Our partners, Eleonora Eusepi and Alain Castonguay, along with our lawyers Joseph Piazza and Alessia Talarico, contributed to the drafting of the Canadian chapter of the new Chambers and Partners Real Estate guide.
Our professionals analyzed observed trends and developments, highlighting four key changes shaping the ever-evolving landscape in Quebec, namely:
- The proposed increase in the capital gains inclusion rate triggered a ripple effect on investment decisions, leading to a wave of asset sales, project delays, and market volatility before it's cancellation in March 2025.
- Significant amendments to the Competition Act (R.S.C., c. C-34), which introduced new constraints and compliance requirements, directrly impacting real estate transaction structuring.
- Ongoing efforts to address the housing crisis, including federal legislation prohibiting the purchase of specific properties by non-canadians, accompaniedby municipal regulations and incentives, which have sparked intense debate over the effectiveness of current policies and the role of private developers in providing affordable and social housing.
- The governement's extension of the period during which non-canadians are prohibited from purchasing specific residential properties now lasts until January 1, 2027.