In Quebec, housing starts will reach a peak since 2011

Au Québec, les mises en chantier atteignent un sommet depuis 2011

MONTREAL — in Another sign of the vitality of the economy: the number of housing starts in Quebec has reached a peak since 2011.

Thus, for the first half of 2018, the number of housing starts amounted to 19 317 housing units, of any type, rental or not – is an increase of 18 percent compared to the same period in 2017, said a report of the DISCOVERY obtained by The canadian Press.

Starts of rental housing increased by 37 percent. Nearly 1 rental housing on 3 is for the elderly.

In general, a little more than 61 percent of households are homeowners, and nearly 12 percent are co-owners. In Montreal, the number of condominiums is more high, nearly 1 household in 5.

In addition, programs to encourage property owners to renovate their homes have actually been useful, since the value of the renovation work was declared in the cities has reached $ 1.1 billion for the first half of 2018, an increase of 7 percent compared to the same period in 2017.

Share

Add a Comment

Your email address will not be published. Required fields are marked *