Le Lézard
Classified in: Business
Subject: ECO

Province's Residential Real Estate Market: The QFREB Revises its Forecasts Upward



L'ÎLE-DES-SOEURS, QC, July 3, 2015 /CNW Telbec/ - The Québec Federation of Real Estate Boards (QFREB) has just raised its forecasts for the province's 2015 residential real estate market. The QFREB now anticipates a 6 per cent increase in the number of transactions concluded through the Centris® system in Québec, after initially predicting an increase of 2 per cent.

"The surprise cut in interest rates at the start of the year and the stronger-than-expected recovery in terms of employment are the two main factors that explain the boost in activity compared to what we had originally predicted for 2015," explained Paul Cardinal, Manager of the QFREB's Market Analysis Department.

Here is an overview of the new forecasts for 2015 and predictions for 2016.

Province: Heading Towards the Largest Increase in Sales Since 2007

Montréal Area: Residential Sales to Increase by 6 Per Cent

Québec City Area: Prices Will Resume the Path of Growth

For more information, read the most recent Word from the Economist published by the QFREB.

 

SOURCE Fédération des chambres immobilières du Québec


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