Sales in Quebec City remained at exceptional levels in October and the number of properties for sale fell even further

QUEBEC CITY, Nov. 03, 2020 (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 October, based on the real estate brokers’ Centris provincial database.

According to Charles Brant, director of market analysis at the QPAREB, “Quebec City continues to be the metropolitan area whose market conditions have tightening the fastest to the advantage of sellers. There was a 45 per cent increase in sales and a further drop in listings, which is unprecedented for a month of October."

October highlights

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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 13,000 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, Twitter and Instagram.

About Centris

Société Centris provides real estate industry stakeholders with access to real estate data and a wide range of technology tools. Centris tools are used by close to 14,000 real estate brokers, as well as other industry professionals. Centris also operates Centris.ca, the most visited real estate website in Quebec.

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Image bank (credit QPAREB) available free of charge.

An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f57ef997-0f74-4e4b-a323-23e1efc95b2c