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

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

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."

Teddy Elliot
Staff Writer
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