Real Estate - The first 4 Months of 2014 in the Gatineau Hills

The Conference Board of Canada recently noted that we in the Outaouais, were generally in a balanced market - leaning towards a buyer's market - meaning that the advantage tended more on the buyer's side for a while. During time like this, it goes to reason that sellers should not attempt to price too speculatively - if at all - until things change.

Here is the page of the Quebec Federation of Real Estate Boards that reports directly on our region of the Outaouais. (The text is in French but the numbers are in English) Please call me  if you need help  with some of the headings.


  It shows that generally, sales are down 8% and  total dollar volume down 13% during this 4 month period. Over the last 12 months,  sales down 5%, -  sales volume even.

Single homes (unifamiliale) down 6% for 1st 4 months and -3% over 12 months.  The median price is down 3%  for the 1st 4 months and up 1% for 12 months.

The box labeled "tableau 3"  at the bottom right of page 11 again summarises a "buyer's  market"  for all  price categories.

Will the passing of the Quebec election and its results have a beneficial effect? The market should  reveal itself on this soon as the sun warms up and the tulips bloom.



Joseph Woods

Joseph Woods

Real Estate Broker
CENTURY 21 Macintyre Inc.
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