Residential and Commercial Real Estate Broker
The challenges of real estate overheating in Quebec
Real estate brokers cleared
As the Quebec real estate market slowly recovers from an unprecedented period of overheating, some have questioned the work of brokers and wondered if their activities are contributing to the rapid rise in property prices.
In the detailed brief of the Association professional of real estate brokers in Québec, the phenomenon of overheating is explained by market conditions, in particular a glaring lack of properties for sale (40,000 units missing), and not by the work of brokers. real estate.
Moreover, this scarcity of inventory, which was already emerging before the pandemic, as well as a dozen other factors contributed to creating a perfect storm that led to a rapid rise in prices.
Real Estate Overheating: Consequences and Solutions
First-time buyers are the main victims of current market conditions. Inventory is shrinking, prices are exploding, bidding escalates, making their dream of becoming a homeowner increasingly uncertain. Many even had to resign themselves to abandoning their project.
To restore hope to first-time buyers of home ownership, we must first ensure that the market regains a fair balance. And all the specialists agree on this point, market equilibrium requires a significant increase in the supply of properties made available to buyers.
To address affordability issues, this means implementing programs and incentives that will promote the construction of new housing to increase supply on the market and counter rising prices.
Source: Professional Association of Real Estate Brokers of Quebec (APCIQ)
Jean-Francois Lussier - Proprio Direct real estate broker, a guarantee of trust and quality!
Region of Montérégie and in particular in Coteau-du-Lac, Rivière-Beaudette, Salaberry-de-Valleyfield, Beauharnois, Ormstown, Les Cèdres, Saint-Clet, Les Coteaux, Saint-Stanislas-de-Kostka, Sainte-Justine-de-Newton, Saint-Zotique, Saint-Télesphore, Saint-Anicet, Huntingdon, Saint-Polycarpe, Howick
Businesses, Commercial, Condominiums, Cottages, First Time Buyers, Intergenerational, Land, Luxury Homes, Multiplex, Panoramic View Homes, Residential, Waterfront Properties
PROPRIAS - Prix Excellence 2018
PROPRIAS - Prix Excellence 2018
17 available properties
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For more than 30 years, Proprio Direct has attracted both buyers who want to buy direct and those who prefer to buy with a broker. It is well known, the more buyers we attract, the more we increase our chances of selling quickly.
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