 357,730 25 %
Last 12 Months
100 and less 16 3 4.9 Seller
100 to 149 23 5 5.1 Seller
150 to 199 35 8 4.7 Seller
200 to 249 58 10 5.7 Seller
250 to 299 81 13 6.2 Seller
more than 300 457 37 12.2 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 239 -12 % 910 11 %
Active Listings 546 -31 % 670 -21 %
Median Price $316,000 10 % $298,500 7 % 37 %
Average Price $366,131 15 % $345,286 11 % 42 %
Average Selling TIme (days) 143 -14 123 -24
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 33 -3 % 149 19 %
Active Listings 72 -41 % 91 -32 %
Median Price $210,000 3 % $210,000 11 % 22 %
Average Price $243,030 23 % $223,682 10 % 27 %
Average Selling TIme (days) 112 -43 146 -37
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 7 - 34 48 %
Active Listings 31 -11 % 35 1 %
Median Price ** - $331,000 23 %
Average Price ** - $348,865 21 %
Average Selling TIme (days) ** - 116 -37
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 23
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Salaberry-de-Valleyfield Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 135 -25 %
New Listings 117 -46 %
Active Listings 194 -44 %
Volume (in thousands $) 32,043 -16 %
Total Residential
Second Quarter 2020
Sales 581 2 %
New Listings 650 -24 %
Active Listings 261 -31 %
Volume (in thousands $) 130,296 10 %
Last 12 Months
100 and less 2 1 2.7 Seller
100 to 149 15 4 4.2 Seller
150 to 199 35 10 3.6 Seller
200 to 249 46 14 3.3 Seller
250 to 299 25 5 4.9 Seller
more than 300 49 5 10.4 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 106 -22 % 455 1 %
Active Listings 122 -45 % 171 -32 %
Median Price $225,000 15 % $213,585 12 % 29 %
Average Price $239,483 15 % $223,605 9 % 27 %
Average Selling TIme (days) 93 6 88 -16
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 7 - 33 6 %
Active Listings 28 - 33 -26 %
Median Price ** - $175,000 3 %
Average Price ** - $197,757 4 %
Average Selling TIme (days) ** - 126 -61
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 22 - 92 7 %
Active Listings 44 -49 % 57 -33 %
Median Price ** - $220,000 4 % 33 %
Average Price ** - $236,175 5 % 15 %
Average Selling TIme (days) ** - 144 51
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 24
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Sept-Îles Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Buyer’s market
Sales 85 13 %
New Listings 78 -32 %
Active Listings 206 -22 %
Volume (in thousands $) 15,928 22 %
Total Residential
Second Quarter 2020
Sales 249 23 %
New Listings 367 -13 %
Active Listings 240 -8 %
Volume (in thousands $) 47,255 31 %
Last 12 Months
100 and less 20 2 8.3 Balanced
100 to 149 44 4 11.1 Buyer
150 to 199 54 6 9.7 Balanced
200 to 249 50 5 10.5 Buyer
250 to 299 33 1 23.4 Buyer
more than 300 26 2 12.7 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 85 15 % 243 22 %
Active Listings 196 -22 % 228 -9 %
Median Price $178,000 -6 % $190,000 1 % -10 %
Average Price $194,868 4 % $200,429 5 % -3 %
Average Selling TIme (days) 174 3 174 21
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 0 - 2 -
Active Listings 5 - 5 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 0 - 4 -
Active Listings 5 - 7 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Seller’s market
Balanced market
| 25
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Shawinigan Agglomeration
2
4
6
8
10
12
14
16
18
20
22
J A S O N D J F M A M J
Balanced market
Seller’s market
Buyer’s market
Sales 148 -6 %
New Listings 143 -42 %
Active Listings 358 -26 %
Volume (in thousands $) 21,895 D 0 %
Total Residential
Second Quarter 2020
Sales 576 17 %
New Listings 871 -7 %
Active Listings 415 -11 %
Volume (in thousands $) 77,324 18 %
Last 12 Months
100 and less 57 12 4.7 Seller
100 to 149 71 14 4.9 Seller
150 to 199 70 8 8.8 Balanced
200 to 249 27 3 9.4 Balanced
250 to 299 16 2 10.6 Buyer
more than 300 38 1 32.9 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 121 -8 % 480 24 %
Active Listings 223 -36 % 279 -15 %
Median Price $135,000 5 % $127,000 4 % 14 %
