The 75% increase in housing foreclosures by financial institutions in 2016 is cause for concern in the Lower St. Lawrence region.
According to Stéphane Gauvin, Raymond Chabot Grant Thornton Recovery & Reorganization Partner, this situation is due to the high unemployment rate in the region and lower disposable income per resident. He goes on to stress the importance of anticipating all of the expenses involved in purchasing a home and, of seeking advice immediately in the case of financial difficulties.
For more information, read the article (in French) published on the TVA Nouvelles site on January 17, 2017.
Stéphane Gauvin was also interviewed on the same topic on Radio Canada on January 12, 2017. Hear the show (in French).
10 Feb 2017 | Written by :