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Record-Breaking Condominium Sales in Québec in November!

Record-Breaking Condominium Sales in Québec in November!

The province of Québec registered a seventh consecutive increase in residential sales in November. More than 6,380 transactions were concluded, a 9 per cent increase compared to November of last year. These figures come from the Québec Federation of Real Estate...

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An Exceptionally Low Unemployment Rate in Québec

An Exceptionally Low Unemployment Rate in Québec

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...

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Residential Housing Starts Trend Held Steady in October

Residential Housing Starts Trend Held Steady in October

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...

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Vibrant Residential Real Estate Market in October

Vibrant Residential Real Estate Market in October

Continuing its momentum from the last few months, the province of Québec registered 6,312 residential sales in October 2017, which represents a 7 per cent increase compared to October of last year. These figures come from the most recent statistics published by the...

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Québec Posts a Slight Increase in its Homeownership Rate

Québec Posts a Slight Increase in its Homeownership Rate

On October 25, Statistics Canada released 2016 Census data on Canada’s homeownership rates. With a homeownership rate of 61.3 per cent in 2016, Québec registered an increase over the last ten years, while Ontario, British Columbia and the Atlantic provinces all posted...

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One Property in Twelve Sold at a Higher Price

One Property in Twelve Sold at a Higher Price

The mid-year report revealed a rather dynamic Québec real estate market with rising sales, accelerated price growth and slightly tighter market conditions. In general, when market conditions are tighter and tend to favour sellers, properties sell close to or even...

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1 in 25 Condominiums Sold Over the Asking Price

1 in 25 Condominiums Sold Over the Asking Price

Following my post regarding sales above the list price for single-family homes, today, I would like to provide you with some statistics relating to condominiums. I have excluded new constructions from my calculations, since I noticed that many new units were selling...

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