Quebec City Residential Sales Moving To Pre-Pandemic Levels

The Quebec City, QC, census metropolitan area (CMA) had a historic drop in residential sales in November, a return to pre-pandemic levels of activity for this time of year, says the Quebec Professional Association of Real Estate Brokers (QPAREB). There were 670 transactions in November, which represents a 24 per cent decrease in sales compared to the same month last year. All property categories registered a decrease in transactions with condominiums decreasing by 39 per cent to 172 transactions and single-family homes and plexes registering decreases of 18 per cent and 11 per cent, respectively, for a total of 434 transactions and 64 transactions. Active listings are gradually increasing month after month, albeit at a much slower pace than at the provincial level.