Average Price $149,794 3 % $136,780 -1 % 21 %
Average Selling TIme (days) 114 33 102 -11
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 9 - 13 -
Active Listings 31 35 % 26 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 18 - 82 -9 %
Active Listings 99 -7 % 104 -4 %
Median Price ** - $102,500 -3 % 11 %
Average Price ** - $115,662 6 % 13 %
Average Selling TIme (days) ** - 122 -79
Plex
Second Quarter 2020 Last 12 Months Past 5 years
| 26
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Sorel-Tracy Agglomeration
2
7
12
17
22
27
J A S O N D J F M A M J
Balanced market
Buyer’s market
Sales 144 -1 %
New Listings 132 -45 %
Active Listings 315 -35 %
Volume (in thousands $) 29,375 9 %
Total Residential
Second Quarter 2020
Sales 559 28 %
New Listings 678 -15 %
Active Listings 391 -17 %
Volume (in thousands $) 104,192 42 %
Last 12 Months
100 and less 15 4 4.0 Seller
100 to 149 50 10 5.2 Seller
150 to 199 76 13 5.9 Seller
200 to 249 34 6 6.2 Seller
250 to 299 24 3 7.4 Seller
more than 300 65 3 23.7 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 112 -3 % 451 27 %
Active Listings 196 -43 % 263 -22 %
Median Price $182,000 14 % $172,000 10 % 22 %
Average Price $208,935 16 % $185,953 10 % 26 %
Average Selling TIme (days) 143 10 128 -3
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 11 - 25 -
Active Listings 21 - 23 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 21 - 83 51 %
Active Listings 92 -16 % 99 -6 %
Median Price ** - $165,000 24 % 45 %
Average Price ** - $196,117 18 % 59 %
Average Selling TIme (days) ** - 231 22
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Seller’s market
| 27
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Thetford Mines Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Balanced market
Seller’s market
Sales 66 -42 %
New Listings 79 -40 %
Active Listings 174 -27 %
Volume (in thousands $) 8,471 -34 %
Total Residential
Second Quarter 2020
Sales 311 -8 %
New Listings 405 -22 %
Active Listings 199 -18 %
Volume (in thousands $) 39,529 1 %
Last 12 Months
100 and less 39 8 5.1 Seller
100 to 149 43 8 5.5 Seller
150 to 199 29 3 9.3 Balanced
200 to 249 12 1 10.6 Buyer
250 to 299 7 1 13.2 Buyer
more than 300 17 1 20.3 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 52 -41 % 251 -1 %
Active Listings 127 -30 % 146 -17 %
Median Price $112,500 -2 % $122,000 9 % 2 %
Average Price $133,202 11 % $132,383 9 % 8 %
Average Selling TIme (days) 131 59 117 19
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 3 - 11 -
Active Listings 10 - 9 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 10 - 46 -34 %
Active Listings 35 -20 % 43 -25 %
Median Price ** - $95,000 8 %
Average Price ** - $98,152 1 %
Average Selling TIme (days) ** - 149 -16
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Buyer’s market
| 28
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Val-d’Or Agglomération
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Seller’s market
Sales 125 -6 %
New Listings 142 -20 %
Active Listings 213 -8 %
Volume (in thousands $) 35,859 1 %
Total Residential
Second Quarter 2020
Sales 414 -1 %
New Listings 531 -1 %
Active Listings 220 -10 %
Volume (in thousands $) 111,228 4 %
Last 12 Months
150 and less 21 3 7.5 Seller
150 to 199 24 5 4.8 Seller
200 to 249 26 7 3.7 Seller
250 to 299 27 6 4.5 Seller
300 to 349 25 4 7.2 Seller
more than 350 65 6 11.0 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 103 -13 % 364 D 0 %
Active Listings 173 -15 % 189 -11 %
Median Price $265,000 7 % $250,000 5 % 43 %
Average Price $286,791 6 % $269,624 5 % 37 %
Average Selling TIme (days) 134 14 105 -24
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 4 - 9 -
Active Listings 22 - 18 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 18 - 41 -5 %
Active Listings 17 - 13 -29 %
Median Price ** - $270,000 6 %
Average Price ** - $276,354 7 %
Average Selling TIme (days) ** - 82 -14
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Balanced market
Buyer’s market
| 29
