In absolute numbers, it’s a “significant drop” of 1,501 sales, according to the Quebec Professional Association of Real Estate Brokers (QPAREB).

The 2,770 sales, listed in the Centris provincial database of real estate brokers, are representing the lowest level of activity recorded since 2014 for the month of October.

General decline

Although below the average for Montreal’s CMA, Laval is still behind by 29 per cent, its sales having dropped from 407 to 289 in 12 months.

Of all sectors, the North Shore is the one that’s doing the best, despite a 26 per cent decline in transactions.

Analyzing

“The rise’s amplitude in interest rates in the space of a few months, and the inflationary context eating into the purchasing power of households are obviously the main causes,” explained by press release director of the market analysis service of the QPAREB, Charles Brant.

Brant also noted “a more cautious attitude of households and investors, who would have the financial capacity to make their purchase project possible, but prefer to wait for a stabilization of the situation, and a market conditions that will be more favorable to them”.

Registrations Up

In this context of a more significant slowdown in sales, the increase in the number of active listings continued for a sixth consecutive month across Montreal’s CMA.

Registrations reached a total of 16,269 in October, up seven per cent from the previous month. Compared to the 10,840 properties on the market at the same date last year, the increase is around 50 per cent.

In Laval, registrations increased by 45 per cent between October 2021 and 2022, going from 903 to 1,310.

However, when comparing the first 10 months of the current year with the same period in 2021, the inventory’s increase is rather 10 per cent in the whole metropolitan area, and three per cent for Laval’s territory.

translated by Alec Brideau

L’article Real Estate Market: The Fall in Sales Worsened in October est apparu en premier sur Courrier Laval news.

The 2021 National Physician Health Survey, conducted in November 2021, reports that the medical workforce is struggling with a weakened healthcare system, and many challenges created by the pandemic.

Nearly half of respondents (48 per cent) tested positive for depression, a higher proportion than that of the 2017 CMA survey (33 per cent).

A quarter of practicing physicians are suffering from severe (10 per cent) or moderate (15 per cent) anxiety.

Preliminary data from this year are indicating that 53 per cent of respondents have reported experiencing high levels of burnout.

“Every day, physicians are expressing despair about the state of our health care system, the pressure that all health care workers are under and the suffering of their patients,” said via press release Dr. Alika Lafontaine, president of the CMA. “Since the survey was conducted, the workload has kept getting heavier with no sign of respite on the horizon. They need help to continue to provide quality care.” (J.B./IJL)

translated by Alec Brideau

L’article A Quarter of Physicians Are Suffering From Moderate to Severe Anxiety est apparu en premier sur Courrier Laval news.