La Chambre immobilière de l’Outaouais:
An economic force with more than 400 active members

The real estate market in the Outaouais generates significant economic activity. It is a thriving industry – 5100 real estate transactions were completed in 2003 alone.

After a record-setting year in 2002, the Outaouais real estate industry showed no sign of slowing down in 2003. The volume of MLS^® sales reached $646 million, surpassing the record of $555 million set in 2002. The average price of a single-family home rose 16 % to $133,000 in 2003.

Did you know that real estate brokerage is a major contributor to the economic strength of the region? Each housing transaction carried out and registered on the Multiple Listing Service^® represents an economic windfall of $16,950 in terms of goods and services purchased. Professional fees are paid to notaries, appraisers and surveyors, taxes and fees are paid to governments and municipalities, and expenses are incurred for renovations and the purchase of furnishings.1

Whether you are buying or selling, turn to the one person who can ensure that the transaction is successful: a real estate agent who is a member of the Chambre immobilière de l'Outaouais and has access to the most powerful selling tool – the MLS^®/SIA^® system.

1 Economic impact of MLS^® home sales in the province of Quebec and the Greater Montreal area (Clayton Research, page i, April 2003).