May 04, 2022

Market Update – Summer 2022

Today, we’ll talk about the first quarter of 2022, and how the real estate market looks like in the Hudson, Saint-Lazare and Vaudreuil areas. Demand ramps up after the holidays, and we see the impact of rising interest rates and inflation on home sales.

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Market Update – Summer 2022: How Rising Interest Rates & Inflation Are Shaping the Market

The Market Shift in Hudson, Saint-Lazare, and Vaudreuil

As we move through the first quarter of 2022, we’re seeing key shifts in the real estate market across Hudson, Saint-Lazare, and Vaudreuil. While demand naturally ramps up after the holidays, rising interest rates and inflation are influencing buyer behavior.

Seasonal Trends: The Post-Holiday Market Surge

Historically, real estate activity slows down during December as buyers and sellers shift their focus to holiday celebrations. This pattern is evident in Google search trends, which show a sharp decline in real estate-related searches during the holiday season.

However, as seen in previous years, January brings a resurgence in buyer activity. Even with some lockdown measures still in place, eager homebuyers wasted no time in resuming their search.

A prime example of this demand spike was one of the first new listings in Saint-Lazare, which attracted over 75 showings and 20 offers. However, as the weeks progressed, the number of buyers competing for each new listing gradually declined.

Key Factors Impacting Buyer Demand

Several elements have contributed to the subtle cooling of the market:

1. Buyer Pool Shrinking Over Time

Each successful home sale removes one more buyer from the pool, naturally reducing competition for subsequent listings.

2. Interest Rate Hikes Affect Affordability

The recent increase in interest rates has made mortgage payments more expensive, effectively pricing some buyers out of certain price brackets.

3. Inflation Is Forcing Buyers to Reconsider Their Budgets

The rising cost of living expenses—from groceries to gas—has left many buyers hesitant about moving forward with a home purchase. Some are waiting for more economic stability before committing to a mortgage.

📍 Related: The impact of higher interest rates on mortgage payments

Need Help Selling Your Home?

Every home has the right buyer—sometimes, it’s just about making the right adjustments.

If you have questions about why your home isn’t selling or want an expert’s opinion on market conditions in Quebec, reach out today!

📞 Call Peter Thompson: (438) 500-8344
📩 Email: peter@peterthompson.ca

🏡 About Peter Thompson

Peter Thompson is a Quebec real estate expert specializing in helping homeowners navigate complex market conditions. Contact him today for a personalized home sale strategy.

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