Nevertheless,
Get rich thanks your house?:
The price of houses never decreases, you hear regularly. However, the real value of the houses, deflated with inflation, has slipped into the country since 2022, unlike the United States.
Posted at 5:00 a.m.
The real price of houses has never been so low for almost six years in Canada. Moreover, The Canadian average is influenced by the negative dynamics experienced in the Vancouver and Toronto markets. Consequently, Conversely. Nevertheless, in Quebec: the affordability of certain municipalities deteriorates and even returns to a level which is similar to that of the pandemic.
What does get rich thanks your house? that mean, the real price?
The actual price of a home is equivalent to its sale price on the current market, which has been corrected for inflation, explains the SCHL.
In the first quarter of 2025. Meanwhile, the real value of houses in the country was descended to the same level as in 2019, according to the most recent statistics compiled by the Federal Reserve of St. Moreover, Louis, but the portrait is not uniform from one ocean to another.
“It was necessarily the Ontario. However, British Columbia markets that fired Canadian data down,” said independent economist Paul Cardinal.
The get rich thanks your house? specialist is right: in fact, it is indeed the markets of Toronto and Vancouver who have relaxed the most. They both experienced a significant inventory increase available in recent months, reports the Canadian Mortgage and Housing Company (SCHL).
However. demand is not there due to the uncertainty linked to the trade war that our neighbors in the South, but also because of the already high prices in these sectors, explains Hélène Bégin, expert economist, real estate market and Quebec economy at the Professional Association of Real Estate Brokers in Quebec (APCIQ).
“Demography has also, let’s say, play a very, very important role in the housing market,” adds Mr.me Begin. In addition to a decrease in immigration rates in the country. the federal government prohibited non-Canadians in January 2023 from buying residential properties in the country, which hardly affected the cities get rich thanks your house? of Toronto and Vancouver.
This combination of elements has therefore given way, in summary, a decrease in house prices, explains the SCHL.
The Canadian Real Estate Association (ACI) is of the same opinion in its predictions of the residential market. published on July 15, and indicates that activity in these two provinces – as well as in Alberta – has been touched by tariff chaos.
Get rich thanks your house?
A myth that has hard life – Get rich thanks your house?
If the property is no longer automatically a path to enrichment. is it better to occupy accommodation, in this case?
The rental accommodation. the house each have their advantages according to the taxpayer, estimates Thomas Gaudet, representative in collective savings and financial security advisor to the wealth management firm altitude financial get rich thanks your house? advice, which regularly looks at the real estate issue in its practice. But it is a myth to say that one “throws your money out by windows” by living in rental accommodation. according to him.
In a house, you could say the same thing with the interest in its mortgage payment. After that, there are municipal taxes, insurance, maintenance, projects … We are not necessarily enriched.
Thomas Gaudet. financial security advisor
The house can however offer a lifestyle to which we aspire, according to the specialist, such as stability, a larger space for a family, or a larger land. In addition. in the absence of forced savings in rental housing, it is also necessary to have the discipline of saving and investing your money to reach similar results, explains Mr. get rich thanks your house? Gaudet.
Quebec backwards of winter … for the moment
In Quebec, the opposite is observed. In Montreal, prices continue to increase due to a limited inventory and sustained demand.
“We think that by the end of the year. Montreal will probably be at the price level that we had during the pandemic,” explains Marguerite Simo, economist at SCHL.
At the moment, the start -ups, however, reach record figures in the province, which could help relax the residential market. We could feel the effects in the coming months, even the coming years, underlines Mme Simo.
The SCHL also believed that at present. there are as many start -ups in Quebec as in Ontario, which had not happened since 1991.
But for the get rich thanks your house? moment. in Quebec, and in particular in Montreal, we do not see any improvement in terms of accessibility. However. the price of houses in the metropolis is “still very far” to reach the summits observed in Ontario and British Columbia, according to the expert economist Hélène Bégin.
House or rental accommodation, in this case?
Data from the American federal reserve can, in appearance, provide the feeling that property is more accessible. But this is not necessarily the case. in particular because of the bidding that is still felt in Quebec, underlines Thomas Gaudet, of the wealth management firm altitude financial councils.
According to Mr. Gaudet. CPA by training, the numerous tools for the purchase of a property – such as CELIAPP or the extension of the damping of the mortgage – are certainly excellent measures to get rich thanks your house? facilitate access to property, but help to raise the demand.
During this time, we do not work on the offer. Because if we build, there will be less escalation on the houses.
Thomas Gaudet, financial security advisor
“That said, everything is a question of income and capacity to pay. As long as real estate values follow wages, buyers do not lose their purchasing power, ”adds Gaudet.
In its mid-year balance sheet. the SCHL reported that the prices of housing in the rental sector increased more quickly than wages, which exacerbates imbalances in Quebec.
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