QFREB News
Slight Recovery in Housing Starts in Québec in November 2018

Slight Recovery in Housing Starts in Québec in November 2018

According to preliminary data from the Canada Mortgage and Housing Corporation (CMHC), there were 4,090 housing starts in Québec centres with 10,000 or more inhabitants in November 2018. This represents a 1 per cent increase compared to November of last year. The...
Creation of 25,800 jobs in Québec in November

Creation of 25,800 jobs in Québec in November

According to Statistics Canada’s Labour Force Survey, 4,279,900 jobs (seasonally adjusted) were held in Québec in November 2018, which represents 25,800 more jobs than the previous month. Compared to November of last year, this number represents an increase of 16,400...
Province’s Real Estate Market Remains Vibrant in November

Province’s Real Estate Market Remains Vibrant in November

With 6,675 transactions registered by Québec’s real estate brokers in November, the province’s real estate market once again showed its vitality. In fact, sales increased by 5 per cent compared to November of last year. All three property categories...
Bank of Canada Maintains Overnight Rate Target at 1.75 Per Cent

Bank of Canada Maintains Overnight Rate Target at 1.75 Per Cent

The Bank of Canada announced today that it is maintaining its target for the overnight rate at 1.75 per cent. The Bank mentioned that the global economic expansion is moderating and that trade conflicts are weighing more heavily on global demand. In Canada, although...
Consumer Confidence Falls Dramatically in Québec in November

Consumer Confidence Falls Dramatically in Québec in November

According to the Conference Board of Canada, the proportion of Quebecers who feel that the time is right to make a major purchase, such as a property, stood at 35 per cent in November. This represents a decrease of 9 percentage points compared to last month and the...
Canadian Home Sales Fall in October

Canadian Home Sales Fall in October

According to the Canadian Real Estate Association (CREA), monthly home sales were down 3.7 per cent in October 2018 compared to the same month of last year and in line with the 10-year average for this month. “This year’s new mortgage stress-test has lowered how much...