{"id":1366,"date":"2023-02-07T15:40:09","date_gmt":"2023-02-07T20:40:09","guid":{"rendered":"https:\/\/www.ericjolander.com\/blogue\/?p=1034"},"modified":"2024-01-16T17:28:19","modified_gmt":"2024-01-16T17:28:19","slug":"the-evolution-of-sales-statistics-for-co-ownership-in-quebec","status":"publish","type":"post","link":"https:\/\/ericjolander.com\/en\/the-evolution-of-sales-statistics-for-co-ownership-in-quebec\/","title":{"rendered":"The evolution of sales statistics for co-ownership in Quebec"},"content":{"rendered":"

2022 was not kind on Quebec\u2019s co-ownership! Last trimester\u2019s statistics for this area show that sales had a 23% drop in December 2022, compared to December 2021. A decrease that touches the plexes harder, with a decrease in the number of sales of 27% over this same period.<\/p>\n

But this shows a bigger problem: there are not enough co-ownership to sell because there are not enough co-ownership on the real estate market. Indeed, according to the Association des professionnels de la construction et de l\u2019habitation du Qu\u00e9bec (APCHQ<\/a>), housing starts for the construction of new properties Weir facing \u00ab\u2009a 12% decline compared to the first half of 2021\u2009\u00bb.<\/p>\n

On the other, the average price for co-ownership in Quebec has increased of 11% in the end of 2022 compared to December 2021, and plexes have an increase of 9%. Rarity of available properties, although there have been multiple rises of the interest rate, has contributed to this increase.<\/p>\n

For potential new buyers, the option of a condo remains even more affordable than a single-family home or a semi-detached, and in a context of lodging scarcity, demands are stable. Also, some cities, like Montreal, offer financial incentives for new owners from $5,000 to $15,000.<\/p>\n

So, and although the current real estate climate seems uncertain, your sale can be possible! However, you will need to be patient before the transaction is settled.<\/p>\n

What to Expect in 2023<\/h2>\n

If the actual trend should continue for co-ownership and plexes, sell won\u2019t reach great heights during 2023. Moreover, new constructions for co-ownership apartments might reach its lowest level in 20 years. This is bad news for the real estate market since supply won\u2019t compete with demand.<\/p>\n

In terms of prices, Royal LePage expects a 2% decrease for the end of 2023 in the Greater Montreal Region, compared to the same time in 2022. More precisely, expect a 1.5% drop for co-ownership, compared to 2.5% for houses. This price drop expected on co-ownership could relaunch the real estate market. To be continued.<\/p>\n

You wish to know what it means for your co-ownership investments in Ahuntsic and its surroundings? Don\u2019t hesitate to call me. It would be my pleasure to assist you. Call me at: 514-975-1133<\/p>\n

Interested by real estate facts? Read more articles here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

2022 was not kind on Quebec\u2019s co-ownership! Last trimester\u2019s statistics for this area show that sales had a 23% drop in December 2022, compared to December 2021. A decrease that touches the plexes harder, with a decrease in the number of sales of 27% over this same period. But this shows a bigger problem: there […]<\/p>\n","protected":false},"author":1,"featured_media":1521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immobilier"],"acf":[],"yoast_head":"\nSales statistics for Condos - Eric Jolander<\/title>\n<meta name=\"description\" content=\"The sales statistics for Condos in Quebec shows a drop in sales in 2022. What is the reason of this decreased. 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