“Right now, we’re seeing a market that Quebec has never seen before.” – Peter Thompson, Real Estate Expert
The Quebec real estate market is moving at a breakneck speed, with homes spending an average of just 69 days on the market—three days less than last year and over two weeks less than before the pandemic. This rapid turnover has left both buyers and sellers navigating a fast-paced, high-stakes environment.
So, why are homes selling so quickly? Let’s break it down.
Several factors have converged to create a real estate market that moves faster than ever:
There are fewer homes for sale than ever before, intensifying competition among buyers.
Low mortgage rates have encouraged more buyers to enter the market, fueling demand.
The pandemic has reshaped buyer priorities, with many now seeking more space, larger properties, and suburban homes over urban condos.
This imbalance between supply and demand means homes are getting snapped up quickly and often above asking price.
One of the driving forces behind the low housing inventory is that fewer homeowners are listing their properties. Here’s why:
With fewer properties available, competition among buyers remains fierce.
For buyers, the rapid pace of sales presents unique challenges:
However, strategic buyers can improve their chances by:
If you’re a homeowner considering selling, now is an excellent time to capitalize on peak demand. Here’s what you can expect:
To make the most of this market, sellers should:
Quebec’s housing market is operating at an unprecedented speed, driven by a perfect storm of low supply and high demand. While this creates challenges for buyers, it presents significant opportunities for sellers.
Whether you’re buying or selling, success in this market comes down to working with the right professionals, staying informed, and being ready to act decisively.
📍 Related:Vaudreuil-Soulanges, Quebec Home Price and Market Trends
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.
🔗 More Resources:
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.
This is #AskPete. If you have any real estate questions, feel free to send them and I will get you the answers. Or stay up to date on the latest tips for real estate buyers and sellers by clicking the YouTube button below:
