Section: Real-estate

CMCH SPRING 2015 RENTAL MARKET SURVEY (PROVINCE OF QUEBEC)

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CMCH SPRING 2015 RENTAL MARKET SURVEY (PROVINCE OF QUEBEC) -

CMCH SPRING 2015 RENTAL MARKET SURVEY (PROVINCE OF QUEBEC)

According to the Rental Market  Survey conducted in the spring  by Canada  Mortgage  and  Housing  Corporation  (CMHC),  the  average  vacancy  rate  of  private buildings with  three  units and over stood at 3.5  per  cent in April in urban centres (10,000  or more ) of Quebec. The  change in the nominal rate compared  to  that recorded in the spring of 2014 (+0.6 percentage point) was statistically significant.

MAI 2015 HOUSING STARTS IN QUEBEC

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MAI 2015 HOUSING STARTS IN QUEBEC -

MAI 2015 HOUSING STARTS IN QUEBEC

Housing starts in Quebec were trending at 26,124 units in May, compared to 27,165 units in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

Building permits, April 2015

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Building permits, April 2015 -

Building permits, April 2015

Contractors took out $7.8 billion worth of building permits in April, up 11.6% from the previous month and a second consecutive monthly advance. The gain in April stemmed from higher construction intentions in both the residential and non-residential sectors in Ontario.

Residential construction investment, first quarter 2015

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Residential construction investment, first quarter 2015 -

Residential construction investment, first quarter 2015

The total value of investment in residential construction rose 8.8% to $25.0 billion in the first quarter compared with the same quarter in 2014. While investment in new housing construction (+4.2% to $10.6 billion) also increased, acquisition costs for new dwelling units built (+38.0% to $3.0 billion) and renovation spending (+7.4% to $11.2 billion) accounted for much of the gain at the national level.

2015-2016 HOUSING MARKET OUTLOOK (PROVINCE OF QUEBEC)

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2015-2016 HOUSING MARKET OUTLOOK (PROVINCE OF QUEBEC) -

2015-2016 HOUSING MARKET OUTLOOK (PROVINCE OF QUEBEC)

"A gradual acceleration of Quebec’s economic growth over the next two years will provide some stimulus to housing demand in 2015 and 2016. During this  period, resale markets will tighten somewhat,  eventually  translating  into  higher  levels  of  housing  starts,"  according  to  Kevin Hughes, CMHC Regional economist for the province of Quebec.