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quebec real estate

As home prices continue to skyrocket across Canada, finding an affordable place to buy is no easy feat, especially in cities like Montreal, Toronto, and Vancouver.

But if you're looking to stretch your budget without sacrificing quality of life, you're not totally out of luck — Quebec has emerged as the reigning champion when it comes to affordable homeownership.

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It appears that American interest in Canadian real estate is on the rise as our southern neighbours gear up for today's 2024 U.S. presidential election, and so many of them are considering moving to Quebec.

A new report from Royal LePage reveals that U.S. residents have shown a marked surge in curiosity about moving to Canada. Visits to the company's website from Americans spiked by more than double back in June, right when the election season kicked off. That surge hasn't let up and is seeing renewed attention as election day arrives.

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Multimillionaire president and co-founder of Sutton Quebec real estate firm, Christophe Folla, has been arrested. Sûreté du Québec officers took the 70-year-old into custody on January 24 over alleged arson attacks against competitors between 2017 and 2022.

Suspected accomplices Benjamin Amar and Alain-Marc Nahmias have also been arrested. They stand accused of following Folla's orders and reportedly setting fire to multiple Royal LePage buildings in the Laurentians.

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A unique piece of real estate history has hit the market in Quebec. For the first time in four decades, the Topping Retreat, with ties to the New York Yankees, is available for purchase. Once owned by Dan Topping, who also co-owned the baseball team during its most successful run, the estate is a living piece of sports and entertainment history. Part of it even featured on a Canadian $10 bill.

A Topping Retreat log cabin overlooking Lake T\u00e9miscaming.A Topping Retreat log cabin overlooking Lake Témiscaming.Courtesy of M Real Estate.

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Nestled on the side of Lac Tremblant, a cobblestone manor sits in silence, waiting for its turn to be adopted. Unbeknownst to the sleepy mansion, its net worth has recently decreased by an amount larger than what most Quebecers will earn in their lifetime.

This is 730 chemin Thomas-Robert, a massive home set on 52 sprawling acres with a full 1,000 feet of private lakefront just 90 minutes from Montreal. Set on a cliff overlooking Lac Tremblant, the home was originally listed in summer 2022 at $39.9 million. In the time since its initial listing, 730 Thomas-Robert has been downgraded by an eyewatering $6 million to the still-impressive price of $33.9 million.

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Apartment dwellers will feel the squeeze this year in Quebec. According to a market forecast by Desjardins, the average Quebec rent could surge by as much as 10% in 2023 as new unit construction stagnates even amid an increase in demand.

Desjardins forecasts the provincewide vacancy rate, the number of empty apartments as a share of the total number of units, could therefore plummet to just 1%, compared to 1.7% in 2022.

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Plopped between the great green ridges of Canada's Forillon National Park and the wide-open waters of the Gulf of Saint Lawrence, this Quebec home for sale is an unassuming dot on the wildflower-covered shore. But it presents a potentially life-changing opportunity: an escape to seaside seclusion in one of the most beautiful corners of the province at the tip of the Gaspé peninsula.

The four-bedroom, one-bathroom house is on the market for $359,000.

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It's Thursday, 8:45 a.m. You pour yourself out of bed for your remote nine-to-five. You stumble to the kitchen to make coffee. You lift your eyes to the window as you take your first sip. But instead of seeing the grey Montreal cityscape, you see a green lawn, and beyond, the pale blue waters of the Saint Lawrence River estuary stretching into the horizon. This Quebec home, on the market for $375,000, offers year-round sunset views and a seaside lifestyle for about the cost of a typical Montreal flat.

The median price of a Montreal-area condo was $370,000 in January 2023, according to the Quebec Professional Association of Real Estate Brokers.

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Mauricio Umansky from the Real Housewives of Beverly Hills gave Montreal a shout-out in a recent TikTok promoting his newest real estate office in Quebec.

The Agency, which Umansky co-founded back in Los Angeles in 2011, has a handful of Canadian office locations including Toronto, Oakville, Calgary, Vancouver, and now, Montreal.

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The Canadian housing market has been on the rise for quite some time now, making finding an affordable home seem like somewhat of a miracle — especially in big cities around the country.

When it comes to Montreal homes for sale, a new study conducted by Point2 found that only a tiny percentage (0.31%) of houses on the market are listed under $200,000.

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With record inflation in Canada pushing up the cost of pretty much everything, it’s no surprise the Canadian housing market is also absolutely bonkers.

In the most recent edition of the Demographia International Housing Affordability (DIHA) report, the cost of buying a home in many Canadian cities has become "severely unaffordable," Montreal included!

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With luxury home sales on the rise, it's no shock that this Quebec home for sale is currently on the market. Located only 45 minutes outside of Montreal, this stunning Rosemère condominium is the perfect combination of both modern and rustic that give off the ultimate Hogwarts castle vibes.

The two-bedroom and two-and-a-half-bath property spans nearly, 2,300 square feet and will cost you a mere $1,145,000 — but can you really put a price tag on a home as mystical as this one? Especially considering it's located in the reputable Le Manoir Bleury-Bouthillier.

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