Quebec City Area: Increase in Buying Intentions
According to a recent Léger survey, 22 per cent of households in the Quebec City area intend to buy a property within the next 5 years. Furthermore, residents living in this area do not intend to leave the region.
In total, 22 per cent of households plan to buy a property within the next 5 years and first-time buyers represent 51 per cent of future buyers.
Seventy per cent of respondents said they want to purchase a detached house, 8 per cent prefer a semi-detached, 5 per cent prefer a row house and 14 per cent intend to buy a condominium.
On average, 72 per cent of respondents believe they will purchase an existing property and 15 per cent want to buy a new property within the next 5 years.
In total, 14 per cent of respondents plan to sell their property within the next 5 years and, among them, 28 per cent are considering a return to renting.
Eight per cent of respondents plan to sell their second home and their rental property within the next 5 years.
Main reasons given for selling their property
- 76 per cent of respondents wish to sell their main residence to purchase one that has more space in order to improve their quality of life
- 54 per cent want to have an office space
- 49 per cent for the arrival of children
A survey on buying and selling intentions in the residential real estate sector was conducted in the fall of 2020, in collaboration with the Fonds immobilier de solidarité FTQ, the Société d’habitation du Québec (SHQ) and the Association des professionnels de la construction et de l’habitation du Québec (APCHQ. Learn more.