Affordability in real estate: the gap is widening in Estrie
Access to property in the Eastern Townships has radically changed over the last decade. David Bourgon was recently on air at 107.7 to discuss the striking data revealed by the Quebec Real Estate Brokers Association.
The conclusion is clear: while household incomes have risen by only 15% to 25%, the acquisition cost has exploded.
Some key figures mentioned in the interview:
- Average price: A residence was worth about $200,000 in 2015 compared to $450,000 in 2025.
- Down payment: The required amount has risen from $9,245 to $22,500.
- Budgetary weight: The mortgage payment now accounts for more than 29% of income (vs 15% ten years ago).
David Bourgon, president of the local Real Estate Chamber, sheds light on this economic cycle and offers possible solutions, including the option of co-ownership.
🎧 Listen to the full interview here:
https://www.fm1077.ca/audio/740498/abordabilite-en-immobilier-le-fosse-se-creuse-en-estrie
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