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Quebec’s Economy Shrinks, Points to Headwinds for Real Estate Sector

Business Investment Continues To Decelerate and Real Estate Transactions Decline
Montreal recorded about $5 billion in commercial real estate sales through mid-September, and it is unlikely to equal the transaction levels of the previous two years. (Getty Images/iStockphoto)
Montreal recorded about $5 billion in commercial real estate sales through mid-September, and it is unlikely to equal the transaction levels of the previous two years. (Getty Images/iStockphoto)
CoStar Analytics
September 29, 2023 | 8:16 P.M.

Quebec's economy shrunk 0.5% in the second quarter from the first as investment by businesses shrank for a fifth consecutive quarter, signaling the province could be entering a recession.

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