Condominium Resales

For Units Bought in 2015-2016 and Resold Before Dec. 31st 2019

Rapport JLR

ABOUT THIS PUBLICATION

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.

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Highlights

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

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