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Quebec real estate market expected to cool in 2011: CMHC

Posted on 16 November 2010

From Montrealgazette.com: Quebec’s residential real estate market is expected to cool in 2011, with the pace of new construction slowing and resale housing prices growing by a modest 2.5 per cent, forecasts by Canada Mortgage and Housing Corp. show.
And Montreal’s sizzling new condo market - which is expected to nearly match the 10,000-unit record set in 2004 - should slow, with the multiple-unit housing start category expected to drop by nearly 11 per cent, year over year, the CMHC said Monday……………………………………….Full Article: Source

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