Canada's Second-Largest Administrative Division
Discover Quebec's Real Estate
The city of Quebec is the capital city of Quebec Province. The province is among the thirteen Canadian provinces and territories. It is the largest province in Canada by landmass. It is bordered to the north, south, east, and west by Ungava Bay and Hudson Strait; New York, Vermont, New Hampshire, Maine, and New Brunswick; Gulf of Saint and the Newfoundland and Labrador; and province of Ontario, Hudson Bay, and James Bay, respectively.
Culture, History, and Business
The city’s name was chosen by Samuel de Champlain, a French explorer in 1608. The area served as the administrative seat of New France, a French colony at the time. The city’s province was declared and established in 1763 after the Paris Treaty.
The city’s economy is robust due to its business diversity. The market is highly diversified, and here in the city, you can find all kinds of businesses from IT companies to the fashion industry and much more.
Quebec City has one of the highest GDP growths in the world. In the year 2012, Quebec City had the second-highest GDP in the world. The good economic conditions and strong GDP growth brings an abundance of investment projects to the city. The city currently has more than 300 investment projects that have a total revenue of more than $13 billion.
Quebec City is one of the favorite destinations for businesses because it is a great place for opening startups and new businesses. As there are hundreds of new businesses being opened every month, the city never gets short of its finances. Forbes Magazine ranked Canada among the top 5 countries to start your business in. Seeing the growth of the market, Quebec City is considered a perfect place for investments. Quebec City is considered as a home to several big multinational companies. Some of the major corporations in Quebec City are Atrium Innovations, Medicago, Bentley, Ubisoft, Novik, Technion, Modulex International, SSQ Financial Group, Olymel, etc.
The city, strategically located just 100km from the border of the US, makes it possible to trade between the two countries. The market of Quebec City is also open to the European and UK market, and there are several agreements done that help to bring trade in and out of the city. This attracts interest from a lot of people to come to the city to do business.
Quebec City is considered as a home to several big multinational companies. These companies help in driving the economy of the city. Some of the major corporations in Quebec City are Atrium Innovations, Medicago, Bentley, Ubisoft, Novik, Technion, Modulex International, SSQ Financial Group, Olymel, etc. The names are enough to show the diversity in the working sector of the city.
Real Estate Appeal
According to research, it costs as much as twice to buy a home in Montreal compared to Quebec City. The average median price for a single-family home in Quebec City is $260,000. If you are looking for investing in a condominium, then the average median price is $195,000. For multiplex houses that have 2 to 5 dwellings, the average median price is $300,000.
The cost of an apartment in the city center is C$2,368.06 per sq. meter while outside the city center cost C$2,552.57 per sq. meter. Overall, the city of Quebec is a great place for making an investment and getting good profits. For details of why you should consider investing and the hottest neighborhoods, see our subsequent related articles.
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