The Québec Federation of Real Estate Boards (QFREB) has calculated an average price per square foot for condominiums in the province’s six Census Metropolitan Areas (CMAs) and in the agglomerations of Saint-Sauveur, Mont-Tremblant, Saint-Jean-sur-Richelieu, Granby and Saint-Hyacinthe. Using the average price per square foot allows us to correct for the effect of condominium size, as opposed to our traditional price statistics, by putting them on an equal footing and therefore enabling us to compare the value of condominiums’ surface area by region.
Results show that in 2012 condominiums sold on average for $259 a square foot in the Montréal CMA, $212 in the Québec City CMA, $167 in the Gatineau CMA, $152 in the Sherbrooke CMA, $144 in the Saguenay CMA and $130 in the Trois-Rivières CMA. Outside the CMAs, the average price per square foot for condominiums was $200 in the agglomeration of Saint-Sauveur, $222 in that of Mont-Tremblant, $166 in that of Saint-Jean-sur-Richelieu, $173 in the agglomeration of Granby and $156 in that of Saint-Hyacinthe . Table 1 lists the average price per square foot for condominiums in the CMAs and agglomerations that were analyzed.