S'abonner à PMML | Insights

Actualités du marché envoyés à chaque semaine

En vous inscrivant au blog PMML, vous restez dans l’action et acceptez d'être tenu au informés des dernières tendances du marché pour maximiser le rendement de vos investissements immobiliers.

Summary of statistics| Nick Slobodinuk

Nick Slobodinuk, Executive Vice President, real estate broker PMML, a summary of statistics shared by the IDU during its event entitled Montreal real estate market trends 2023.

Since 2009, interest rates have fluctuated from very low to 5%. The Bank of Canada has increased rates to counter inflation. The consequences are starting to be felt, especially on five-year refinances. Population growth is on the rise despite the rates. GDP has slowed due to higher interest rates. Inflation is expected to return to around 2%. Rates are likely to remain high until 2025. Housing starts dropped in 2023, but the demand for housing remains strong despite construction costs rising by 41%. The government is considering measures to alleviate the housing crisis.