Cracking the Rental Code in 2024 Montreal and Quebec

What’s shaking in the rental market as the new year rolls around?  

Going into 2024, it looks like markets are tight. Anecdotally, on the ground the effects of in-migration are translating into low vacancy rates and rising rents, at least in certain market segments. 

What does that mean for those of us who have rental units coming on the market?

In this episode we also look at the data sources that can help us assess what’s going on. Join Terrie as we decode the housing hustle, so we can all make smarter moves in the up-coming year. Let’s dive in, Real Estate Warriors! 

Key Topics:  

  • Rocketing Rents: Unveiling the Trendy Trajectory of Rent Growth
  • Market Mayhem: Dancing to the Beat of Dynamic Variations
  • Empty Spaces, Full of Stories: Decoding the Dance of Vacancy Rates
  • Breaking Boundaries: Conquering the Puzzle of Segmentation Challenges
  • Society’s Symphony: Unveiling the Impactful Crescendo of Population Growth
  • Migration Magic: Unraveling the Spellbinding Trends of Net Movements

Notable Words From The Episode: 

We know anecdotally that the vast majority of those incoming migrants are heading for the bigger centers.

 – Terrie Schauer

Timestamp:

[00:00] Podcast intro

[00:08]  Terrie discussed recent rental statistics, primarily focusing on the November rentals.ca report for the Quebec and Montreal markets.

[07:14] Terrie discussed population growth statistics and their impact on the tight rental markets in Montreal and Quebec

[12:41] Podcast Outro

CMHC Rental Report 2023

Rent Report by Rentals.ca.

December 2023 Rentals.ca Report

Net Migration Stats from QC government

Watch this episode on:

 

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Email: reic@clubimmobilier.ca

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Terrie Schauer’s LinkedIn

Terrie Schauer’s Instagram

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