In the latest episode, Axel welcomes back Montreal's top wholesaler, Olivier Lepage, to provide an update on the wholesaling market. 

 

Olivier and Axel discuss the significant changes in Montreal's real estate market, which have led to a $100,000 drop in property prices compared to 2022 due to extended holding periods and seller expectations. 

 

They also delve into the evolving landscape for house flippers, highlighting opportunities in transitioning areas with job prospects. Additionally, they explore Olivier's predictions for the next couple of years and the importance of adopting a long-term perspective. 

 

Dive in! This episode delivers essential insights into Montreal's real estate market, underscoring the significance of adaptation and forward-thinking strategies in the current climate.

 

What you will learn if you listen to the episode:

• Insights into the wholesaling market.

• Property prices in Montreal have dropped significantly, with an average decrease of $100,000 compared to 2022.

• Longer holding periods and changing seller expectations have contributed to the price drop.

• Sellers often resist adjusting their asking prices, resulting in properties sitting on the market for extended periods.

• Investors with available cash are taking advantage of the market conditions by purchasing multiple properties for flipping.

• For individuals with limited funds, forming partnerships is a recommended strategy in the current market.

• Transitioning areas and regions with significant industrial projects are showing increased property demand.

• Olivier predicts that the market correction will continue for the next few years, emphasizing the importance of a long-term investment perspective.

• Adaptation and forward-thinking strategies are essential in the evolving real estate landscape.

 

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