Use of the HBP Drops in Québec

After analyzing exclusive statistics from the Canada Revenue Agency regarding the Home Buyers' Plan (HBP), the QFREB found that use of this program is decreasing in the province and calls for a modernization of the program in order to increase the homeownership rate in Québec. To read the Word from the Economist, click here

Record Number of Sales on Québec’s Residential Real Estate Market in the 2nd Quarter of 2017

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, 25,638 sales were concluded in the second quarter of the year, a 4 per cent increase compared to the second quarter of last year. This was the 12th consecutive quarterly increase in sales and a new second-quarter sales record.

More Than Three out of Four Consumers Sell Their Property Through a Real Estate Broker 

The QFREB estimates that three out of four residential real estate resales in Québec are concluded through the Centris® provincial collaborationsystem used by real estate brokers. The share of Centris® sales has grown steadily from about 70 per cent in 2013 to 75 per cent today. Click here to access the QFREB’s press release.

The High-end Residential Real Estate Market is on a Roll 

The province’s residential real estate market is currently enjoying strong momentum in the higher price ranges. Over the last 12 months, the number of properties sold at $500,000 or more increased by 20 per cent for single-family homes and by 33 per cent for condominiums. Click here to read the Word From the Economist.