Home Real Estate General market slowdown but renewed enthusiasm for condominiums

General market slowdown but renewed enthusiasm for condominiums

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QUEBEC CITY, Oct. 05, 2021 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area (CMA) for the month of September, based on the real estate brokers’ Centris provincial database.

“The combined effects of an improved pandemic situation, a low supply of single-family homes on the market and a strong recovery in the new home market over the past several months have contributed to an overall slowdown in the resale market, while accentuating the popularity of condominiums,” said Charles Brant, director of the QPAREB’s Market Analysis Department. “The result is a clear tightening of condominium market conditions in favour of sellers with only 5.3 months of inventory, the first time…

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