Study on Real Estate Foreclosures

Province of Qubec
2004-2012
Residential Properties
1 to 5 units and condos

PRODUCED BY
JLR RECHERCHE
IMMOBILIRE

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Yearly volumes
60 day notices and foreclosures
2004 to 2011

9500

3300

Province of Qubec
8500
60 day notice

2800

Foreclosure

7500

2300

6500

5500

1800

4500
1300
3500

2500

800
2004

2005

2006

2007

2008

2009

2010

2011

Volumes for these two types of registered deeds are declining since their peak in
2009.
This downward trend has increased for foreclosures while it has slowed down for 60
day notices.
Current volumes are similar to those of 2008, right around the start of the last global
recession, but they are trending down.
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Quarterly 60 day notice and foreclosure

volumes
1st quarter 2004 to 1st quarter 2012

2500

1000
60 day notice

900

Foreclosure
2000

800

600

60 day notice

1500

500

1000

400
300

500

200

100
0

The above chart shows the quarterly volumes, to help get a better
understanding of the trends.
For 60 day notices, we are seeing for the first time since 2005 that the
volumes for 20121* are smaller than the volumes for 20114*.
We observe the same trend for foreclosures but need to go back as far
as 2004 to find a similar situation.

* Quarters are labeled following the YYYYQ or Qn YYYY naming convention. For
example, the first quarter of 2004 will be labeled as 20041 on the above chart, or as
Q1 2004 in the Administrative Regions statistics, appearing on following pages.

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Foreclosure

700

Breakdown by Administrative Regions

140
120

Capitale-Nationale
60 day notice:

60 day notice
Foreclosure

Q1 2012: 89
Q4 2011: 116
Q1 2011: 98

100

Q1 2012 VS Q4 2011: -23%

Q1 2012 VS Q1 2011: -9%

80
60

Foreclosure:
40

Q1 2012: 24
Q4 2011: 20
Q1 2011: 20

20
0

80
70

Q1 2012 VS Q4 2011: 20%

Q1 2012 VS Q1 2011: 20%

Centre-du-Qubec
60 day notice
Foreclosure

60 day notice:
Q1 2012: 48
Q4 2011: 54
Q1 2011: 61

60
50

Q1 2012 VS Q4 2011: -14%

Q1 2012 VS Q1 2011: -11%

40
30

Foreclosure:
20

Q1 2012: 21
Q4 2011: 27
Q1 2011: 32

10
0

Q1 2012 VS Q4 2011: -22%

Q1 2012 VS Q1 2011: -34%

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Breakdown by Administrative Regions

90
80

Chaudire-Appalaches
60 day notice:

60 day notice
Foreclosure

Q1 2012: 83
Q4 2011: 85
Q1 2011: 65

70
60

Q1 2012 VS Q4 2011: -2%

Q1 2012 VS Q1 2011: 28%

50
40

Foreclosure:

30

Q1 2012: 22
Q4 2011: 18
Q1 2011: 28

20
10
0

120

Q1 2012 VS Q4 2011: 22%

Q1 2012 VS Q1 2011: -21%

Estrie
60 day notice:

60 day notice
Foreclosure

Q1 2012: 71
Q4 2011: 65
Q1 2011: 91

100
80

60

Q1 2012 VS Q4 2011: 9%
Q1 2012 VS Q1 2011: -22%

40

Foreclosure:
Q1 2012: 38
Q4 2011: 40
Q1 2011: 38

20
0

Q1 2012 VS Q4 2011: -5%

Q1 2012 VS Q1 2011: 0%

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Breakdown by Administrative Regions

Lanaudire

350

60 day notice:

60 day notice
Foreclosure

300

Q1 2012: 246
Q4 2011: 252
Q1 2011: 252

250

Q1 2012 VS Q4 2011: -2%

Q1 2012 VS Q1 2011: -2%

200
150

Foreclosure:
100

Q1 2012: 69
Q4 2011: 85
Q1 2011: 85

50
0

Q1 2012 VS Q4 2011: -19%

Q1 2012 VS Q1 2011: -19%

400
350

Laurentides
60 day notice:

60 day notice
Foreclosure

Q1 2012: 338
Q4 2011: 363
Q1 2011: 332

300
250
200

Q1 2012 VS Q4 2011: -7%

Q1 2012 VS Q1 2011: 2%

150

Foreclosure:
Q1 2012: 95
Q4 2011: 92
Q1 2011: 94

100
50
0

Q1 2012 VS Q4 2011: 3%
Q1 2012 VS Q1 2011: 1%

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Breakdown by Administrative Regions

180
160

Laval

60 day notice:

60 day notice
Foreclosure

Q1 2012: 118
Q4 2011: 99
Q1 2011: 132

140
120

Q1 2012 VS Q4 2011: 19%

Q1 2012 VS Q1 2011: -11%

100
80

Foreclosure:

60

Q1 2012: 12
Q4 2011: 24
Q1 2011: 16

40
20

Q1 2012 VS Q4 2011: -50%

Q1 2012 VS Q1 2011: -25%

90
80

Mauricie
60 day notice:

60 day notice
Foreclosure

Q1 2012: 58
Q4 2011: 60
Q1 2011: 49

70
60

Q1 2012 VS Q4 2011: -3%

Q1 2012 VS Q1 2011: 18%

50
40

Foreclosure:

30

Q1 2012: 17
Q4 2011: 18
Q1 2011: 21

20
10
0

Q1 2012 VS Q4 2011: -6%

Q1 2012 VS Q1 2011: -19%

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Breakdown by Administrative Regions

600

Montrgie

60 day notice:

60 day notice
Foreclosure

Q1 2012: 486
Q4 2011: 463
Q1 2011: 434

500
400

Q1 2012 VS Q4 2011: 5%
Q1 2012 VS Q1 2011: 12%

300

Foreclosure:
200

Q1 2012: 100
Q4 2011: 126
Q1 2011: 116

100

Q1 2012 VS Q4 2011: -21%

Q1 2012 VS Q1 2011: -14%

400
350

Montral

60 day notice:

60 day notice
Foreclosure

Q1 2012: 271
Q4 2011: 305
Q1 2011: 264

300
250
200

Q1 2012 VS Q4 2011: -11%

Q1 2012 VS Q1 2011: 3%

150

Foreclosure:

100

Q1 2012: 38
Q4 2011: 36
Q1 2011: 35

50

Q1 2012 VS Q4 2011: 6%
Q1 2012 VS Q1 2011: 9%

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Breakdown by Administrative Regions

200
180

Outaouais

60 day notice:

60 day notice
Foreclosure

Q1 2012: 107
Q4 2011: 118
Q1 2011: 154

160
140
120

Q1 2012 VS Q4 2011: -9%

Q1 2012 VS Q1 2011: -31%

100
80

Foreclosure:

60

Q1 2012: 40
Q4 2011: 44
Q1 2011: 44

40
20
0

70
60

Q1 2012 VS Q4 2011: -9%

Q1 2012 VS Q1 2011: -9%

SaguenayLac-Saint-Jean
60 day notice
Foreclosure

60 day notice:
Q1 2012: 49
Q4 2011: 39
Q1 2011: 42

50
40

Q1 2012 VS Q4 2011: 26%

Q1 2012 VS Q1 2011: 17%

30

Foreclosure:

20

Q1 2012: 15
Q4 2011: 23
Q1 2011: 20

10
0

Q1 2012 VS Q4 2011: -35%

Q1 2012 VS Q1 2011: -25%

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