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From Century 21 Survey Reveals Housing Price Variation Across Quebec

How could the Quebec Price Per Square Foot Survey affect Greater Montreal's housing market perception?

Possible What happens if… A possibility worth considering, not a forecast.

The survey reveals Montreal's high housing costs compared to other Quebec regions CENTURY 21 Canada's new Quebec Price Per Square Foot Survey provides detailed metrics on housing costs across the province, including the Greater Montreal area. The survey found that condo prices in Montreal averaged $650 per square foot, while detached homes averaged $600 per square foot. This places Montreal among the highest-priced markets surveyed, though it remains more affordable on a per-square-foot basis than many other major urban condo markets nationally. The data allows buyers and sellers to approach the market with a long-term perspective, comparing Montreal's figures to those in Sherbrooke and Quebec City.

Reported by 1 independent outlet Written Friday
Effect
Mixed
How direct
2 steps, all reported
When
Within weeks
The story
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How it reaches Greater Montreal

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The facts so far

As reported. Each one links to where it comes from.

  • Condo prices in Montreal averaged $650 per square foot.manilatimes.net
  • Detached homes in Montreal averaged $600 per square foot.manilatimes.net
  • The survey covers homes sold between January 1 and September 30 of this calendar year.manilatimes.net
  • Sherbrooke recorded the highest price per square foot outside Montreal, at $459 for condos and $491 for detached homes.manilatimes.net

Why it matters

Housing market data is critical for understanding the economic health and attractiveness of a major metropolitan area like Greater Montreal. The specific figures provided by the survey allow stakeholders, including buyers, sellers, and local government, to benchmark the cost of living and track long-term trends, rather than focusing only on short-term market fluctuations.

This survey is part of a broader effort by CENTURY 21 Canada to provide a long-term perspective on housing performance across Canada. By comparing Montreal's figures to those in regional markets like Trois-Rivières, which recorded condo prices as low as $298 per square foot, the data highlights the significant variation in housing costs across Quebec.

What we don't know yet

  • How will the survey's findings influence local municipal planning or policy decisions in Greater Montreal?
  • How does the long-term trend data compare to the national housing market trends?

What would change this answer

The survey releases data showing a significant drop in Montreal's average price per square foot.This would suggest the cooling trend mentioned in the reports is accelerating, potentially affecting buyer confidence and market activity.
The survey reveals that Montreal's per-square-foot prices are rising faster than other major urban markets nationally.This would increase the perceived pressure on the metropolitan area's housing affordability and infrastructure capacity.

Who else could feel it

Other possible ripples from the same event.

Reporting

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The full eventCentury 21 Survey Reveals Housing Price Variation Across Quebec Everything aboutGreater Montreal

Brind's analysis is written by AI from the reporting linked above and can be wrong. This explainer is a possibility worth considering, not a forecast: steps marked as Brind's reasoning are not stated in the reporting. It is not investment advice; do your own research.