Articles tagged with "Forecast"

According to the Montreal Municipal Housing Office, the proportion of HLM buildings in good condition in Montreal increased from 24% in 2022 to 47% in 2025, attributed to significant investments. Despite this, 53% of buildings still require major renovations, requiring an additional one billion dollars. Additionally, the city plans to build 763 new social housing units to meet growing demand.

The article covers the recent municipal elections in Montreal, where a shift to the right is noted with Soraya Martinez Ferrada leading Ensemble Montréal. This shift has raised concerns among some Project Montréal members who worry about alliances with economic elites. The discussion revolves around the relationship with merchants and its impact on the local economy. Soraya is seen as someone who could bring change by supporting local businesses.

Action Gatineau secured the majority in the city council, highlighting a deep division within the city. The west, represented by Hull-Aylmer, remains loyal to a progressive party, while the east, with the Mario Aubé Team, embraces change. The Gatineau River now symbolizes a divide between two urban visions.

The TES Canada project is described as an initiative of unprecedented scale in the region. While specific details of the project aren't mentioned, its potential impact is highlighted as significant. The challenge is to envision the possible effects and fallout of a project of this size, never before experienced.

The steel industry in Canada, facing challenges such as zero-profit projects and canceled contracts, is looking towards potential Buy Canadian provisions in the upcoming federal budget for relief. These provisions, while offering some protection, are not expected to fully counteract the impact of U.S. tariffs. Industry stakeholders hope that these budget initiatives will bring some stability to ongoing projects. However, the broader issues of tariffs and market volatility remain significant hurdles.

The Bank of Canada has lowered its key overnight financing rate to 2.25%, with an official discount rate at 2.50%. Global economies show signs of slowing due to trade tensions, although the American economy has gained from investments in artificial intelligence. In Canada, the economy contracted in the second quarter, and the labor market remains weak with a 7.1% unemployment rate.

The Chamber of Commerce of Eastern Montreal (CCEM) calls for a firm commitment to the Eastern Structural Project, emphasizing the need for heavy transport. While Mobility Infra Québec (MIQ) is considering options like the tramway, as recommended by the ARTM, the CCEM rejected the idea of a rapid bus service. Most municipal parties support the tramway, which is seen as crucial for urban revitalization in East Montreal.

Property prices in Greater Montreal rose by 4.9% in the third quarter of 2025 compared to the previous year, driven by a cut in the Bank of Canada's key interest rate and increased property inventory. While the market is balancing, demand for affordable homes remains strong, with Quebec City seeing even greater price increases. Quebec stands out positively in this trend, unlike Ontario and British Columbia.

The real estate market in Quebec is experiencing rising prices despite economic challenges. Residents face increasing housing costs, making homeownership more difficult to achieve.

The Quebec real estate market demonstrated growth in the third quarter compared to the previous year. According to the Quebec Professional Association of Real Estate Brokers, both transaction volume and property prices have risen.

Mélanie Joly remains confident despite the lack of an agreement in the trade dispute between Canada and the United States. Negotiations continue to resolve the current disagreements. Ottawa and Washington have yet to reach a consensus. Even with this uncertainty, Joly is optimistic about the progress of the talks.

Mark Carney may address several issues by showing interest in the Keystone XL pipeline project, according to analysts. This approach is seen as potentially beneficial. The project had been previously abandoned due to environmental concerns.