Quebec Landlords Association

Quebec Landlords Association

December 13, 2013 10:17 ET

Quebec Landlords Association: Figures That Don't Reassure Property Owners, According to the 2013 Rental Report of the CMHC

MONTREAL, QUEBEC--(Marketwired - Dec. 13, 2013) - The Quebec Landlords Association (APQ) is concerned by the results of the CMHC survey.

Vacancy rate in the province, no great variation but still high

"The owners have several apartments for rent and they're worried. The situation is far from what we saw in the early 2000's and the condos that stay vacant may complicate things for rental property owners," says Martin Messier, president of the Quebec Landlords Association (APQ).

Rental report rates:

  • Montreal 2.8%
  • Quebec 2.3%
  • Sherbrooke 5.3%
  • Trois-Rivières 5.1%
  • Saguenay 2.8%

The Gatineau-Ottawa region has the most important change in the vacancy rate, from 3.3% last year to 5.1% this year.

Such a rate commands a stop in the construction of social housings according to the Quebec Landlords Association (APQ). The APQ considers it preferable for both tenants and owners that aid from all levels of government translates into assistance to the tenant (or the owner hosting) rather than building new subsidized housings.

According to the information document of AccèsLogis between 20% and 50% of residential units are occupied by eligible households supplement rent program.

In the Sherbrooke region where the rate exceeds 5% we are constantly building new housings and even 100 units of social and affordable housing per year is expected, and this, until 2017!

"In areas where the vacancy rate is very high, homeowners suffer of serious damage because they are unable to rent their units. Property owners feel aggravated by the unfair competition as the government allocates funds to build new social housings".

Rents being up on average 1.7%, average rent $699

"The report released this morning shows that rental owners increase very little, and in fact, these increases don't often cover the large increases in property taxes and the costs of major repairs. We are very far from the situation criticized by the RCLALQ". adds Mr.Messier.

Founded in 1984, the Quebec Landlords Association (APQ) is the largest association providing services to owners of rental housings while being present in all regions of Quebec.

Contact Information