Owners who resell their condominiums after a short period of time sometimes manage to obtain a higher price than the one paid for the purchase. However, others can be forced to resell their property at a lower price. This report presents a portrait of the condominium resale market for households that bought a unit in 2015 or 2016 and that resold it before January 1, 2019.
The statistics come from records compiled by JLR from the Quebec Land Register.
11%
of Condos Bought in 2015 or 2016 Were Resold Before December 31,2018
5,2%
Median Gain Between the Resale and the Purchase Price
26%
of Resales Were Made at a Price Equal or Lower than the One Paid When First Bought
+6,1%
Median Price Variation of Condominium Resales in the Montreal CMA
