Real estate press review of the week, September 2023
Real estate press review of the week, September 2023
Last week was particularly rich in real estate news. Here is a summary of the key information from this week’s real estate press review for September 2023:
- Housing crisis : According to an article in Journal de Québec, a deposit of $800 is now required to rent a 3 1/2 in the Mauricie region. This rise in entry costs reflects the growing tension in the rental market.
- Canadian debt : CPA Canada has released the results of a survey on debt, revealing that many Canadians are concerned about their ability to repay their debts, particularly their mortgages.
- Interest rate rise impact : The Journal de Montréal pointed out that mortgage rates close to 7% are increasingly worrying buyers and homeowners. This increase could have repercussions on the real estate market in the months ahead.
- The Micro-houses : TVA Nouvelles reported that minimaison kits are now available on Amazon for under $50,000. A trend that could revolutionize the construction market.
- Montreal : Global News has brought to light an interesting phenomenon: apartment swapping between tenants in Montreal. This emerging practice could be the answer to the city’s housing crisis.
- 2023 : MPA Mag shared its forecasts for real estate activity for the rest of the year. Despite the challenges, some experts remain optimistic about market stability.
- Real Estate and Aboriginals : Radio-Canada published an article on the challenges faced by Aboriginals in the real estate market, highlighting the need for a more inclusive approach.
- Educationnal Resal Estate promotion : The Journal de Québec highlighted a real estate developer who is reaching out to foreign students, showing a new facet of the Quebec real estate market.
In conclusion, the real estate market continues to evolve rapidly, with new challenges and opportunities emerging every week. At Équipe LS, we’re committed to keeping you informed of the latest trends and news to help you make the best decisions.
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