The low interest rates that took hold in the early 2000s, globalization and technology are all cited as having contributed massively to the surge in real estate acquisitions and the meteoric rise in prices.
The city most affected by this crisis is Granby, which in 2022 had a vacancy rate of 0.1%, followed by Marieville (0.1%), Rimouski (0.2%), Drummondville (0.2%), Rouyn-Noranda (0.3%) and Saint-Georges (0.3%).
These factors include: low interest rates, globalization, zoning,[3] the large amount of rules for new construction, not enough new constructions to meet demand,[4] low property taxes, high immigration, NIMBYs, corporations buying homes, Airbnbs, bidding wars, renovictions, real estate flips, snowwashing, the temporary foreign worker program, foreign students, and lack of government intervention and initiative, among others.
As a result, many Aboriginal people are living in overcrowded homes, with all the social problems this can entail".
[13] That said, the Inuit of Quebec face similar problems,[14] but they don't live on reserves, and their villages have municipal status.
Furthermore, many women who find themselves trapped in a dangerous situation, such as with a violent spouse, have no way out available to them because of the high cost of housing.