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Summary

Prepare To Spend Way More Money Than Ever Before If You Want To Buy A Chalet In Quebec

Better start saving...
Prepare To Spend Way More Money Than Ever Before If You Want To Buy A Chalet In Quebec
Bakerjarvis | Dreamstime
Staff Writer

According to a study by Royal LePage on recreational property values in 2021, buying a chalet in Quebec is more expensive than ever before. 

A perfect storm of low inventory and high demand will cause recreational home prices to increase by 15% in 2021, to an average price of $291,993. Waterfront property and condominium prices are also forecasted to increase. 

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The price increases for this year follow a 2020 market that saw huge increases across all types of recreational properties, with an 18.8-percent increase for houses, a 23.6-percent increase in waterfront properties, and a 19.3-percent increase in condominiums. 

"Demand remains excessively strong in Quebec’s recreational markets," said Éric Léger, a Royal LePage real estate broker.

"Compared to last year, buyers must budget approximately 20 percent more to get their hands on a well-located and maintained property."

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    • Teddy Elliot
    • Teddy Elliot
      Teddy Elliot was a Staff Writer for MTL Blog. He was born and raised in Montreal, Quebec and has a B.A. in Literature. Teddy has been a journalist for three years and was once an English teacher. His creative work has appeared in The Blasted Tree and Parenthetical Magazine. When he's not chasing scoops, Teddy can be found cheering on Aston Villa and listening to 80s power ballads. He was shortlisted for a Digital Publishing Award in 2021.

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