Housing prices near ski resorts are exploding in Estrie

Housing costs, both primary and secondary, have exploded in Estrie municipalities with ski resorts.

In Orford, we are seeing this significant increase in prices. The cost of a single-family home is $539,000. The mountains are used during all four seasons since there is a lot of traffic in both summer and winter. It’s like a big playground nearby, so yes, we see that a value is linked to that. It’s a very beautiful living environment.notes the general director of the Mont-Orford ski and golf corporation, Simon Blouin.

In his opinion, the number of hotel rooms available near the mountain helps attract more customers. We are very well locatedadds Simon Blouin.

In addition to rising housing costs, citizens are facing inflation. The general director of the Mont-Orford ski and golf corporation notes, however, that access to the ski slopes is still as popular in 2024. The economic situation is more difficult, but we remain the same as last year [par rapport aux ventes de passes de saison] so in the circumstances, we are very happy. People stay active and continue to practice sport, that’s the important thinghe insists.

The situation is similar in Bromont, which saw the median price of its single-family homes jump 13.8% in one year. Bromont is a market that is always buzzing. There is proximity to Highway 10, there is quick accessibility for people who come from Montreal and are looking for a second home and there is a wide range of servicesexplains residential real estate broker for Royal LePage, Véronique Boucher.

Temperature variations and their impact on the price of residences

On the Sutton side, we notice a significant drop in housing prices. With this 17.9% decrease compared to last year, the median price of a single-family home now stands at $575,000.

Last year, Sutton was one of the areas that saw the biggest increase, so there were several significant sales. This year, we are simply experiencing rebalancing and instability in terms of winters. Last winter there was little snow. Some people wait to see what will happen this year or in the years to come before investing large amountsindicates Véronique Boucher.

We are planning more stable increases for the coming year, therefore a more balanced market.

Ski season is just around the corner

From mid-November, we are still very feverish. With the mountain, the whole summit is white, so it gives the tasterejoices Simon Blouin.

If each year is a little different in terms of the opening date of the ski slopes, at Mont-Orford, we hope that the opening takes place during the first weekend of December, around the 7th. December.

Elsewhere in Estrie, some ski resorts have started to snow their slopes, but must adapt to temperature variations. The start of the ski season could be delayed for this reason.