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Quebec Imposes Additional Regulations For Landlords, To Protect Condo Tenants

Quebec Imposes Additional Regulations For Landlords, To Protect Condo Tenants

On Wednesday, the provincial government added further legislation to Bill 16, with the aim of protecting vulnerable tenants. TL;DR: Additions to the bill include shorter waiting times for rental disputes, renovation funds, and mandatory, standardized inspection training. Bill 16 is the biggest reform in the history of Quebec’s rental board (Régie du Logement). It will […]

Bank Of Canada: Overnight Rate Target Will Be Held At 1.75%

Bank Of Canada: Overnight Rate Target Will Be Held At 1.75%

The Bank of Canada expects economic growth to pick up in the second quarter of 2019, and for housing activity to stabilize due to population gains and improved global financial conditions. Given these developments, the Governing Council has judged that an accommodative policy interest rate continues to be warranted They will continue to evaluate the appropriate […]

Condos Now Account For More Than Half Of All Property Sales In Montreal

Condos Now Account For More Than Half Of All Property Sales In Montreal

According to QFREB’s latest report, the proportion of condominium sales relative to other property sales has dramatically increased in Montreal. Whereas condos only represent 24% of sales in the Quebec province, that number jumps up to well over 50% on the Island of Montreal. Given the rising prices of single family homes and the increasing […]