Section: Real estate

Building permits, November 2013

Published on by Communication service

Building permits, November 2013 -

Building permits, November 2013

Contractors took out $6.8 billion worth of building permits in November, down 6.7% from October. This decline follows an 8.0% gain the previous month. Despite this monthly decrease, the total value of permits continued to show a slight upward trend on the strength of eight monthly increases since the beginning of 2013.

DECEMBRE 2013 HOUSING STARTS IN QUEBEC

Published on by Communication service

DECEMBRE 2013 HOUSING STARTS IN QUEBEC -

DECEMBRE 2013 HOUSING STARTS IN QUEBEC

"Since the summer of 2013, we have observed a somewhat increased rate of residential housing starts in Quebec, which is not surprising considering the sharp slowdown that occurred at the outset of 2013. We do not expect, however, to return to the pace of previous years, as it would be unsustainable given the  easing  on  the  resale  market  and  given  demographic  projections,"

Canadian home sales little changed in November

Published on by Communication service

Canadian home sales little changed in November -

Canadian home sales little changed in November

Highlights:

  • National home sales edged 0.1% lower from October to November.
  • Actual (not seasonally adjusted) activity was 5.9% above November 2012 levels.
  • The number of newly listed homes rose 1.8% from October to November.

OCTOBER 2013 RENTAL MARKET IN QUEBEC

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OCTOBER 2013 RENTAL MARKET IN QUEBEC - RENTAL MARKET

OCTOBER 2013 RENTAL MARKET IN QUEBEC

On the basis of a sample of structures common to both the  2012 and 2013 surveys, the average rent for  two-bedroom  apartments  increased  by  1.7  per  cent  in  the  province.  This  rate  reflects  those observed for the other bedroom types.

Homes slightly less affordable across Canada in Q3 2013

Published on by Communication service

Homes slightly less affordable across Canada in Q3 2013 -

Homes slightly less affordable across Canada in Q3 2013

Improved vitality in Canada's housing market, together with an increase in mortgage rates this past summer, set the stage for the second consecutive quarterly deterioration in affordability in the third quarter of 2013, according to the latest Housing Trends and Affordability Report released by RBC Economics. Still, RBC says that affordability levels have yet to pose an immediate threat to the housing market's overall health and stability.