outlook on the market 2013

Low mortgage interest rates coupled with modest growth in the province’s job market should be beneficial to the residential real estate market in 2013. However, the tightening of mortgage rules that came into effect last July, which greatly contributed to the drop in sales in the second half of 2012, will continue to hamper real estate activity in 2013. The number of transactions concluded by a real estate broker in Québec is expected to decrease by 4 per cent compared to 2012 and price growth will be more moderate, both for single-family homes and condominiums.

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Matthew Warsh

Matthew Warsh

Real Estate Broker
CENTURY 21 Vision
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