Prices and sales of Quebec country homes on the rise thanks to strong economy
If you're shopping around for a place in the country, you should be seeing prices getting higher in the coming months.
The average price of country homes and chalets in Quebec this year should reach around $290,271 according to a survey by Royal LePage.
That's a 2.7% increase over last year for properties in typical cottage country areas such as the Eastern Townships, the Laurentians, Lanaudière and the Outaouais.
Royal LePage says the strong economy, the relatively low interest rates and the relatively low prices are what's stimulating the secondary home market.
In comparison, a country place in the rest of Canada is expected to go for an average $467,764, up 5.8% since last year.
The realtor company also says aging baby boomers are selling off their weekend and summer properties outside of the city because they don't want to deal with the upkeep anymore and use the property less and less. Their report suggests younger babyboomers, future retirees and Gen-X'ers are snapping up the chalets because they may want to eventually move there or want to spend more time in nature.