If you love the Gaspé Peninsula, you'll probably fall in love with this house for sale in the Quebec region, too. With the Gulf of the Saint Lawrence River passing directly through its backyard, this property makes you feel like you're on vacation all year round — and, at an asking price of $349,000, it's actually less expensive than a Montreal condo.
The charming one-and-a-half-storey home is located in the town of Cap d'Espoir on a lot of over 43,000 square feet.
On the main floor, there are two large living rooms as well as a kitchen and dining room that overlook the waterfront with their large windows. Upstairs, you'll find three bedrooms and a full bathroom. The house also has a powder room and wood stove.
Median condo prices in the Montreal area are up 20% compared to last August, according to a report by the Quebec Professional Association of Real Estate Brokers (QPAREB). But some areas saw even bigger price increases.
The report looked at several general areas within the greater metro area, including Montreal Island, the North and South Shore, Laval, and the MRC of Vaudreuil-Soulanges.
Of these, the report shows the North Shore saw the biggest increase in median condo prices between August 2020 and August 2021 with a 27% jump.
The QPAREB used data from Centris for the report and calculated median prices by dividing "all transactions into two equal parts: 50 percent of transactions concluded at a lower price than the median price and 50 percent concluded at a higher price."
The association noted that "some transactions may be excluded from the calculation to obtain a more meaningful median price."
You Need An Income Over $100,000 To Afford An Average Montreal Home, ...
The Soviet Union was still a thing, Bob Gainey was captain of the Habs, and Michael Jackson was topping the charts the last time Montreal's real estate market was this out of control.
That's the message behind the National Bank of Canada's latest housing affordability report, released August 3, which says the city's home prices are climbing at their fastest pace in almost 40 years.
The report, "Housing affordability worsens by the most in 27 years in Q2 2021," found affordability decreased in all ten markets studied with Montreal home prices increasing 19.8% over the past year, a figure "surpassed only by Hamilton and Ottawa/Gatineau, and the highest annual growth since 1983 for the city."
The price of a representative non-condo home has reached $492,777 and one would need an annual household income of $100,489 to afford one (you'd also need to save for 42 months to come up with a down payment), according to National Bank.
Conversely, the price of a representative condo reached $356,443 and you'd need a household income of $72,688 for one of those.
The good news is Montreal remains more affordable than the average of the markets covered (especially compared to pricey Toronto and Vancouver), so there's that.
While the property is clearly beautiful in the summertime, there's no need to fear winter either, as the house is insulated with urethane and comes with a heated concrete floor. According to the listing, you can access alpine ski slopes in minutes, and the Viking Club's cross-country trails are just seconds away — so it's also a skier's paradise.
A viral Facebook post is calling out reckless tourist behaviour in the waters of the Gulf of Saint Lawrence off the coast of Quebec's Gaspésie region.
The post by Camp de base Gaspésie resort owner Jean-François Tapp has amassed over 2,000 reactions and 6,000 shares since its publication on July 13.
"OK...WE NEED TO TALK ABOUT WATER SAFETY..." Tapp wrote at the beginning of the post.
He said an incident involving an intervention by emergency services after "two girls and an adult [...] ventured out on the sea in a boat that was totally inappropriate to navigate on the Gulf of Saint Lawrence" spurred his appeal to Quebecers on Facebook.
"We need to talk because we see this every day in the Gaspé, despite the Lifesaving Society's promotional campaigns and the number of people who die on (or under) the water every summer reported by the media."
"We need to talk about it because we'll see you putting your stuff in the water when we, the pros, cancel our guided trips because of winds, currents or changing weather that we've assessed from top to bottom," he continued, noting tourists' use of flimsy recreational flotation devices like stand-up paddleboards, "magic pool mats" and animal-shaped inflatable tubes.
Tapp suggested the call for vigilance was especially urgent given the arrival of the two-week construction holiday, the province's busiest period of the summer, when Gaspésie will likely see an influx of unprepared travellers.
"The Gulf of Saint Lawrence is not Lake Massawippi," he wrote. "In Gaspésie, the sea always wins."
"We need to talk because playing at sea without planning and without equipment is not a game."
This article's cover image was used for illustrative purposes only.