Québec Residential real estate market: 2017 activity report and 2018 outlook

A record 82,639 sales were concluded last year through the real estate brokers’ Centris® system. This is a 6 per cent increase over 2016 and the third consecutive year of growth.
Read the Word from the Economist.

THE QUÉBEC FEDERATION OF REAL ESTATE BOARDS CALLS FOR A FAIR AND EQUITABLE REGULATION OF REAL ESTATE BROKERAGE

The QFREB on behalf of Québec’s 13,000 real estate brokers is asking the government to change the definition of the brokerage act so that all professionals who provide advice as real estate specialists are subject to the same rules. Read the press release.

Residential Sales in Québec Set a New Record in 2017

The Québec Federation of Real Estate Boards (QFREB) has just released its results for the province’s 2017 residential real estate market, based on the real estate brokers’ Centris® provincial database. Read the press release.

QFREB NEWS

Québec’s Consumer Confidence Decreases Sharply in February

According to the Conference Board of Canada, in February, 37 per cent of Québec consumers felt that the time was right to make a major purchase, such as a property. This represents a 7 percentage point decrease compared to January, but is higher than the five-year...

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Canadian home sales drop in January

According to the Canadian Real Estate Association (CREA), monthly home sales were down 2.4 % in January 2018 compared to January of last year. According to CREA's President : "The piling on of yet more mortgage rule changes that took effect starting New Year’s Day has...

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A Slight Increase of the Unemployment Rate in Québec

According to Statistics Canada's Labour Force Survey, 4,266,500 jobs (seasonally adjusted) were held in Québec in January 2018, which represents 17,400 less jobs than the previous month. Also, compared to January of last year, this number represents an increase of...

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