L’ÎLE-DES-SŒURS, Quebec, March 05, 2020 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.
In total, 5,338 residential sales were concluded in February 2020, a 23 per cent increase compared to February of last year. This was the 60th consecutive month of sales growth.
Sales by geographic area
Sales by property category
Prices
"A new record was set this year for the number of sales transactions during a month of February, surpassing the previous peak that dates back to 2002," said Julie Saucier, president and chief executive officer of the QPAREB. “Active listings continue to decline, and this further tightening of the market in favour of sellers is leading to double-digit price growth in the tightest sectors," she added.
Number of properties for sale
In February, there were 20,619 active residential listings in the Montreal CMA, a 7 per cent drop compared to February of last year.
For February 2020 and year-to-date statistics charts, click here.
About the Quebec Professional Association of Real Estate Brokers
The Quebec Professional Association of Real Estate Brokers (QPAREB) is a non-profit association that brings together more than 12,700 real estate brokers and agencies. It is responsible for promoting and defending their interests while taking into account the issues facing the profession and the various professional and regional realities of its members. The QPAREB is also an important player in many real estate dossiers, including the implementation of measures that promote homeownership. The Association reports on Quebec's residential real estate market statistics, provides training, tools and services relating to real estate, and facilitates the collection, dissemination and exchange of information. The QPAREB is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l'immobilier du Québec. Follow its activities at qpareb.ca or via its social media pages: Facebook, LinkedIn , Instagram and Twitter.
About Centris
Centris.ca is Quebec’s real estate industry website for consumers, grouping all properties for sale by a real estate broker under the same address. Société Centris provides real estate industry stakeholders with access to real estate data and a wide range of technology tools. Centris also manages the collaboration system used by more than 13,000 real estate brokers in Quebec.
For more information:
Taïssa Hrycay
Director
Communications and Marketing
1-888-762-2440 or
514-762-2440, ext. 157
taissa.hrycay@qpareb.ca
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