Definitions and Explanatory Notes
Table 1 - Summary of Centris Activity Table 2 - Detailed Centris Statistics by Property Category
Evolution of Market Conditions by Property Category*
Table 3 - Market Conditions by Price Range
Single-Family
Condominium
Plex
*Last 12 months
**Insufficient number of transactions to produce reliable statistics
Source: QPAREB by the Centris system
QPAREB Barometer - Second Quarter 2020
Nu
mb
er
of
mo
nth
s o
f in
ve
nto
ry
Victoriaville Agglomeration
2
4
6
8
10
12
14
16
J A S O N D J F M A M J
Seller’s market
Sales 101 -28 %
New Listings 88 -35 %
Active Listings 186 -30 %
Volume (in thousands $) 20,081 -23 %
Total Residential
Second Quarter 2020
Sales 445 12 %
New Listings 497 -11 %
Active Listings 210 -21 %
Volume (in thousands $) 85,184 17 %
Last 12 Months
100 and less 3 1 2.2 Seller
100 to 149 22 7 3.1 Seller
150 to 199 59 13 4.6 Seller
200 to 249 33 5 6.9 Seller
250 to 299 18 2 8.1 Balanced
more than 300 48 3 14.9 Buyer
Single-Family
Last 12 Months
Price Range
($ thousands)
Inventory
(average of
the 12 months)
Sales
(average of
the 12 months)
Months of
Inventory
Market
Conditions
(I) (V) (I)/(V)
Sales 91 -26 % 377 10 %
Active Listings 162 -26 % 183 -17 %
Median Price $182,000 13 % $178,000 9 % 29 %
Average Price $205,026 11 % $194,777 7 % 37 %
Average Selling TIme (days) 117 21 120 6
Single-Family
Second Quarter 2020 Last 12 Months Past 5 years
Sales 2 - 26 -
Active Listings 2 - 7 -
Median Price ** - ** -
Average Price ** - ** -
Average Selling TIme (days) ** - ** -
Condominium
Second Quarter 2020 Last 12 Months Past 5 years
Sales 8 - 41 24 %
Active Listings 21 - 21 -26 %
Median Price ** - $151,000 -16 %
Average Price ** - $187,929 -12 %
Average Selling TIme (days) ** - 104 -12
Plex
Second Quarter 2020 Last 12 Months Past 5 years
Balanced market
Buyer’s market
| 30
Definitions and Explanatory Notes Previous View
QPQPAREAREB BB Baromarometer eter -- Second Second QuaQuarter rter 2020
Centris System
The Centris system is the most extensive and current computerized database of
real estate transactions. It is governed by very specific rules that all real estate
brokers in Québec must adhere to. Only real estate brokers who are members of
QPAREB or a real estate board have access to it.
Residential
Includes the following property categories: single-family homes, condominiums,
plexes (revenue properties with 2 to 5 dwellings), and hobby farms.
New Listings
The total number of listings that have an "active" status on the last day of the
month. Quarterly and annual data correspond to the average monthly data for
the targeted period.
Active Listings
The total number of listings that have an "active" status on the last day of the
month. Quarterly and annual data correspond to the average monthly data for
the targeted period.
Number of Sales
Total number of sales concluded during the targeted period. The sale date is the
date on which the promise to purchase is accepted, which takes effect once all
conditions are met.
Volume of sales
Amount of all sales concluded during the targeted period, in dollars ($).
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.
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.
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.
About the QPAREB
The Quebec Professional
Association of Real Estate
Brokers (QPAREB) is a non-profit
association that brings
together more than 13,000 real
estate brokers and agencies.
Among other things, it is
responsible for the analysis and
publication of Quebec's
residential real estate market
statistics.
Information
This publication is produced by
the Market Analysis
Department of the QPAREB.
Contact us at: [email protected]
Copyright, terms and
conditions
© 2020 Quebec Professional
Association of Real Estate
Brokers. All rights reserved.
The content of this publication
is protected by copyright laws
and is owned by the Quebec
Professional Association of Real
Estate Brokers. 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.
| 31