Welcome to this week's episode as we grapple with the burning question: ‘Is It Now a Good Time to Invest in Quebec?’

We kick off the discussion by examining the potential 30% rent increase in the Montreal region over the next two years. Could this be a boon or a bust for prospective investors? 

The discussion continues by investigating the advantage that existing real estate investors may have in today's economic landscape. With the current situation in Quebec, are they poised for success, or are they facing unforeseen challenges? We'll unravel the truth and its potential implications for new investors.

Furthermore, Terrie and Axel will examine the potential rise of both new and existing real estate investors in Quebec. 

Is now the perfect time to buy more properties, or is there a hidden risk lurking around the corner? We'll discuss this and more, helping you make an informed decision.

Don’t miss this episode! 

What we learned from Axel Monsaingeon and Terrie Schauer in this episode:

- 30% rent increase in the Montreal region in the next two years… bad or good news? 

- The economic chaos of mid-2022 and the subsequent fall in housing prices.

- The advantage of existing real estate investors in today’s economic situation.

- Immigration statistics and the supply pressure on rental housing.  

- The rise of new and existing real estate investors… Is it now the best time to buy more buildings? 

Resource(s):

Montreal-area rents may rise up to 30% over the next two years, says the CMHC: https://www.cbc.ca/listen/live-radio/1-15-daybreak-montreal/clip/15981658-montreal-area-rents-may-rise-30-next-two-years 

Economic activity will remain high in 2023 despite a slowdown: https://www.ccq.org/en/Nouvelles/2022/perspectives-2023 

Canada's population grew by record 1 million in 2022, spurred by international migration: https://www.cbc.ca/news/canada/canada-record-population-growth-migration-1.6787428 

Timestamp:

00:00 - Intro

00:57 - Axel is back to talk about pressures on the housing market in Quebec, Canada. 

02:42 - Axel reflects on the economic chaos of mid-2022 and the subsequent fall in housing prices.

04:27 - Terrie talks about post-COVID economic events and price pressures on rental properties.

07:13 - Axel and Terrie share insights on the current activities in the construction sector.

10:04 - Terrie and Axel discuss immigration statistics and the supply pressure on rental housing.

12:14 - Axel and Terrie talk about today’s economic situation and why big renovation is almost impossible for a rent-controlled market. 

14:28 - What is Terrie scared about? 

16:00 - Outro 

Connect with Axel Monsaingeon here: 

LinkedIn: https://www.linkedin.com/in/axel-monsaingeon-42577b28/?originalSubdomain=ca 

Podcast: https://www.realestateeffect.ca/ 

Connect with Us:

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: [email protected] 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/