• Real estate overheating mainly due to a lack of properties, not the work of brokers

    Conclusion of the analysis presented by the QPAREB to the Ministre des Finances du Québec

    L’Île-des-Sœurs, September 13, 2021 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has released an extensive study on the overheated real estate market in Quebec in the context of the pandemic. This document contains an in-depth economic analysis of the causes of the real estate boom, and was submitted to the Ministre des Finances du Québec as part of the public consultation they have initiated.

    The brief (in French) can be read in its entirety by clicking here.

    Because the work of real estate brokers has sometimes been wrongly blamed for the rapid increase in property prices, the QPAREB, in the first part of its brief, analyzed the underlying context that has truly led the market to such a great imbalance. It also identifies a series of factors arising from the pandemic that exacerbated the situation and created what might be called a perfect storm, where supply was clearly insufficient to meet the unanticipated demand.

    “The brief we submitted to the Ministre des Finances contains a thorough and rigorous analysis that clearly shows that price increases are due to the insufficient number of properties put up for sale,” said Denis Joanis, president and chief executive officer of the QPAREB. “It’s important to note that this situation was already taking shape before the pandemic, both in Quebec and elsewhere in Canada. In Quebec alone, we estimate the supply deficit at more than 40,000 units. Our brief also identifies ten or so other factors which, combined together, explain the rise in prices.”

    According to Charles Brant, director of the QPAREB’s Market Analysis Department, weak incentives for single-family residential construction have failed to sustain supply, even though there has been significant growth in demand for over 20 years. “The measures taken by governments over the last decade to avoid overheating and household over-indebtedness have focused more on controlling demand than on encouraging the construction of new units to increase supply,” he explained.

    Real estate brokers are not the cause of market overheating

    In addition to demonstrating unequivocally that the overheated real estate market was caused by unprecedented demand combined with insufficient supply, the QPAREB’s brief also explains in detail why the work of real estate brokers cannot be blamed for the substantial price increases and situations of overbidding.

    “Like so many other professionals, real estate brokers have had to deal with the effects of the pandemic in their daily work: health constraints, sellers’ apprehensions as well as the frenzy and emotions of their buying clients. To balance all of this and to ensure the safety of everyone concerned, brokers have had to show initiative, resourcefulness and empathy, in addition to dealing with an incredible workload. It is also important to remember that brokers have an obligation to obtain the best possible outcome for the clients they serve. It’s normal for a seller to take steps that will maximize the price and terms of the sale,” added Mr. Joanis.

    In response to the five questions on the practice of real estate brokerage asked by the Ministre and in light of recent issues, the QPAREB proposes in its brief a number of recommendations aimed at better informing and protecting both buyers and sellers during the key stages of a real estate transaction.

    The QPAREB’s brief is the result of a consultation with its members, a close collaboration between the major real estate banners and agencies, the Association’s economists, expert consultants and researchers, as well as a dialogue with the housing organizations that participated in Concertation Habitation 2021.

    The perfect storm: the pandemic spurred on the residential real estate market

    At the heart of its analysis, the QPAREB looked at the pandemic’s contributing factors to the rise of the real estate market: 

    • A relatively large segment of the labour market did not experience income disruption. Almost 80 per cent of the jobs lost since February 2020 were in the most precarious occupations, a significantly higher share than in a more conventional recession.
    • The majority of households experienced no negative impact on income. Government measures to assist businesses and households have increased disposable income, which encourages the resale market. This is not just a Quebec or Canadian phenomenon – overall household wealth has increased globally.
    • Rock-bottom interest rates, which have been at historically low levels, played a major role, making it much easier to buy a property and thus contributing to the upward pressure of demand on supply.
    • The lockdown pushed many Quebec households to increase their comfort level. The pandemic accelerated the organization of the service sector around teleworking and led to a change in the residential preferences of households.
      • Those who were not yet homeowners wanted to become owners, while many experienced buyers competed for spacious single-family homes.
      • According to JLR, the number of buyers from the Montreal CMA who purchased a second home in the Estrie, Brome-Missisquoi, Laurentides and Lanaudière regions alone has increased by 62 per cent. They have thus removed 2,846 properties from these markets over the past 12 months, ending March 31, 2021.
    • The wealthiest households grew their savings in investments that performed particularly well. Households with higher paying jobs were those who could more easily take advantage of teleworking. They were therefore able to acquire larger properties, properties that are further away, or even acquire a second property.

