The prices in real estate in Rimouski, in the Quebec region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Rimouski has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $43,438. In the following month the price per sq.feet decreased to $39,776. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 34 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $39,156.75 to $13,138.5 during February, and March.
Based upon to the price in Rimouski (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $151,144. In November This price remains at $157,442. During the following two months (December, January) the price has had an average incrementation from $154,293 to $166,145.5. During the last two months the average price has had a strong fall compared to the previous four going from $160,219.25 to $79,682.5, which means a 50 % fall.