Are you in the market for a ski-in, ski-out chalet or a cabin on the mountain to take full advantage of the winter wonderlands nearby? Here’s some housing market news you’ll want to hear.
According to Royal LePage, the cost of buying a winter recreational property in Canada’s popular ski regions—including many Quebec destinations within a two-hour drive of Ottawa—will be coming down in 2023.
Royal LePage is forecasting that the median price of a single-family detached home in Quebec’s popular ski regions will decline 7% over the next 12 months, to $454,398. In nearby Mont-Tremblant, prices are expected to decrease even more so, about 10% in 2023.
That’s a far cry from the steep increases seen in Mont-Tremblant in 2022—with the median price of a condo jumping 44.4% and a single-family detached home rising 23.5% in 2022.
Given that resort markets have experienced the highest price increases over the past two years, Royal LePage anticipates that they will be the most significantly affected by price corrections. They’re forecasting the median price of a single-family detached home in this region will decline by 10% over the next 12 months.
Of course, there’s lots more to know about Ottawa and Quebec real estate markets. My team of dedicated, knowledgeable REALTORS® know how to navigate these markets and can provide you with excellent resources to help get you the property you want and need.
We have been helping Ottawa residents for years in making sure their next move goes as smoothly as possible—like the easiest green run at Mont-Tremblant. Give us a shout if you have any questions!
Feel free to call us at 613-620-3870 or email me at firstname.lastname@example.org.