    Some aggravating factors relate to the impact of the pandemic on supply:

    • Construction delays and costs have limited the supply of new properties. Numerous sanitary constraints, scarcity of materials and competition for labour are delaying deliveries from construction sites.
    • Older people who fear moving to a retirement home are postponing their plans.
    • In the context of the lockdown, many sellers postponed their plan to put their home up for sale, while others took their property off the market strictly for fear of possible contamination.
    • The stress, fatigue and anxiety created by the extreme lockdown measures led to the breakup of many couples, resulting in one spouse seeking a new home.
  • Quebec City: Sales Decrease to Pre-Pandemic Levels for a Third Consecutive Month

    Quebec City, September 7, 2021 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area (CMA) for the month of August, based on the real estate brokers’ Centris provincial database.

    “The number of sales recorded in August contrasts with the exceptional record-setting sales that were seen last year at this time. Sales are returning to more moderate pre-pandemic levels. The decline is directly related to the 46 per cent drop in the inventory of single-family homes available for sale compared to August 2020 and the drop of nearly 70 per cent compared to August of 2019,” said Charles Brant, director of the QPAREB’s Market Analysis Department. “The overheated market is still very present, but the summer period and sustained rise in prices could also explain a slight decrease in the number of active buyers. This decline has also been accompanied by a drop in overbidding since June.”

    August highlights

    • Total sales: For a third consecutive month, the number of transactions concluded in the Quebec City CMA fell in August (-29 per cent), as 589 sales were concluded through the real estate brokers’ Centris system. In the first eight months of the year, sales grew by only 5 per cent compared to the same period in 2020. In August, geographically, the South Shore of Quebec City experienced the most significant slowdown in the region (-47 per cent). The Northern Periphery and the Agglomeration of Quebec City also registered notable decreases in sales (-40 and -20 per cent, respectively).
    • Sales by property category: 343 single-family home transactions were concluded in the Quebec City CMA in August, a 38 per cent decrease compared to August of last year and the largest drop among the three main property categories. Sales of condominiums fell by 10 per cent while plex sales decreased only slightly from a year earlier, at 3 per cent.
    • Active listings: The supply of residential properties for sale continued to contract in August, dropping a substantial 39 per cent compared to August of last year. This was mainly due to an insufficient number of new listings on the market. From January to August, active listings fell 46 per cent compared to one year earlier, contributing to the tightening of market conditions that has been observed for several months now. This tightening is mainly observed in the single-family home segment, where inventory represents only 3.2 months of sales.
    • Median price: The median price of single-family homes continued to grow in August, reaching $310,000, a 13 per cent jump compared to August of last year. Condominiums and plexes also saw their median price increase, by 9 per cent and 7 per cent, respectively, reaching $216,000 and $342,000. From January to August, price increases reached 16, 8 and 13 per cent, respectively, for single-family homes, condominiums and plexes with two to five units.

    Additional information:

    Detailed and cumulative statistics for the province and regions

    If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please This email address is being protected from spambots. You need JavaScript enabled to view it.

  • Montreal Real Estate Market: Lack of New Residential Listings Undermines the Level of Supply and Sales

    L’Île-des-Sœurs, September 7, 2021 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of August, based on the real estate brokers’ Centris provincial database.

    “The downward trend in sales continued in August, and can be explained by several factors combined. These include a historically low inventory of properties for sale and a more typical summer season in terms of sales (as opposed to last year when sales were exceptionally high due to the fact that the market was on pause during the spring). Also, year-to-date sales have increased by only 11 per cent compared to last year,” said Charles Brant, director of the QPAREB’s Market Analysis Department. “While the overheated market is well established, with price increases that remain substantial compared to last year, the proportion of sales concluded above the asking price is weakening. This reflects the shrinking pool of buyers with the financial capacity to buy in this market and explains the current stabilization of prices, particularly for single-family homes.”

