What do you know about urban sprawl? This trend is creating very positive effects in Montérégie’s Granby and Saint-Hyacinthe region. The Christian Lalumière Team has turned this phenomenon into a profitable opportunity for those looking to buy or sell property in this area’s real estate market!
Despite the stricter mortgage rules that went into effect last fall, Quebec is seeing an overall increase in home sales for the first quarter of 2017 compared to the same period last year. This trend is also clearly visible in the Granby and Saint-Hyacinthe regions.
For starters, let’s recall that when this measure was rolled out in October 2016 by Canada’s Minister of Finance, Bill Morneau, its primary purpose was to counter the abusive practices of certain foreign investors engaged in real estate speculation in Canada, and thus to control skyrocketing real estate prices in certain markets. The other goal of the new rules is to avoid a situation where future owners might be unable to make their mortgage payments if interest rates start to climb.