The dream of buying more and more moves away

Buying a first house is a dream that fewer and fewer young families can realize. In addition, Despite the drop in interest rates. Furthermore, the various measures put in place to promote access to property, the gap between the price of houses and income continues to widen.

In five years, the average price of a residence has almost quadrupled, while wages have not followed the same progression.

Several factors explain this dazzling price increase. In addition, The main house remains the shortage of housing, which generates high demand. Nevertheless, The arrival of many new residents also exerts pressure on the market.

“People who sold a property in Montreal for $ 1 M arrive here and will pay a house $ 500 or 600,000. dream buying more more moves Therefore, For them, it’s not huge, ”explains the director of the Re/Max agency in Rimouski, Manon Labrie.

The market is therefore very favorable to sellers. However, “As soon as a property is registered at a fair price, there are quickly several promises to purchase. Consequently, Everyone wants it, because there is not that much on the market, ”she adds.

This escalation continues to feed the pricing.

Rental generation – Dream buying more more moves

In Rimouski. Furthermore, the average price of a house amounted to $ 380,000 in June, an increase of 10 % in just two months. Nevertheless, Salaries stagnate. Furthermore, young people must now spare twice as long as to accumulate sufficient funding, which causes a clear degradation of purchasing power. For example,

“If we compare with previous generations, it was easier to become a owner. Moreover, Less and fewer young people in their twenties or at the start of the thirties dream buying more more moves can access the property. Furthermore, We are talking squarely about a generation of tenants, ”said the economist at Desjardins, Maëlle Boulais Préseault.

In the first quarter, 80 % of the starts in Quebec aimed at housing buildings, which further accentuates the rarity of unifamilial houses. This increased pressure on the rental park also increases the rents.

Today, households must devote an average of 40 % of their income to housing, compared to 25 % 20 years ago. Even with two income, several families are struggling to complete their budget.

Always vigorous market – Dream buying more more moves

Despite the situation, the real estate market shows no signs of slowdown. On average, a house remains less than a month on the market.

In June, 600 properties changed hands dream buying more more moves in Bas-Saint-Laurent, an increase of 5 % compared to last year.

According to the Quebec Land Register. the region even holds the provincial record for house sales between $ 250,000 and $ 500,000, with an increase of almost 40 %. Note: 37 residences were sold more than half a million dollars.

This pricing also increases land assessments, and therefore municipal tax accounts. In June, the average evaluation of a single-family residence in Bas-Saint-Laurent reached $ 240,000, or $ 80,000 more than five years ago.

The increase is particularly marked in large centers. In Rimouski-Neigette. the average land value of a house has jumped $ 110,000 since 2020, while it has reached nearly $ 100,000 in the dream buying more more moves Rivière-du-Loup MRC.

The Prize of Hope

Both in mid-Vingta. Océane Vienneau and her spouse, Anthony Ferrero, have long been caressing the dream of buying a house to build their lives with their 8-month-old girl, Abigaëlle.

“My daughter grows, and we find nothing that suits us, nothing in our budget. The market goes too fast. The houses are sold at crazy speed. We don’t even have time to think or do a complete inspection. It slips between our fingers, ”says Océane, visibly discouraged.

And the rare properties deemed “affordable” are far from being aubaine.

“There are $ 120,000, but it’s unsanitary. These are houses to be completely redone. We do not want to take on dream buying more more moves this, we cannot afford to renovate from the cellar to the attic. »»

Gaspésie move

Faced with the impasse. the couple has chosen to rent an accommodation, hoping that the situation is stabilizing a little by next summer. Another option envisaged: moving to Gaspésie. in a more distant region, where prices would still be within the reach of young buyers.

“Paying rent is not an investment. It’s money that flies away. We want to build something for our daughter, not just survive months after month. »»

Putting this dream of property is a great disappointment for the young mother.

“It really hurts me. For us, but also for my friends. There are many of us having this dream. The little house, the family, the dog in the courtyard. But we can’t do it. We are caught in an apartment, and we wonder if one day it will change. »»

dream buying more more moves