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2014-2015-2016 HOUSING MARKET OUTLOOK (PROVINCE OF QUEBEC)

2014-2015-2016 HOUSING MARKET OUTLOOK (PROVINCE OF QUEBEC)

According  to  the  latest  forecasts  conducted  by  Canada Mortgage and Housing Corporation (CMHC),  Quebec housing starts will amount to 38,200 units in 2014, 39,000 units in 2015, and 40,100 units in 2016.

According to Kevin Hughes, CMHC Regional economist for the province of Quebec,  "A gradual pick  up  in  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, which will help sustain housing starts. However, despite an edging up of demand, the expected supply levels will keep price growth below the 2 per cent mark."

Following an increase in sales next year (72,600, from 70,900 this year), buying conditions in 2016 will be somewhat impeded by slightly higher interest rates. Nonetheless, 73,400 Centris® resales  will  be  achieved  in  2016  as  more  robust  labour  markets  push  up  demand.  Prices  of resale homes will post marginal growth during the next two years.

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Québec Landlords Association

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