    August highlights

    • In total, 3,372 residential sales transactions were concluded in the real estate brokers’ Centris system in August, a 30 per cent decrease compared to August of last year, thereby reinforcing the downward trend in sales that has been evident since early spring. In terms of year-to-date sales, they are only 11 per cent higher than the first eight months of last year. In July, year-to-date sales were 17 per cent higher than last year.
    • Sales on the Island of Montreal fell by 27 per cent compared to August of last year. For a third consecutive month, single-family homes registered the largest decrease in sales at 39 per cent.
    • Similar to the previous month, sales decreased in all of the periphery areas, caused by a slowdown in single-family home sales: Vaudreuil-Soulanges (-43 per cent), the South Shore (-34 per cent), the North Shore (-34 per cent), Laval (-27 per cent) and Saint-Jean-sur-Richelieu (-13 per cent).
    • All three main property categories registered a drop in sales compared to August of last year. Sales of single-family homes fell by 37 per cent, while sales of condominiums decreased by 28 per cent. Plexes were less affected by the August slowdown, as transactions fell by only 4 per cent.
    • The supply of residential properties on the market continued to shrink in August, with 10,238 active listings on the Centris system. This represents 20 per cent fewer properties than in August of last year. In terms of year-to-date statistics, the number of properties available for sale in the CMA tumbled by 20 per cent, a phenomenon accentuated by low levels of new listings that have been ongoing for several months now.
    • Median prices continued to rise sharply in August, reaching $500,000 for single-family homes (+17 per cent), $375,000 (+20 per cent) for condominiums and $679,750 (+13 per cent) for plexes. Year-to-date, half of all single-family homes sold for more than $485,000, a 26 per cent jump compared to the same period in 2020. As for condominiums and plexes, their year-to-date median price rose by 20 per cent and 13 per cent, respectively, to reach $354,000 and $676,000.
    • The Montreal real estate market is still showing significant overheating conditions, but the proportion of sales concluded above the asking price has weakened over the past four months.

    Additional information:

    Detailed and cumulative statistics for the province and regions

    If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please This email address is being protected from spambots. You need JavaScript enabled to view it.

  • Nine large organizations engaged in structuring real estate development will work together to improve conditions and affordability in the housing market

    L’Île-des-Sœurs, August 17, 2021 – The Quebec Professional Association of Real Estate Brokers (QPAREB) and eight other key players in the housing industry recently met in Montreal to discuss some of the main issues affecting the housing sector.

    In addition to the QPAREB, the other stakeholders present at this round table were:

    • Association de la construction du Québec (ACQ);
    • Association des inspecteurs en bâtiment du Québec (AIBQ);
    • Association des professionnels de la construction et de l’habitation du Québec (APCHQ);
    • Association professionnelle des notaires du Québec (APNQ);
    • Corporation des propriétaires immobiliers du Québec (CORPIQ);
    • Institut de développement urbain du Québec (IDU);
    • InterNACHI Québec;
    • Regroupement des gestionnaires et copropriétaires du Québec (RGCQ).

    This first meeting allowed each organization to highlight some of the issues and problems specific to their sector of activity, which stem in particular from the overheating real estate market and the shortage of affordable housing. Constructive discussions allowed for a more in-depth examination of the topics covered and workshops in sub-groups will soon be held with the objective of formulating recommendations to improve the situation in Quebec.

    “One of the objectives of this first meeting was to allow the major players in the industry to come together around the same table and work on developing recommendations that will be presented to the government in order to resolve some of the challenges related to the housing industry. We believe in the need to create a positive synergy for the development of a growing housing supply,” said Denis Joanis, president and chief executive officer of the QPAREB.

    Observers from the ministère des Finances du Québec were also present at this roundtable event.

    The nine organizations present at this event collectively represent more than 160,000 members and work in an industry whose contribution to the economy is worth more than $60 billion.

    Under the leadership of the ACQ, the APCHQ and the IDU, a second meeting bringing together the same stakeholders is scheduled to take place later this fall, where a first series of recommendations will be tabled and new themes will be addressed.

    Click here to see photos from this event.

    Participants in the roundtable discussion:

     

    About

    – 30 –

  • Residential Sales and Active Listings Fall in July in the Quebec City CMA

    Quebec City, August 4, 2021– The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area (CMA) for the month of July, based on the real estate brokers’ Centris provincial database.

    “The slowdown in residential sales in the Quebec City CMA, which began in June, continued into July with a decrease of almost 50 per cent in the number of single-family home transactions compared to an extraordinary month of July last year,” said Charles Brant, director of the QPAREB’s Market Analysis Department. “More than the tightening of borrowing conditions for potential buyers and the rise in prices, it is the lack of supply of properties on the market and a more normal summer period that explain this sharp drop in sales,” he added.

