The newspaper by Excellence in Real Estate
November 2008
Real estate
- Vacancy rates in residences for elderly people will reach 8 % in 2009
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- There will be less new residential construction sites everywhere in Quebec in 2009
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- The Quebec Economy has not caught a cold yet but it is beginning to cough
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- Quebec stays on course by increasing even more its new construction sites
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- The Montreal Economic Institute believes that one should eliminate low-cost public housing and rent control
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- The Resale Market still remains active in the Montreal Region
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- Municipalities issued $6.5 billion in building permits in September
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- Increased vacancy rates are expected in Montreal and Gatineau with a decrease in Sherbrooke however
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- The CMHC expects a certain decrease of new construction sites in 2009 in Quebec
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- Home-owners of Quebec still have the urge for renovation, now more than ever before
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