For a few years now, Gaspé has experienced a positive economic expansion, with consequences on the real estate and rental market: increasing offers to buy a house and very low rental vacancy rate.

In reaction to this situation, the Town of Gaspé adopted, in June 2005, a residential development policy to promote such projects on its territory. The main goal is to participate in residential development by offering financial assistance programs that can reach a maximum of  25 % of the cost of the project.

 Since its adoption, this policy has contributed to several development projects:

• 18  lots in Placements Gaspé sector
• 25  lots in downtown Gaspé (Côte-Bellevue and LeBreux streets)
• 22  lots in Sandy-Beach (Forest street)
• 50 lots in Rivière-au-Renard (Martin and Des Cerfs streets) for relocation of houses   damaged by the 12  lots in Corte-Réal (Père-Watier street) due to floods, August 9 2007

Community Housing

In 2007, Québec Government announced 2 major rental building construction projects: 24 units in Rivière-au-Renard and 36 units in Gaspé.