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Updated about 4 years ago on .

Account Closed
  • Investor
  • Sherbrooke, Québec
19
Votes |
77
Posts

Long term outlook for Quebec?

Account Closed
  • Investor
  • Sherbrooke, Québec
Posted

Hi all, just wondering if anyone would like to give their long term (10-15 years) for the province of Quebec? personally, i am bullish on property prices and rents for the following reasons. 

1) it seems like Quebec has yet to experience much of the appreciation seen in Ontario and BC (more room for growth)

2) landscape/open air and climate ... Quebec has beautiful mountains and lakes, better than Ontario in my opinion but not as good as BC. with people fleeing the cities due to COVID, they have to go somewhere and Quebec is a nice place to live with many small towns near lakes and mountains.

3) Montreal - one of the best cities in North America with a rapidly growing tech scene. this is already triggering an appreciation wave outward from Montreal.

4) population boom? quebec experienced rapid growth in 2019 (which was understandably slowed by the pandemic in 2020) but this might pick up again in coming years:

https://montrealgazette.com/ne...

my main pet peeves about quebec and what i think holds it back is the whole stigma about french, language laws, bloated bureaucracy and inefficient public services.