Residential Sales Across Québec Were Up 6% in the 1st quarter of 2017
Despite the mortgage tightening measures in effect since last fall, the year 2017 got off to a good start as residential sales across Québec were up 6 per cent in the first quarter, as compared to the first quarter of last year. In total, 21,494 sales were registered in the real estate brokers’ Centris® provincial collaboration system in the first quarter of 2017, the best first-quarter result in five years. For full details, read the QFREB’s Barometer.
The vacation property market will continue to grow in Québec in 2017, according to the QFREB
While residential sales across the province grew by 5 per cent in 2016, sales of vacation properties increased by 11 per cent. This market segment should continue to grow in 2017, but at a slower pace than the previous two years. We are forecasting sales growth of around 5 per cent for vacation properties. Read the QFREB’s study for full details.