Jordan Bergeron says he managed to buy a property in the region for around $250,000. According to him, it would have been impossible for him to buy the same property in the Quebec region.
“I was told that in Quebec, it would be worth between $350,000 and $400,000,” he said.
“My parents are in Quebec, but when we saw that the market was too high, we let it happen,” confided Louis-Pierre Cossette, who finally decided to buy from Arvida for a fraction of the asking price. in the Old Capital.
These statements come as no surprise to real estate broker Frédéricke Savard.
“Properties at $300,000, without prejudice, I don’t even think they exist in Montreal.”
-Frédéricke Savard, real estate broker at Via Capitale
There are major differences between large centers and remote regions. According to the Professional Association of Real Estate Brokers of Quebec (APCIQ), the median price of a single-family home in Montreal is $600,000, while the price is $300,000 in Saguenay-Lac-Saint-Jean.
Mr. Cossette, however, believes that prices have jumped in the region in recent years.
“Houses that cost $200,000 two years ago are now priced at $300,000,” he lamented.
For their part, real estate brokers hope that buyers will have to make fewer compromises.
Watch Frédérica Fortin-Foster’s report in the video.
