What are the latest trends in the Quebec real estate market? Here's relevant information and interesting news about buying and selling a property.
Real estate news
3rd Quarter 2022 Real Estate Stats: The shift toward a balanced market begins
The most recent quarter is confirming the trends that had been observed previously: a growing inventory of properties, decreasing selling prices and less overbidding. Here’s our snapshot of the 3rd quarter of 2022 and our forecasts for the future in the Quebec market: The Real Estate Minute.
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Real estate newsProperty prices: Ranking of cities with the highest growth since 2020Since 2020, all residential property types gained in value, but single-family homes were most affected, experiencing a price hike of 41% on average in the province. It’s a good time to rank the cities in Quebec that experienced the strongest growth since then.
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Real estate newsHow to react to rising mortgage ratesInterest rates, especially those related to mortgage financing, vary based on the economic context and financial market events. After rates stayed at historically low levels during the pandemic, increases are inevitable. Here are some explanations, the consequences for you and what you can do.
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Real estate newsBill 5 on Real Estate Brokerage: The End of Double RepresentationAt the last provincial budget of 2022–23, Finance Minister Éric Girard proposed Bill 5 as a means of regaining control of the market.It includes two significant amendments to the Real Estate Brokerage Act.
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Real estate newsOverview of the current real estate marketAlthough the real estate market has recently shown signs of slowing, it is still very favourable to sellers. Let’s have a look at the market statistics, focusing on the data from June 2022 compared to the same month in 2019.
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Real estate newsFall shopping: 50 residential projects to tour during the 2022 Open House WeekendsPresented by DuProprio, the Open House Weekends for Fall 2022, which will take place October 15–16 and October 22–23, from 1 to 5 p.m., will offer visitors a range of discovery activities in about 50 residential sales or rental offices in the Great Montreal.
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Real estate news“Sell to win” contest: more than $125,000 in prizes awarded!In celebration of its 25th anniversary, DuProprio was pleased to offer five prizes worth more than $26,500 each as part of its biggest contest ever: “Sell to Win with DuProprio.”
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Real estate news2nd Quarter 2022 Real Estate Stats: Heading for a Changing Market in QuebecThe second quarter of 2022 marked a turning point in trends prevailing in the province since 2020. To prepare for what the market has in store for the rest of the year, let’s have a look at the statistical data from April to June 2022 in this Real Estate Minute.
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Real estate newsReal estate statistics: Understanding the terms behind the numbersLet’s go back to the basics and define the terms used when discussing real estate statistics. This short guide will help you better understand the trends being reported on in our articles in The Real Estate Minute.
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Real estate newsNew logo, same promisesTwenty-five years ago, DuProprio’s colourful little house first appeared on “For sale by owner” signs and in the real estate industry. With pride in the road travelled, it is now time for us to revamp our image and, more importantly, reaffirm our commitment.
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Real estate newsWhat grants are available to renovate my home?Planning renovations to sell your home, upgrade it or make it more energy efficient? You could be eligible for grants from the provincial or federal government. Here’s an updated list as of spring 2022.
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Real estate news1st Quarter 2022 Real Estate Stats: Full Speed Ahead Before a Slowdown?Last year’s trends continued during the 1st quarter of 2022, with a marked increase in property prices, the fastest selling times yet, and a still small inventory. The Real Estate Minute takes stock of the market in Quebec and analyzes the statistics for the 1st quarter of 2022.
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Real estate newsSelling your home in spring: Pros and consWhen spring comes to Quebec, the snow melts, multicoloured tulips bloom and the terrasses reopen. There’s nothing quite like the joy in the air on those first warm days! So it’s not surprising that plans to buy a property, which had stayed on ice all winter, also reappear in the spring.
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Real estate newsHow to buy a house in 2022With the right strategy, a buyer can realistically acquire their dream property in 2022. The key to a successful purchase, according to DuProprio real estate coach Martin Desfossés, is “Prepare, take an interest and stay active!”
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Real estate newsHow to sell a home in 2022You’ve decided that 2022 is the year you’re putting your home up for sale. That’s great! The real estate market is currently working in your favour because the inventory of properties for sale is low, but demand is still rising. Our advice on how to sell you home this year.
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Real estate news4th Quarter 2021 Real Estate Stats: Property Sellers Are on a RollSelling has never been easier but buying is a whole other story. To give you a clearer view of the situation, here’s the Quebec Real Estate Pulse for the 4th quarter of 2021.
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Real estate newsIs the real estate market still red-hot?For months now, the real estate market has been booming due to a combination of a high demand from buyers and a low inventory of available properties.
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Real estate newsHow to Find a Reliable Contractor for Your RenovationsAre you looking to take advantage of the hot housing market by selling your home? Did you just buy a new place that you want to update to your taste? Take the opportunity to renovate and make it even more attractive – if selling, it’ll help you get the best price possible!
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Real estate newsShould you disclose offer amounts to potential buyers?We know the real estate market is under pressure, with properties selling above asking and sellers receiving multiple offers.This has led to a debate on transparency: should the amount of offers be disclosed during real estate transactions?
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Real estate newsThe 2021 real estate market off to a flying startPressure is rising in Quebec’s real estate market and shows no signs of letting up. The latest government restrictions had no impact on activity and the real estate boom seems to be ramping up as Quebec’s moving date, July 1st, approaches.