    July highlights

    • Sales: In total, 539 residential sales transactions were concluded in the Quebec City CMA in July, a 40 per cent decrease compared to July of last year. The Northern Periphery of the city registered the largest drop in sales in the region, falling by 50 per cent. The Agglomeration of Quebec City and the South Shore of Quebec City also registered substantial decreases in sales of 37 per cent and 38 per cent, respectively.
    • Sales by property category: After a record-setting month of June, two-to-five unit income properties (plexes) saw their sales decrease by 35 per cent compared to July of last year. Condominium sales were down 24 per cent year over year.
    • Active listings: Market conditions remained particularly tight for single-family homes in the CMA, as active listings fell by 49 per cent compared to July of last year. A similar trend was observed for condominiums, as active listing dropped by 36 per cent. Plexes, on the other hand, registered a 4 per cent increase in active listings.
    • Median price: The median price of single-family homes continued to grow, increasing by 15per cent compared to July of last year to reach $315,000. The median price of condominiums also rose significantly, reaching $212,250, an 11 per cent increase. However, plexes saw their median price drop by 6 per cent, with half of them selling for more than $329,500.

     

    Additional information:

    Detailed and cumulative statistics for the province and regions

    If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please This email address is being protected from spambots. You need JavaScript enabled to view it.

  • Montreal Real Estate Market: Sales Return to Pre-Pandemic Levels in July and Price Increases Slow Down

    L’Île-des-Sœurs, August 4, 2021 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of July, based on the real estate brokers’ Centris provincial database.

    “The month of July has confirmed a substantial decrease in sales that began in May, thus returning to its pre-pandemic level for the summer period. You may remember that in July of last year, we saw spectacular sales levels that went beyond the simple postponement of transactions that could not be concluded in the spring,” said Charles Brant, director of the QPAREB’s Market Analysis Department. “While this slowdown is partly due to a drop in active listings of single-family homes to historically low levels, it can also be explained by the shrinking pool of buyers who can afford a property at current market prices. However, we have indeed seen a slowdown in price increases and a levelling off of price changes since the spring, for all property categories combined,” he added.

    July highlights

    • The real estate brokers’ Centris system recorded 3,799 sales transactions in the Montreal CMA in July. This represents a 29 per cent decrease in sales compared to the peak recorded in July of last year, and solidifies the downtrend in sales that began in early spring. However, this is the second best result ever recorded for a month of July since Centris began compiling market statistics in the year 2000.
    • Sales on the Island of Montreal fell by 20 per cent compared to July of last year. For a second consecutive month, single-family homes registered the largest decrease in sales at 33 per cent.
    • Sales were down in all the periphery areas as well, and these decreases can also be attributed to a slowdown in single-family home transactions: Vaudreuil-Soulanges (-48 per cent), the North Shore (-38 per cent), Saint-Jean-sur-Richelieu (-31 per cent), Laval (-30 per cent) and the South Shore (-26 per cent).
    • All three main property categories registered a drop in sales compared to July of last year. Sales of single-family homes tumbled by 37 per cent, while sales of condominiums fell by 22 per cent. Plexes registered a more modest decrease in sales, with a 4 per cent drop in transactions.
    • The increase in the supply of plexes on the market (+27 per cent) contrasted with the drop in active listings for single-family homes (-37 per cent) and condominiums (-15 per cent).
    • In terms of prices, the median price of single-family homes stood at $500,500 in July, an increase of 18 per cent compared to July of last year. The median price of condominiums reached $360,000, a 16 per cent increase, while that of plexes stood at $670,000, up 7 per cent. The market is still in a situation of overheating, as almost half of all transactions in July were concluded at a price that was above the asking price. However, this situation has been easing for three months now.

    Additional information:

    Detailed and cumulative statistics for the province and regions

    If you would like additional information from the Market Analysis Department, such as specific data or regional details on the real estate market, please This email address is being protected from spambots. You need JavaScript enabled to view it.

..Gratuit jusqu’à la vente 
Satisfaction garantie

Bureau: 450-582-5544
Cell: 514-588-5806
Message texte: 514-588-5806
pour prendre rendez-vous

Voyez ce que mes clients disent!


