When moving to Montreal or any other place in the world; one key thing you have to know if you want to feel at home, is the city. Of course, said this way, it sounds obvious. When I say: “know the city” I mean, knowing all the subtle aspects of it; for example: the real estate market.
First of all, you have to know that, Montreal lives according to seasons; so does the real estate market. The real estate market’s year can be divided in three seasons.
The first season is spring. Spring, because of moving day and the weather turning fine again; is the occasion for heavy transactions.
After these heavy transactions, the real estate industry tends to slow down and many agents take their vacation during this time.
People who didn’t get the opportunity of making transactions earlier during the year, often do so during the fall.
Indeed, as well as the summer season, the Christmas break is also less productive. During these two periods, buyers are less active and tend to find fewer properties.
This being said, it doesn’t mean that you will have troubles finding or selling a house during the Christmas or summer break; you might just have to be a bit more patient.
A good thing in Montreal is that the real estate market is far from being saturated; what means that there’s a dream house for each of you in Montreal.
Photo credits: Wikipedia