The Real Estate Success Story of Canadian Province Quebec Relates with all of North America!!

Quebec: Real Estate Success Story
Quebec: Real Estate Success Story

The Real Estate success story of the Canadian Province of Quebec

Check out the full report of CMHC here.

Story Highlights:

Quebec households’ net worth grew by 81.8% from 1999 to 2016. Principal residences were a big part of this increase.

During the period, the house prices grew significantly. The homeownership rate also grew. These 2 factors caused the share of Quebec households’ total assets accounted for by principal residences to grow, too.

This net worth growth was somewhat lesser than average Canadian net-worth growth, because, the homeownership rate and growth in house prices were relatively lower in Quebec.

Housing Market Insight – By CMHC

 

 

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