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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Friday, March 31, 2017

Vacation properties set for another strong year

There was an 11 per cent rise in the resale of vacation properties in Quebec in 2016 and the market is set to remain strong this year.

The Quebec Federation of Real Estate Boards says that vacation property sales were especially strong in the rural areas of the Capitale-Nationale, Estrie, Lanaudière, Laurentides, Montérégie and Outaouais administrative regions.

"2016 was a prolific year for the vacation property market," said Paul Cardinal, Manager of the Market Analysis Department at the Québec Federation of Real Estate Boards. "While residential sales across the province grew by 5 per cent, sales of vacation properties increased by 11 per cent. This market segment should continue to grow in 2017, but at a slower pace than the previous two years. We are forecasting sales growth of around 5 per cent for vacation properties.”

Single-family vacation properties saw the largest growth in 2016, up 13 per cent to 3,024 homes; vacation condos slipped 3 per cent to 411 units. Prices were higher for vacation properties than for conventional sales. In Montérégie the average difference was 78 per cent.

High-end vacation homes were in demand with sales of single-family homes over $500,000 increasing 28 per cent year-over-year while for those under $500,000 the increase was 12 per cent.

MBN

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