Quebec Real Estate Inventory Portrait

MULTI-RESIDENTIAL IN QUEBEC: GEOGRAPHICAL ANALYSIS

The inventory of the multi-residential real estate in the province of Quebec comprises over 66,000 properties. The majority, 71%, consists of properties with 5 to 11 units. Properties with 12 to 49 units account for 25% of the total. Finally, properties with 50 units or more make up 4% of the provincial inventory.

In terms of distribution, the Montreal region takes the lead with a majority share of 43% of the inventory. Following are Longueuil, representing 13.2%, and the region of Quebec, at 13.0%, placing just below Longueuil with a difference of less than 200 properties. Laval also holds a significant share, 8%, with a difference of 2,500 properties compared to the region of Quebec.

Among the properties with 50 units or more in the province of Quebec, 52% are located in the Montreal region, while the rest of this region accounts for 12% of these properties. Additionally, in the Gatineau region, 9% of the properties belong to the category of properties with 50 units or more.

PROFILE OF REAL ESTATE OWNERS IN QUEBEC

The majority of owners, 73%, own buildings with 5 to 11 units, followed by 23% who own between 12 and 49 units, while 4% own a building with more than 50 units.

The regional distribution of property owners aligns with the provincial ranking in terms of property numbers.Montreal ranks first with over 24,000 owners for 23,000 properties. This situation suggests the possibility of multiple owners on the same property. In contrast, in the region of Quebec, there are approximately 5,500 owners for 7,000 properties, which equates to a ratio of 1.27.

MULTI-RESIDENTIAL REAL ESTATE AVERAGES IN QUEBEC

In the Quebec region, the average owner owns 2.03 properties, with an average of 36 units. The Quebec region is tied with the city of Trois-Rivières for the highest average number of properties owned. However, for Trois-Rivières, the average number of units is 20. Finally, Sherbrooke closely follows with an average of 1.93 properties and an average of 25 units.

The Laval/North Shore region has the lowest average, with 1.48 properties per owner and an average of 23 units per owner, closely followed by the Lanaudière region with an average of 1.51 for 17.4 units.