A Second Quarter of Record-Setting Sales in the Province of Québec
The Québec Federation of Real Estate Boards (QFREB) has released its most recent residential real estate market statistics for the province of Québec, based on the real estate brokers’ Centris provincial database. In total, 27,037 sales were concluded in the second quarter of 2018, setting a new second-quarter record. This was also a 6 per cent increase in sales compared to the second quarter of last year. Read the Press Releases.
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.
According to the Conference Board of Canada, in May, 41 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 34.77 per cent and a decrease of 1...read more
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