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Real estate newsWhy the pandemic shook up the real estate marketReal estate had a spectacular year in 2020 and the market frenzy hasn’t cooled down yet in 2021. Prices are rising, selling times are revving up and over-market bids are turning heads! But why is all this activity happening while Quebec is in the midst of a pandemic?
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Real estate newsA historic 2020 for DuProprio and real estateThe year 2020 will go down in history as one of the busiest ever in Quebec real estate. The roller-coaster ride of constantly changing COVID-19 health measures didn’t dampen buyers’ interest. As a result, several key market indicators went through the roof.
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Real estate newsWhat’s the outlook for the real estate market in 2021?The year 2020 was an exceptional one for real estate. So, early this year, the whole industry waited anxiously to hear how it would be impacted by the stricter health measures announced for January 6. It was with relief that we learned that all activities for the purposes of a real estate transactio
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Real estate newsOverbidding: the reality in Quebec's real estate market during the pandemicSince spring 2020, competition among buyers has been so fierce that overbidding is now the trend throughout the province. This, higher selling prices and faster selling times are all influenced by market conditions, never by whether a property is sold with or without an agent.
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Real estate news"I've always received great service" – André from Québec CityAndré Delisle of Québec City sold his Sainte-Foy home early this summer, celebrating his fifth sale with the help of DuProprio’s services. The sale was marked by the COVID-19 pandemic, but also his participation in our advertising campaign in the months that followed.
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Real estate newsReal estate industry still going strong this fallSeveral months have passed, each similar to the last, since the resumption of real estate activities in May. Even the second wave of COVID-19 infections and several Quebec regions being declared red zones do not seem to have shaken property sellers’ and buyers' confidence.
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Real estate newsA record summer for real estate and for DuProprioMost experts had predicted that things would get very busy this summer after weeks of lockdown in the spring that caused a standstill in the real estate market.
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Real estate newsDuProprio celebrates two wins against the real estate brokerage industryDuProprio is celebrating two new legal victories against the real estate brokerage industry this year. The recent court cases pitting DuProprio against the QPAREB and the OACIQ are the third and fourth wins for our company, in three different legal proceedings.
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Real estate newsCMHC’s rule-tightening will have little impact on the real estate marketThe Canada Mortgage and Housing Corporation (CMHC) has tightened the eligibility criteria for its mortgage loan insurance. The restrictions are an attempt to reduce housing-related debt and prevent problems for certain Canadian households should house prices fall significantly.
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Real estate news3 profitable tips for selling your propertyFor most Quebecers, their home is their most important financial asset. In addition to the emotional value attached to a home, most people also invest a great deal of time and money into it.
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Real estate newsWhat you need to know about the First-Time Home Buyer IncentiveAre you looking to buy your first home but can’t find anything on the market that meets your needs and fits your budget? The First-Time Home Buyer Incentive, launched by the Canadian government on September 2, 2019, was created to help people like you achieve their dream.
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Real estate newsThe advantages of selling commission-free in a fast-moving marketThe real estate sector has grown exponentially in last few months. With the number of sold properties consistently exceeding the number of new listings, inventory is at its lowest level for both houses and condos.
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Real estate newsThe difference between a seller’s and a buyer’s marketWhen it comes time to buy or sell a property, buyers and sellers wonder if they’re in a seller’s market or a buyer’s market. The answer provides a good indication of how to proceed with their real estate project.
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Real estate newsDuProprio: 25 years of helping Quebecers sell their homesIt all started in Lévis, Quebec, in 1997, when 21-year-old Nicolas Bouchard founded DuProprio. Armed with a cell phone and a computer, he had no doubt that his service to help homeowners sell without a broker would revolutionize the real estate industry.
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Real estate newsWho are the real estate professionals?Buying or selling a home is a wonderful venture, but it requires a little help along the way. There are several industry professionals who will help make sure your real estate project is a success.
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Real estate newsWhat is a real estate bubble?When the real estate market becomes exceptionally strong very quickly, observers may become concerned that a real estate bubble phenomenon is occurring. But what exactly does that mean?
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Real estate newsRental website: Easy to use and free!The Rental section of our website has been revamped and we’re very proud of the results! We have also optimized the search tool to make it easier and more enjoyable for potential tenants to find what they are looking for. See how you can take advantage of this exceptional visibility!
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Real estate newsDuProprio and the Real Estate Brokerage ActParti Québécois member Carole Poirier is reported as saying that “DuProprio does not provide comprehensive consumer protection” and that the Real Estate Brokerage Act (REBA) needs to be reviewed to rectify this.
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Real estate newsDuProprio.com is the most liked real estate site in Quebec!We’ve known for many years that Quebecers are naturally turning to DuProprio.com when looking for a property. But now we know that our site is the most liked real estate site in Quebec!
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Real estate newsNew sales record for DuProprio in 2018Boosted by a very active market in 2018, DuProprio has set a new record by helping 20,850 Quebec homeowners sell their property. This is an 8% increase1 over 2017.
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Real estate newsLa Facture shines a light on the protection provided by real estate brokersThe brokerage industry has long said that people are better protected when they sell with a real estate broker rather than directly to a buyer. But this isn’t true.
