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Quebec Mortgage Rates

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About Quebec

More About: Living In Quebec

Quebec is the largest province by area and is the only predominantly French-speaking province. In fact, French is Quebec's only official language. Here are some more fun facts about Quebec:

  • The largest city in Quebec in Montreal, but the capital is stunning Quebec City, with a population of roughly 550,000 (Quebec has a total population of about 8.5 million)
  • Nearly 80% of residents live near the shores of the Saint Lawrence River
  • Quebec differs from the rest of Canada in many respects. For example, the province has two justice systems: civil matters are regulated by French-heritage civil law, while public law, criminal law and federal law operate according to Canadian common law
  • Half of Quebec is forested. This represents 20% of Canada's forests and 2% of the world's
  • In 1995, Québec nearly separated from the Canadian union. The vote resulted in 49.5% of respondents in favor of separation, and 50.5% against separation
  • The average home price in Quebec is roughly $300,000 – that's $100,000 cheaper than the national average
  • Price adjustments in the condominium sector are necessary and expected, especially in Montreal

FAQ: What does a price adjustment in the condominium sector mean?

In recent years, the condominium sector in Montreal has been booming, which led to over construction and elevated inventory supplies. This means that the prices of these condos are too high, and as such they aren't being purchased. To avoid a stagnated market, it is essential that this market sees a price adjustment so that inventory can start changing hands again.

Quebec Housing Statistics

La Belle Province is a great destination for both urbanites and nature lovers alike. With affordable housing and plenty to offer in terms of culture and opportunity, Quebec residents enjoy a high quality of life without breaking the bank.

Property Prices: Moderate Quality of Life Index: High
Cost of Living: High Traffic Index: High
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