Changing towns, forgetting about restaurants or travelling, buying a house that isn't suitable: Quebecers make all sorts of sacrifices to succeed in becoming homeowners.
“We are really happy to have found our house, but it is certain that we have made financial sacrifices, because we are at the limit of our budget, and that we made the concession to leave Montreal and go live in Quebec,” explains Ashley Kennedy.
After a few property visits in 2020, the explosion of the real estate market during the pandemic caused the Montrealer and her husband of the past 13 years to wait a bit to get a better down payment.
The couple finally decided to resume their search in 2021. But after about twenty visits to houses, condominiums and semi-detached in Montreal and its surroundings, they had no choice but to broaden their horizons. < /p>
“We can't wait to move in with us, finally,” she says with relief. Now we know that we are not going to travel for five years and deny ourselves outings or dinners at a restaurant.”
< p>For others, the search for a house is more difficult and becomes more daunting by the day.
“The more time goes by, the less choice [of houses] there are. on the market, we have the impression that we have to force ourselves to take what there is, even if it does not correspond to what we want, “says Amanda Desjardins, who has been observing the market for almost one year.
For Amanda Desjardins and her husband, Maxime Daraiche, here with their son, Jude, it is impossible to stay and buy a house in Brossard because of the far too high prices.
The latter wishes to buy a country house in western Montérégie with her husband and her sister, who could not afford to buy alone in the current market.
Together, they have already amassed the necessary down payment for their purchase, which should not exceed $400,000.
“Our dream was to be able to buy a duplex in Brossard for that my 8 year old son can keep his friends and go to the same school, but forget that. Even if we made all possible concessions, we couldn't buy anything here at the moment,” laments the young woman.
< p>Between the low inventory and the rise in interest rates, the three adults fear having to sacrifice some of their criteria to succeed in becoming owners on July 1, 2023.
“We are afraid of get started, but we're going to have to get started, even if you have to compromise on the size, the price and the scope of the renovations,” she adds.
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Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my email@example.com 1-800-268-7128