Record-breaking sales in Quebec’s real estate market continued, driven by renewed interest in condominiums and plexes

 Record-breaking sales in Quebec’s real estate market continued, driven by renewed interest in condominiums and plexes

L’ILE-DES-SŒURS, Quebec, July 19, 2021 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its quarterly residential real estate market statistics for the province of Quebec, based on the real estate brokers’ Centris provincial database.

In total, 31,899 residential sales transactions were concluded in the second quarter of the year in Quebec, a 45 per cent increase compared to the second quarter of last year, when sales were severely hampered by the pandemic and fell by 24 per cent. However, the number of transactions in the second quarter of this year represents a new second-quarter sales record.

“One year after the lockdown measures that caused residential sales to plummet, it is clear that the market has more than rebounded: it has experienced phenomenal acceleration and has posted record-setting sales and price increases. But even though records were still being set in…

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