The proportion of mortgage loans in arrears in Québec and Canada is currently at a historically low level. Read the Word from the Economist.
The QFREB welcomes the many measures affecting real estate and housing adopted by the Québec Minister of Finance, in the 2018-2019 budget. The Federation is particularly pleased with the announcement of a non-refundable tax credit for the purchase of a first home. Read the Press Release.
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.
The Bank of Canada (BoC) announced today that it will maintain its key interest rate at 1.25 per cent. As the BoC points out, the slowdown in economic growth in the first quarter of 2018 is largely due to weak performance in the housing and export markets. While...read more
According to the Canadian Real Estate Association (CREA), monthly home sales were down 22,7 per cent in March 2018 compared to the same month of last year. This was the lowest level of sales for a month of March in four years. The average price for all residential...read more
According to the Conference Board of Canada, in April, 40 per cent of Québec consumers felt that the time was right to make a major purchase, such as a property. This represents a higher proportion than the five-year average of 34.45 per cent and an increase of 3...read more