Île d’Orléans homes more sought after than ever

Shunned for several years, the houses of Île d’Orléans are now more popular than ever with buyers who are snapping them up, courtesy of telework and the pandemic.

​After a long slump, from 2012 to 2019, the Île d’Orléans real estate market has picked up again.

We expected it a little after observing the enthusiasm for rural areas elsewhere in Quebec, but never to this extent.

The turnaround has been “spectacular” over the past two years, confirms RE/MAX real estate agent Yves Émond, a reference on the Island. He grew up there; he still lives there.

“There, it is not normal what we live there. It’s never happened before,” says the man who is desperately looking for houses for buyers from all over the place, particularly from the Montreal region.

Flashback to 7 years ago

A return to the past is necessary to understand where we are starting from. In a report published in our pages in November 2015, we reported a “record of signs for sale” on the Island.

No less than 176 houses were then on the market. Unheard of in the fall.

January 2017: TVA in turn made a report evoking a sales period of almost two years, on average. At the time, nearly 215 residences and lots were for sale, another peak.

The finger was then pointed to the aging of the population, the lack of services, the loss of attractiveness of expensive ancestral buildings or the dilapidated state of the bridge (which will be replaced by 2027).

These factors no longer hold back buyers today, looking for a new living environment in the countryside, 15 or 20 minutes from Quebec City.

Twenty houses for sale

As of this writing on Friday, The newspaper listed only 22 houses for sale, including those on DuProprio.com. Fifteen of them were displayed between $739,000 and $5 million.

“Before, we always had between 120 and 150 houses for sale on Centris in March. There, there are 17,” points out Mr. Émond.

Brokers bend over backwards to try to find new homes.

” The houses [au] waterfront are very attractive to people arriving from outside. It’s in high demand. I even sold a house to people in Vancouver. Prices have increased by 25% to 40% in a year and a half. It’s a seller’s market and the sellers are laughing their heads off,” he observes.

Multiple offers

The phenomenon of one-upmanship, which we observe everywhere else, has not spared the island. Multiple offers are very common here. Jean-Pierre Jalbert-Boily, another RE/MAX agent who lives on the Island, confirms that we must act “quickly”.

“There are fewer fish in the lake, but there are as many fishermen, if not more. It’s a big wave. We have a lot of buyers from Montreal. People are leaving town. Even though prices have gone up a lot on the Island, it’s still affordable for them. »

Sales on Île d’Orléans for two years (single family homes)

As of January 2022, only 4 tradescompared to 11 a year ago, for the same period.

  • Notes: this data does not include transactions made on DuProprio.com.

* Source: Professional Association of Quebec Real Estate Brokers (APCIQ)


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