The QFREB in favour of a reform of co-ownership and improved regulation of building inspectors
The QFREB welcomes the tabling of Bill 401 by Lise Thériault, Minister responsible for Consumer Protection and for Housing, which primarily aims to improve the quality of buildings, the regulation of divided co-ownership and the operation of the Régie du logement. Read the Press Release.
13,000 Québec real estate brokers mobilize against Bill 141
In view of the restrictive parliamentary calendar and the complexity of redefining a professional framework, the QFREB has concluded that the Minister of Finance must take more time to consult and reach consensus on necessary measures to clarify the professional requirements of real estate brokerage. Read the Press Release.
In Québec, a Growing Number of Properties are Selling Above the Asking Price
The QFREB has published a study showing that the proportion of residential properties that sold for more than the asking price has risen over the past year in each of the province’s six census metropolitan areas (CMAs).
According to the Canadian Real Estate Association (CREA), monthly home sales were down 16.2 per cent in May 2018 compared to the same month of last year. The average price for all residential MLS® properties sold in Canada in May 2018 was slightly over $496,000, down...read more
According to Statistics Canada's Labour Force Survey, 4,270,500 jobs (seasonally adjusted) were held in Québec in May 2018, which represents 5,000 more jobs than the previous month. Also, compared to May of last year, this number represents an increase of 65,000 jobs....read more
According to preliminary data from the Canada Mortgage and Housing Corporation (CMHC), there were 3,421 housing starts in Québec centres with 10,000 or more inhabitants in May 2018. This represents a jump of 15 per cent compared to May of last year. The Gatineau (+70...read more