Québec’s real estate market is more active than ever. The number of residential transactions has been growing by about 5 per cent annually since 2015. However, despite the province’s economic vitality and consumer confidence, we still expect there to be a slowdown in residential sales growth in 2019. Read the Word of the Economist.
The QFREB would have liked the Québec government to adopt measures to improve homeownership and consumer protection. The budget released yesterday by the Legault government contrasts with the one tabled by Ottawa on Tuesday. Click here to read the brief.
The Québec Federation of Real Estate Boards is determined to adapt and evolve in order to meet the priorities and issues of real estate brokerage – particularly those of its members. It has worked hard in protecting and promoting the profession.
For several months now, the QFREB has been undertaking efforts to survey its 13,000 member brokers, such as at the real estate summit held last fall.
The QFREB commends the many real estate and housing measures announced yesterday by Canadian Finance Minister Bill Morneau, in particular the enhancement of the Home Buyers’ Plan (HBP) and a CMHC incentive making it easier to purchase a first home. Click here to read the brief.
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 47 per cent in April. This represents an increase of 3 percentage points compared to last month and the...read more
According to the Canadian Real Estate Association (CREA), monthly home sales were down 4.6 per cent in March 2019 compared to the same month of last year to the lowest level since 2013. It was also almost 12% below the 10-year average for March. “It will be some time...read more
According to preliminary data from the Canada Mortgage and Housing Corporation (CMHC), there were 3,886 housing starts in Québec centres with 10,000 or more inhabitants in March 2019. This represents a 37 per cent increase compared to March of last year. The Gatineau...read more