Focus on the Market
This section will summarize the main news stories related to the real estate market and the economy.
April 7, 2021
In a recent report, the CMHC studied the effects of the current pandemic and teleworking on the behaviour of home buyers in the greater Montreal area.
In March, the Institut de la Statistique du Québec (ISQ) published a portrait of the demographic situation in Quebec in 2020. In its study, the ISQ explored the consequences of the restrictions put in place to slow the progression of the COVID-19 pandemic.
March 9, 2021
The COVID-19 pandemic has led to a notable increase in remote working and has prompted many North Americans to move out of urban centres to larger, more affordable homes outside the city. The American magazine PC Mag has identified the best work-from-home cities in Canada and the United States.
In a recent report, the CIBC studied the impact of the pandemic on Canadians’ propensity to want to move out of major urban centres. While current teleworking practices are fostering this “exodus”, the CIBC warns workers that moving further away from their workplace could be a big mistake.
In an analysis released in January, RBC Bank presented its Canadian housing market forecasts for 2021 and 2022. RBC forecasts benchmark price growth of 9 per cent in Quebec in 2021. The increases will be greater in smaller markets than in large urban centres.