Buying Intentions Remain Unchanged in the Residential Market: The 18-34 Age Group Still Want to Become Homeowners
The APCHQ, the QFREB and the Fonds immobilier de solidarité FTQ released the results of a survey conducted by the firm Léger. The survey indicates that despite tighter mortgage rules, rising interest rates and increasing property prices, 23% of Québec households intend to buy a residential property within the next five years. Read more
Which areas had the largest increases in sales? Which dominated the top 10 list for price growth? What were the most affordable and the most expensive areas in 2018? To find answers to these questions, read the Word from the Economist.
Given the significant impact that the real estate industry has on the province’s economy, the QFREB believes it is essential that the Québec government adopt measures that will improve homeownership as well as consumer protection. Click here to read the brief (in French).
The 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, 86,557 sales were concluded in 2018, a 5 per cent increase compared to 2017. Read the communiqué
According to the Canadian Real Estate Association (CREA), monthly home sales were down 4 per cent in January 2019 compared to the same month of last year and turned in the weakest January since 2015. “Homebuyers are still adapting to tightened mortgage regulations...read more
According to preliminary data from the Canada Mortgage and Housing Corporation (CMHC), there were 1,779 housing starts in Québec centres with 10,000 or more inhabitants in January 2019. This represents a 17 per cent increase compared to January of last year....read more
According to Statistics Canada’s Labour Force Survey, 4,299,600 jobs (seasonally adjusted) were held in Québec in January 2019, which represents 16,400 more jobs than the previous month. Compared to January of last year, this number represents an increase of 38,100...read more