Quebec outpaces national price gains last decade

The median for the province went from $94,500 in 2000 to $209,500 in 2010, a 122% increase, according to the report, written by manager Paul Cardinal.

At the same time, inflation went up a more modest 20%. Average prices in Canada were up 107% in the past decade.

Leading the way in the province was Quebec City, with its metropolitan area recording a 159% increase over the decade, going from $85,000 to $220,000.

Montreal jumped 133%, from $108,000 to $252,000, the highest median in the province.

But other parts of the province recorded much lower increases. Baie-Comeau, for example, rose just 40%, from $88,250 to $123,750. Shawinigan, which was the cheapest in 2000 at $68,000, remained the cheapest in 2010 at $118,250, jumping 74%.

Saint-Sauveur, which was the most expensive in 2000 with a median of $110,000, rose 105% to reach $225,000.

“The Quebec real estate market went through an exceptionally prosperous period between 2000 and 2010,” said Cardinal in the report.

In comparison, the average price of properties in Quebec increased just 10% between 1990 and 2000.

While the increase was 107% between 1980 and 1990, the report notes in that decade inflation was also higher at 77%.

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