The Province Can Expect to See Record-Setting Residential Sales in 2018
As part of the 7th annual Fenêtre sur le marché conference, the Québec Federation of Real Estate Boards (QFREB) unveiled its outlook for the province’s 2018 residential real estate market.
Read the press release.
QUÉBEC POSTS A SLIGHT INCREASE IN HOMEOWNERSHIP RATE, UNLIKE CANADA
According to the latest 2016 census data published by Statistics Canada in October, 61.3 per cent of Québec households owned their home in 2016. Click here to read our latest Word from the Economist.
Real Estate Brokerage Act: the government is missing a tremendous opportunity to better protect the public
The QFREB welcomes with certain reservations the amendments proposed by the Québec Minister of Finance under the bill on the regulation of the financial sector, which includes a review of the Real Estate Brokerage Act (REBA). Read the press release.
According to Statistics Canada's Labour Force Survey, 4,259,000 jobs (seasonally adjusted) were held in Québec in November 2017, which represents 16,200 more jobs than the previous month. Also, compared to November of last year, this number represents an increase of...read more
The job market, mortgage interest rates and the migration balance are often considered to be the main determinants of real estate market performance. However, one can question whether consumer confidence is a determinant of real estate market performance or whether it...read more
According to preliminary data from the Canada Mortgage and Housing Corporation (CMHC), 4,604 housing starts were registered in Québec centers with 10,000 or more inhabitants during the month of October 2017. This number represents an increase of 67 per cent compared...read more