Alrighty, folks! Let's break down what's been happening in the housing market lately in a way that won't have you reaching for a dictionary.

So, the housing scene? Still going strong! For the fourth month straight, things have been looking up. Sales went up by 2.4% from last month, beating the average for the past decade by 2.2%. And get this: while there were a tad fewer new listings (down by 0.9%), the ratio of sales to new listings bumped up from 63% to 65%. Translation? It's a good time to be a seller!

Now, when it comes to types of homes, condos and single-family houses had a field day, with sales shooting up by 15.5% and 15.3%, respectively. But, gotta be real, single-family homes are still lagging behind their ten-year average by 7.9%. Hang in there, little houses!

Oh, and prices? They're on the up and up for the second month running. In most big metro areas, sales are on the rise, except in a couple of spots like Saguenay and Sherbrooke, where they dipped a bit. But hey, Quebec City saw condo sales go up by 6% this quarter – that's a whopping 31% jump compared to the ten-year average! And shoutout to Drummondville for keeping things balanced in a seller's market.

Now, let's talk jobs. Quebec lost about 18,000 of 'em, both full-time and part-time gigs, nudging the unemployment rate from 4.7% to 5%. But here's a silver lining: hourly wages saw a nice bump, climbing from 3.3% to 4.6%. Most of the job losses? Yeah, they hit the younger crowd, aged 15 to 24, who usually earn less. But hey, that's helped push up the average hourly pay. On the flip side, the employment rate took a little dip, hitting 61.3% – the lowest since June 2022.

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