Bienvenue au Québec! This predominantly French-speaking province counts itself as the second-most populous in Canada. For an investor looking to make the most of a roaring real estate market, Quebec has plenty of opportunities for new and experienced investors alike.
Table of Contents - Best Places to Invest in Real Estate in Quebec 2021
- Before you begin investing in Quebec
- Montreal, Quebec
- Vaudreuil, Quebec
- Ottawa-Gatineau region
- Trois-Rivieres, Quebec
- Sherbrooke, Quebec
- Real Estate Professionals in Quebec
- Discover Montreal Real Estate | Where and Why to Invest in Montreal?
Before you begin investing in Quebec
Investing in real estate in Quebec can be extremely rewarding, at least for those people who are willing to put in the work. Before you dive into the real estate market in Quebec, there are some things to take into account.
Step One: Language
Brush up on your French. If you’re not a French speaker, it might be worth enlisting the help of someone fluent in the language. You’ll find that doing business in Quebec is infinitely more manageable when you speak the language.
Step Two: Get to know the area
Invest in somewhere local. If you’re not living in or near Montreal, for example, don’t invest in a property in Montreal. Make sure to put your valuable income down on a property that you can regularly visit to monitor progress or show it to potential buyers or renters.
Step Three: Types of investments
Know what type of real estate investment you’re interested in. The province of Quebec has beautiful places perfect for vacation rentals, stretches of land ideal for industrial or agricultural sites and more than its fair share of family-oriented communities. In other words, you can undoubtedly find whatever type of real estate stokes your interest; you just have to take the time to look around.
Step Four: Lack French Skills?
If you’re not interested in learning French, that’s fine. This may limit your market somewhat, but you can still carve a niche business out of catering to ex-pats. The province is a hot spot for US citizens and European immigrants who want to experience the tastes of Europe without actually being there.
Step Five: Build a team
Find a good team to work with. Because of the language barrier, you’re going to want a lawyer and broker who are comfortable exploring every avenue available to them, regardless of the industry or area.
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The natural place to begin your search for a real estate property in Montreal, the province’s largest city. Often referred to as the nation’s most European city, Montreal is full to the brim with culture and opportunity. Depending on the kind of real estate investment you’d like to break into, Montreal has something to accommodate.
Investors who want to tap into the growing number of young professionals in Montreal will find several condo opportunities to explore. Just make sure to focus on parts of town that also offer entertainment (clubs, bars and nightlife.).
Investors more interested in single-family homes should turn their attention to the Rosemont-Petite Patrie. This rapidly gentrifying community is drawing hip, young families and professionals who prefer a quieter life.
The Old Port:
If you’re interested in commercial real estate, check out the Old Port area of Montreal, where companies are buying up space every single day.
There are certainly plenty of opportunities to be found in the Montreal area, but the odds are that you will have to pay a premium for the entry fee. If that’s out of reach, not to worry! There are still several sizable cities scattered around the province.
Over the last year, the border town of Vaudreuil has seen growing interest. Located on the extreme eastern border of Quebec, the city of Vaudreuil counts itself as the half-way point between Montreal and Ottawa. This scenic town’s advantageous location has helped home sales in the area improve by 11 percent in the last year. What’s more, the median cost of a home in Vaudreuil (about $300,000) has been climbing in value at a staggering 5 percent every year.
In other words, purchasing a single-family home in Vaudreuil could see almost immediate returns on your investment.
We know what you’re thinking: isn’t Ottawa-Gatineau in Ontario? In part, yes. But this rapidly growing region of Canada also spreads into Quebec. The Ottawa-Gatineau region draws in government workers seeking out cheaper housing than that offered in the National Capital Region just across the river.
Commercial real estate investors can also benefit from a foray into the Ottawa-Gatineau real estate market. In addition to families and government employees, the region is also attracting the attention of a variety of big-name tech firms.
If you’re interested in industrial real estate, head to Trois-Rivieres. Located between Montreal and Quebec City, this up-and-coming city boasts the title of Canada’s oldest industrial city (it was first established in 1738). While that title may have lost some of its meaning in the intervening century, the powers-that-be in Trois-Rivieres are intent on injecting new life into the city’s industrial scene. As a result, several efforts are being made to draw in new businesses (with an emphasis on tech companies).
Indeed, in recent years, the leaders of Trois-Rivieres have made good on that promise, striking a deal with a wind turbine manufacturer that employs more than 1,000 people in the area.
Considered by many to be the hidden gem on Canada’s real estate crown, Sherbrooke is one of the most promising regions in the nation. The average cost of a single-family home in Sherbrooke is an affordable quarter of a million dollars. That’s for now. Property costs are certainly on the rise in Sherbrooke. Over the last 12 months, home prices have increased by more than 22 percent. In other words, if you buy in at $250,000, you could see an almost immediate return on your investment without having to do much beyond listing the property.
The best part about Sherbrooke is that it’s a university town. In other words, there will almost definitely be a new crop of renters every year, regardless of the ebb and flow of the nation’s economy.
Quebec is a popular province for a reason—it provides beauty, culture, work and educational opportunities. If that sounds like the kind of environment you’re interested in cultivating, focus on investing in the above areas.
Real Estate Professionals in Quebec
We have searched high and low for real estate investing professionals in Quebec. Below, you can find professionals we have researched and can confirm they specialize in working with Real Estate Investors.
To ensure the maximum success in real estate investing in Quebec, or any city, you should always use professionals who understand and work with investors, your income depends on it.
This list may not fully list all the professionals in the area, but the ones we have personally investigated and that we would refer our clients to.
If you’re a real estate professional and would like us to consider adding you to the list, please contact us.
Discover Montreal Real Estate | Where and Why to Invest in Montreal?
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