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.
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.
Several elements have contributed to the subtle cooling of the market:
Each successful home sale removes one more buyer from the pool, naturally reducing competition for subsequent listings.
The recent increase in interest rates has made mortgage payments more expensive, effectively pricing some buyers out of certain price brackets.
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
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
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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Peter graduated from Lasalle College in hospitality and spent 13 years managing the infamous Chateau du Lac, where he built a reputation for leadership and forming genuine, trusting relationships.
Peter’s real estate career is built on a foundation of honesty, trust, and tireless effort. He takes pride in going above and beyond to ensure his clients feel supported and confident throughout their journey. He regularly provides timeline market insights on his local service areas of Saint-Lazare, Hudson, Vaudreuil, and Rigaud, but has expanded to service clients across the Vaudreuil-Soulanges and West Island regions.
Outside of work, Peter’s world revolves around his wife and two young boys, who inspire him every day. A die-hard Montreal Canadiens fan, Peter never misses a chance to cheer on the Habs or crack a dad joke to keep everyone smiling.
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