  • «Bonjour M. Lafrenière,
    La présente est pour vous remercier de la vente rapide de notre propriété à Repentigny. Nous ne regrettons en aucun cas d'avoir recours à vos services très professionnels. Vous avez su du début nous démontrer les points forts et faibles de notre demeure. Comme tout était clair en partant, nous n'avons pas eu de mauvaise surprise, sauf quelques lois qui ont changé avec le temps mais tout s'est fait dans l'ordre.
    Merci M. Martin Lafrenière pour votre bon travail, je vous souhaite beaucoup de succès dans l'avenir et nous n'hésiterons jamais à vous recommander.
    Sincères salutations»

    Mme Folco, M. Chartran, octobre 2016

  • «J'ai contacté Martin pour l'achat d'une propriété au moment où ma maison avait été vendue. Il m'a beaucoup aidé à faire le tri dans les nombreuses annonces qu'il y avait dans le marché en rafinnant graduellement les critères de sélection. Au début il s'est rendu compte que mes critères étaient plutôt larges mais il a été très patient et m'a fait visiter toutes les propriétés que je voulais voir. Jamais il n'a tenté d'influencer mes choix même s'ils me donnait des conseils ou son avis sur des questions précises que je lui posais. Lorsqu'on a finalement trouvé la propriété qui me convenait, il m'a accompagnée à toutes les étapes, que ce soit lors des inspections, lors de l'offre d'achat et des contre-offres et lors de passer chez le notaire. Cela m'a beaucoup rassurée. Tout au long du processus, il a gardé une attitude polie et souriante. Nous avons trouvé la bonne maison en peu de temps ce qui m'a permis d'éviter d'être obligée d'entreposer mes meubles. Je suis tout à fait satisfaite de ses services et le recommanderais sans hésiter.»

    Mme Sosa, Repentigny, mai 2016

  • «Bonsoir,
    Par la présente, j'aimerais remercier Martin Lafrenière, pour sa précieuse collaboration et son dévouement, dans notre projet de recherche de maison.
    Ce projet, qui à la base n'avait rien de concret pour nous, est devenu un projet réel avec l'aide de notre agent Martin, qui a su bien répondre à nos questions, bien nous rassurés dans les moments d'incertitudes, bien nous conseiller et faire preuve d'une grande patience.
    Tout au long de ces démarches Martin a toujours fait preuve d'une grande disponibilité, d'une bonne écoute.
    Nous avons beaucoup apprécié être inscrit aux nouveautés du jour, ce qui nous a permis de voir notre futur maison rapidement lorsqu'elle a été mise sur le marché.
    Notre maison a été mise rapidement en vente, et grâce aux photos, à la publicité faite par Remax, nous avons vendu notre maison en 1 mois seulement. Encore une fois, l'aide précieuse et conseil de Martin ont été appréciés.
    Que ce soit pour l'achat d'une maison, ou pour vendre, cela fait parti d'un grand processus et implique beaucoup de temps, énergies, émotions, stress. Nous sommes heureux d'avoir eu Martin à nos côtés pour franchir toutes les étapes.
    Nous nous apprêtons a entreprendre un nouveau départ dans notre vie et nous tenons à remercier sincèrement notre agent: Martin pour son beau travail!»

    R. Lajoie et Y. Morin

  • «Nous sommes hautement satisfaits du service professionnel et toujours très rapide obtenu par Martin Lafrenière. Car c'est après avoir passé 6 mois sur le marché (sans succès) que nous avons fait appel à lui pour la vente de notre condo. En seulement 1 mois, la vente était chose faite et notre famille pouvait enfin passer à une autre étape. Martin a agit en véritable porte-parole, et ce, aussi bien pour «nous les vendeurs» que «nous les acheteurs». Son côté réactif nous a aussi permis de trouver la maison souhaitée au moment souhaité.»

    V. Goyette et F. Gosselin

  • «C'est simple, rien de compliqué, toujours là quand tu en as besoin, très dévoué! J'ai maintenant deux maisons et quand l'heure sera venue, c'est le joyeux Martin qui va me les vendre!»

    Michel Lapointe

  • «On profite de ces petits mots pour te remercier pour ton excellent travail! Professionnel, déterminé, optimiste, chaleureux, voilà quelques qualités qui font de toi une personne unique et qui inspire confiance dès les premiers instants. Merci surtout pour ta grande patience. Ta simplicité et ton sourire nous ont tout simplement charmés... ne change surtout pas car c'est tout à ton honneur. De plus, on tient à remercier l'équipe complète de RE/MAX Des Mille-Îles, en particulier le bureau de Lachenaie. Bon succès à toi Martin Lafrenière.»

    Guy et Carole Racine