Despite a pronounced slowdown at the end of the year, Québec's 2008 resale market recorded its second best year in its history in terms of the number of MLS® transactions. There were 79,402 sales, a 5 per cent drop compared to the record set in 2007. The metropolitan areas of Trois-Rivières (0 per cent) and Québec (-1 per cent) were spared, while those of Saguenay (-6 per cent), Montréal (-7 per cent), Gatineau (-9 per cent) and Sherbrooke (-11 per cent) saw a drop in activity. The average price of a single-family home, province-wide, grew by 4 per cent compared to 2007.
Remember – by all reports, Montreal is one of the highest-ranked cities for superb real estate. Nowhere else do you find such a unique and varied market. Montreal's great properties are synonymous with great value!
So why are foreign buyers(investors?)not coming to Montreal or Quebec City any more???