Royal LePage welcomes completion of Quebec election

Removal of uncertainty provides stability to the Quebec residential real estate market

TORONTO, April 8, 2014 /CNW/ - Royal LePage welcomes the completion of the Quebec provincial election conducted April 7, 2014. The residential real estate market had faced potential volatility as homeowners contemplated what the various outcomes of the election could mean for the provincial economy, local businesses and property values. The election results will provide stability by removing political uncertainty for the near future.

"Our one hundred year old firm has been helping Quebecers buy and sell their homes for generations," said Philip Soper, president and chief executive of Royal LePage. "Public policy can impact home values, so it is important that Royal LePage remains connected to the economic issues our politicians are debating. I am delighted to see the Quebec election conclude with a convincing mandate for the new leadership. A strong and secure government encourages healthy, stable real estate markets, which is good news for the province and for Quebec home values."

"History shows that elections can have a short-term impact on the market. Now that the elections are over and that the all-important spring season has arrived, we are confident that the real estate market will continue to show signs of resilience in Montreal and across the province," added Dominic St-Pierre, director of Royal LePage for the Quebec Region.

Royal LePage has over 1,500 agents in Quebec and provides real estate services to brokerages and the clients they serve.

About Royal LePage
Serving Canadians since 1913, Royal LePage is the country's leading provider of services to real estate brokerages, with a network of over 15,000 real estate professionals in over 600 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women's and children's shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE.

For more information, visit www.royallepage.ca.

SOURCE Royal LePage Real Estate Services

For further information: Gwen McGuire, Kaiser Lachance Communications, 647-725-2520 x204, gwen.mcguire@kaiserlachance.com; Tammy Gilmer, Director, Global Communications & Public Relations, Royal LePage Real Estate Services, 416-510-5783, tgilmer@royallepage.ca