Quebec City housing
Despite falling mortgage rates and positive employment trends, the real estate market in Quebec City has been slow since 2013, and 2016 prices remained just as stagnant. First-time buyers have been the main drivers behind demand in the city, but average home prices still failed to reach the CMHC’s predictions for 2016. While the CMHC expected average prices to rise to $280,000, prices actually hovered around $270,000 all year.
The current outlook is that prices may actually decrease slightly in 2017.