Canada’s real estate market stands on stable footing. On average, healthy year-over-year house price gains were recorded during the first three months of 2008. While more modest price increases were observed when compared to previous quarters, the solid appreciations noted in the first quarter are largely due to the shared effects of resilient local economies, high immigration levels, and … [Read more...]
RBC Housing affordability forecast for 2008
March 17, 2008 By Leave a Comment
A new report released by the Royal Bank of Canada informs us: in 2007 home ownership became less affordable nation wide, but prices stayed fairly stable in the Quebec market. Quebec - affordability still manageable "The nationwide deterioration in affordability conditions hit every province last year. The hit to Quebec, however, was much more muted. A generally balanced market has helped keep … [Read more...]
Quebec housing starts up significantly in February
March 11, 2008 By 2 Comments
According to the latest monthly starts survey conducted by Canada Mortgage and Housing Corporation (CMHC), residential construction registered a strong increase this past month in centres with 10,000 or more inhabitants across Quebec. In fact, 2,810 housing units were started in February, or 50 per cent more than during the same period a year earlier. The dynamics were different, however, … [Read more...]
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