When the price of houses encourages people to leave Montreal for Quebec

More than half of Greater Montreal residents who aspire to become homeowners are considering moving to a city where the real estate market is more affordable and Quebec is their first choice.

At least that’s what a non-probability survey carried out by the firm Hill & Knowlton on behalf of Royal LePage suggests, the results of which were published on Wednesday.

The opinion survey was conducted online from May 13 to 16 among 900 Canadian residents aged 18 and over who live in the country’s three largest urban regions: Greater Toronto, Greater Montreal and Greater Montreal. Vancouver.

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Royal LePage anticipates an increase in property costs of 8.5% in Greater Montreal in 2024. (Archive photo)

Photo: Radio-Canada / Ivanoh Demers

Half of respondents said they would consider purchasing property in a more affordable Canadian city if they were able to find a job there or work remotely.

In addition, 54% of survey participants who live in Greater Montreal are thinking of going to live elsewhere. This is a higher proportion than respondents in Greater Toronto (51%) and Greater Vancouver (45%).

Quebec at the top of the list

When asked where they would like to move, 29% of Greater Montreal residents answer Quebec. The capital is followed by Sherbrooke (15%), Trois-Rivières (12%) and Gatineau (12%).

Hill & Knowlton used Léger Opinion’s online panel. As this is a non-probability sample, no margin of error can be associated with it. For comparison purposes, the polling house specifies that a probability sample of 900 respondents would have a margin of error of ± 3 % 19 times on 20.

Quebec occupies eighth place in the ranking of the most affordable Canadian cities developed by Royal LePage.

Its affordability index is based on the percentage of income needed to meet the monthly payment of a mortgage loan.

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Residents of Greater Montreal could be seduced by the more affordable cost of properties in Quebec. (Archive photo)

Photo: Getty Images / buzbuzzer

Properties are considered the most affordable in Thunder Bay, Ontario. The Quebec city that obtains the best ranking is that of Trois-Rivières (4th). Sherbrooke comes in ninth position, while Gatineau is in fifteenth place.

minutes from everything”,”text”:”20 minutes from everything”}}”>20 minutes from everything

According to Marc Bonenfant, real estate broker at Royal LePage Inter-Québec and owner of the Stoneham office, Montrealers ready to adopt the capital are looking not only for more affordable property but also for a better quality of life. The proximity to nature, in particular, appeals to many.

minutes, you can be just about anywhere. So people can work downtown and then go mountain biking or wakeboard a half hour [après avoir fini leur journée]”,”text”:”That’s what makes people in Montreal a little excited, because in Montreal, when you want to live in nature, we agree that [tu vas te retrouver à] an hour and a half drive [du centre-ville], minimum. In Quebec, in 20 minutes, you can be almost anywhere. So people can work downtown and then go mountain biking or wakeboarding for half an hour [après avoir fini leur journée]”}}”>This is what makes people in Montreal a little excited, because in Montreal, when you want to live in nature, we agree that [tu vas te retrouver à] an hour and a half drive [du centre-ville], minimum. In Quebec, in 20 minutes, you can be almost anywhere. So people can work downtown and then go mountain biking or wakeboard a half hour [après avoir fini leur journée]confides Mr. Bonenfant in an interview with Radio-Canada.

>>Canoes on the Jacques-Cartier River in summer.>>

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The possibility of quickly having access to nature, whether by going to Jacques-Cartier National Park (photo) or elsewhere, constitutes a major attraction for the Quebec real estate market. (Archive photo)

Photo: Radio-Canada / Sandra Lalancette

He adds that the accelerated development of teleworking since the pandemic offers new possibilities to aspiring owners who want to leave the metropolis without giving up their livelihood.

Walk still affordable

The real estate broker emphasizes that the Quebec market is still interesting. Yes, prices have increased, like everywhere else, but we still have a median property price which is very affordable if we compare it to Toronto, Montreal or other large cities.he argues.

Marc Bonenfant adds that the low crime rate, the reputation of schools, both public and private, as well as the presence of hospitals, a university and several CEGEPs also contribute to increasing the appeal of Quebec to buyers. Montrealer.

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