Soft Landing for the 2023 Real Estate Market Despite Higher Interest Rates
L’ÎLE-DES-SŒURS, Quebec, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the province of Quebec , based on the real estate brokers’ Centris provincial database.
- L’ÎLE-DES-SŒURS, Quebec, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the province of Quebec , based on the real estate brokers’ Centris provincial database.
- “An orderly normalization of the Quebec market took place in 2023, despite a context that has been marked by a brutal hike in interest rates since 2022.
- For a market to be fluid, there must be a sufficient number of first-time homebuyers,” notes Charles Brant, QPAREB Market Analysis Director.
- Two factors are influencing the postponement of purchase plans: a climate of economic uncertainty and expectations of a drop in interest rates in 2024.