Section: Real-estate
Building permits, November 2013
Published on by Communication service
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
"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
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
Published on by Communication service
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
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.
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