Housing prices in Quebec in 2024: market analysis by region

With the recent decreases in the master rate of the Bank of the Bank of Canada, the Quebec real estate market is evolving rapidly, with a demand that is still so strong and scarcity of housing. To maximize your possibilities of finding a property that meets your needs, it is important to understand the Real estate market trends by region And to prepare for it.

This article offers an overview of the prices of the housing in Quebec in 2024 and helps prepare a purchase in next year.

The Saguenay region has seen a significant price increase this year. In August 2024, the average price of a single -family house amounted to $ 300,000an increase of 15% compared to the previous year. Despite this increase, the region remains more affordable than other important centers in Quebec, thus offering a great opportunity for new buyers.

The inventory in the Saguenay Metropolitan Region has decreased slightly, with 423 properties for sale, which represents a 5%decrease. With an average sales period of 52 days, the houses are sold quickly, especially in the range of $ 230,000 to $ 380,000. The new real estate development is still more moderate here and is mainly concentrated in the cities of Chicoutimi and Jonquière. These areas are popular for their peaceful environment while they are near the urban centers.

Bas-Saint Laurent remains a popular region for its peaceful life environment and affordable prices. In August 2024, the single single -family price was $ 277,750up 12% compared to the previous year. With 300 properties for sale, the market remains balanced and the average sales time is 66 days. The new constructions in this region are still limited, but there is an increase in residential projects on the outskirts of the main centers. These projects are particularly attractive to families that seek to build a house at an affordable price.

The Quebec region is one of the most competitive markets in the province, with an average price for single -family houses in $ 390,000, An increase of 9% compared to the same period in 2023. Only 2,303 properties were available in August 2024, which represents a 13% drop. This rarity of properties contributes to an escalation, with 22 % of sales completed above the requested price, especially in the section of $ 290,000 to $ 490,000.

The new construction market in Quebec is expanding, where several condominiums and single -family houses are being carried out. The developments are concentrated in the sectors on the outskirts, especially Boiscatel, Ange-Gardien, Stoneham and Sainte-Brigitte-de-Laval.

The Chaudière-Apppales region is not only growing, but also experiences significant real estate development. In August 2024, the single single -family price was $ 275,000with an increase of 3%. The sales volume increased by 25 %, and the inventory of 1,508 properties (+11 %) still offers a good area of ​​opportunities for buyers.

They encourage new construction projects, particularly in Lévis and Beauce, where real estate developers develop residential neighborhoods with a high demand for condominiums and single -family houses.

The Beauce region, including the new Beauce, has a significant boom in the new real estate development. Cities such as Sainte-Marie and Saint-Georges see a growing number of residential projects, with unified houses, condominiums and twins. This growth is fed by local economic dynamism, especially in the manufacturing and agricultural sectors, which increasingly attract families and young professionals seeking a more peaceful life environment, while benefiting from the proximity to the main roads.

Trois-rivières is an affordable market with an average price of the unified houses of $ 331,500. With an 18% increase in the inventory (296 properties in August 2024), the market still offers some flexibility for new buyers. The average sales period remains fast, 49 days, with a sales concentration in the section of $ 250,000 to $ 410,000.

The new construction market in Trois-Rivières also experiences an expansion, with several residential projects in progress. The developments of unified houses and condominiums appear on the outskirts of the city, attracting new buyers in search of modern properties.

In the Montreal RMR, real estate prices vary between the island and its suburbs. On the island of Montreal, the Medium price Single -family houses reached $ 590,000while the condominiums is $ 407,100which makes it one of Quebec's most expensive regions. On the other hand, suburbs offer slightly more accessible prices: in the North shoreThe average price of a single -family house is $ 531,000with condominiums ranging between $ 345,000 and $ 375,000.

Montreal and its suburbs are still much more expensive than most other Quebec regions, which hinders access to property. The suburbs, although less expensive than the island, also experience a price increase and strong competition, especially on the southern coast.

The Quebec real estate market still presents great opportunities, but housing shortages and competition make this approach more complex, not to mention the fall in interest rates that stimulate the first buyers to invest. To navigate this market, it is essential to support a real estate professional.

Whether you are looking to buy an existing property or invest in a new construction project, the appropriate support allows you to make your ambitions and begin your new life in Quebec in solid bases.

In the Quebec home, we are his trusted advisors for a easily purchase. Make a free appointment for a personalized consultation.

To consult more statistics on the Quebec real estate market, see the Real State Brokers Professional Association of Quebec https://apciq.ca/statistiques/.