{"id":827,"date":"2022-09-24T06:09:04","date_gmt":"2022-09-24T06:09:04","guid":{"rendered":"https:\/\/2courtiers.ca\/?p=827"},"modified":"2022-09-24T06:14:03","modified_gmt":"2022-09-24T06:14:03","slug":"le-marche-immobilier-au-quebec-bilan-et-previsions-pour-2022","status":"publish","type":"post","link":"http:\/\/2courtiers.ca\/en\/le-marche-immobilier-au-quebec-bilan-et-previsions-pour-2022\/","title":{"rendered":"THE REAL ESTATE MARKET IN QUEBEC: FORECASTS FOR 2022"},"content":{"rendered":"
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After an incredibly dynamic year for the real estate market in 2020 and 2021, what will 2022 be?<\/strong><\/p>\n

Overheating, overbidding and overvaluation are just some of the things that have marked the real estate industry in recent months \u2014not to mention the substantial drop in the inventory of available properties, which did not prevent us from breaking sales records.<\/p>\n

Will these trends also influence 2022? Will we finally see the real estate market calm down and return to some normalcy? Will those who took advantage of low mortgage rates to carry out their project suffer major repercussions?<\/p>\n

Here is an overview of what could take shape on the Quebec market in the coming months.<\/p>\n

Current state of the real estate market and a look back at 2021<\/strong><\/h2>\n

The real estate market boom in 2021 has definitely exceeded all expert expectations and forecasts.\u00a0pr\u00e9visions<\/a>\u00a0des experts.<\/p>\n

In fact, the increase in prices was much greater than expected (+ 24% at the provincial level). The return to stability, so much hoped for with the end of the health regulations, has also not occurred, although a certain slowing down of activities has been perceptible for several months.\u00a0although a certain slowing down of activities<\/a>\u00a0has been perceptible for several months.<\/p>\n

Moreover, according to a finding made in November by the Canadian Real Estate Association (ACI),\u00a02021 broke the record for residential sales in Canada!<\/strong>The Professional Association of Real Estate Brokers of Quebec (APCIQ) observed that\u00a02021 was the second most active year on record in Quebec<\/strong>with more than 108,900 sales.<\/p>\n

\"Pr\u00e9dictions<\/p>\n

Declining sales and housing shortage<\/strong><\/h3>\n

While we have already observed an imbalance in the market in recent years, this imbalance has continued to increase during 2021. In fact, supply is now much lower than demand, and listings are so rare in some places that we are now talking about a shortage of properties.<\/p>\n

For the month of January 2022,\u00a0the number of active listings decreased by 15% for the Montreal CMA and 33% for the agglomeration of Quebec<\/strong>\u00a0compared to the same period the previous year.<\/p>\n

This shortage of supply necessarily has the effect of slowing down the number of sales (-27% for the Montreal region and -16% for the Quebec region), despite the still current popularity of the market.<\/p>\n

Plexes and condominiums take over<\/strong><\/h3>\n

While single-family homes remain the type of property most sought after by all categories of buyers, some households are turning away from it due to the low supply and the unsustainable increase in its cost.<\/p>\n

During 2021, condominiums and plexes have therefore taken on greater importance in the market. This premiere is even positioned as\u00a0a must for home ownership,<\/strong>not only in large cities, but throughout the province. This is especially true for younger buyers or less well-off households looking to exit the rental market.<\/p>\n

Plexes have also become an interesting category, particularly because they offer the possibility for landlords to take advantage of rents to help pay the mortgage.<\/p>\n

\"Mise<\/p>\n

Affordability issues<\/strong><\/h3>\n

Already well underway in 2020, the increase in the cost of housing continued in 2021. The median price of a single-family home has also reached $362,000 in Quebec, which represents an\u00a0annual increase of 24%.<\/strong>.<\/p>\n

Qu’en est-il de 2022? Au mois de janvier, le prix m\u00e9dian pour une unifamiliale s’\u00e9tablissait \u00e0 :<\/p>\n