{"id":453168,"date":"2025-08-27T15:28:54","date_gmt":"2025-08-27T15:28:54","guid":{"rendered":"https:\/\/marc-andre-martel-staging.jurassicodes.com\/?p=453168"},"modified":"2025-08-27T15:28:54","modified_gmt":"2025-08-27T15:28:54","slug":"has-the-euphoria-faded-the-unexpected-reality-of-the-chalet-market","status":"publish","type":"post","link":"https:\/\/marc-andre-martel-staging.jurassicodes.com\/en\/has-the-euphoria-faded-the-unexpected-reality-of-the-chalet-market\/","title":{"rendered":"Has the euphoria faded? The unexpected reality of the chalet market."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">One thing we\u2019ve all been wondering about is the state of the cottage market post-pandemic.<br>We&#8217;ve heard a wide range of takes, some say it\u2019s crashing, others claim it\u2019s holding steady.\u00a0<br>Logic would suggest\u00a0that after the rush to buy secondary homes in, and around, Montr\u00e9al, during the pandemic, the market would cool off. With the end of lockdowns, the return of travel, and rising interest rates, demand for vacation properties should have dropped; along with demand: prices. Many believed that those who overbid during the frenzy would begin to feel the pressure in 2025.<br>Some of that is true, some of it isn\u2019t; and, some of it is just plain surprising.\u00a0<br>We will be diving into the activity for single family homes in both the Eastern Townships and Laurentians.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Volume of Sales: The Market Pulse<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking the number of sales gives us a direct measure of the\u00a0market\u2019s pulse. Regardless of price, when sales drop, it\u2019s as if the heart of the market is slowing down, making it vulnerable to further changes. On the flip side, when sales rise, it shows resilience, and the capacity to absorb new inventory, and to adjust to interest rate changes.<br>We saw a\u00a0drop in sales volume in 2023, largely due to the rise in rates. But, then something interesting happened: The market\u00a0bounced back in 2024 &amp; 2025.<br>Take the Eastern Townships as an example: In 2025 sales in the region are\u00a0not only rebounding, they\u2019re projected to\u00a0nearly match the record levels of 2020, which saw around 5,300 sales. So far, in 2025, we\u2019ve hit approximately 3,000 sales; and, we are\u00a0on track for about 5,000 by year&#8217;s-end. This makes 2025 the\u00a0second-best year\u00a0of the past decade.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" data-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcec4iMH9zK4DmTC9JfGX0bKzFproAKTl8JpmM6d1oIVWHWZpUoKfj1aWbeKmOwZIYC-WPHs5nAS14hECOpoGRluDSIPFH4dhVp4U1vtQf6QYLIBENbldDLbB8NVRlbinFhLu0TG6K2eB5ZyVbu5g?key=s-FBrMAlyE6InEJB_hAkpw\" alt=\"A graph of a graph of a graph\n\nAI-generated content may be incorrect.\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A similar story is unfolding in the Laurentians. While 2025 is projected to come in third, behind 2020 and 2021, the forecast is still impressive: 8,550 sales expected this year. Again, the same pattern applies: A dip in 2023, then a strong recovery.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" data-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcIqoRZBNYrVcAEPIsjo7MH2Ih1I6oHHGbjdbIDWFFXCpN6l1uOLQN1thVzspOkYwsiA2-Dp5QTaTC4rL_eA6JutbATVzuakZKZNGhcrttxSMwYN4ta56DNdb4SuRyLDQlULI3t1UcbeeeBxMV2Rw?key=s-FBrMAlyE6InEJB_hAkpw\" alt=\"A graph of a graph of a number of bars\n\nAI-generated content may be incorrect.\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Median Prices: A Different Curve<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now you might be asking: \u201cDo sale prices follow the same curve?\u201d<br>Not really.<br>Even though\u00a0interest rates rose in 2023, median home prices in\u00a0both the Eastern Townships, and the Laurentians, have\u00a0continued to climb, reaching\u00a0all-time highs in 2025. Even though 2023 was not the best year for median price increase, it did\u00a0still increase. This is making it look more like a straight line on an upward trajectory.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eastern Townships \u2013 Median Price Increases (Single-Family Homes):<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Year<\/td><td>% Increase from Previous Year<\/td><\/tr><tr><td>2015<\/td><td>\u2013<\/td><\/tr><tr><td>2016<\/td><td>+1.77%<\/td><\/tr><tr><td>2017<\/td><td>+4.13%<\/td><\/tr><tr><td>2018<\/td><td>+4.62%<\/td><\/tr><tr><td>2019<\/td><td>+2.94%<\/td><\/tr><tr><td>2020<\/td><td>+16.67%<\/td><\/tr><tr><td>2021<\/td><td>+24.49%<\/td><\/tr><tr><td>2022<\/td><td>+16.39%<\/td><\/tr><tr><td>2023<\/td><td>+6.76%<\/td><\/tr><tr><td>2024<\/td><td>+10.55%<\/td><\/tr><tr><td>2025<\/td><td>+6.27% (so far)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Laurentians \u2013 Median Price Increases:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Year<\/td><td>% Increase from Previous Year<\/td><\/tr><tr><td>2015<\/td><td>\u2013<\/td><\/tr><tr><td>2016<\/td><td>+1.32%<\/td><\/tr><tr><td>2017<\/td><td>+5.65%<\/td><\/tr><tr><td>2018<\/td><td>+2.88%<\/td><\/tr><tr><td>2019<\/td><td>+4.80%<\/td><\/tr><tr><td>2020<\/td><td>+19.85%<\/td><\/tr><tr><td>2021<\/td><td>+27.39%<\/td><\/tr><tr><td>2022<\/td><td>+16.25%<\/td><\/tr><tr><td>2023<\/td><td>+1.08%<\/td><\/tr><tr><td>2024<\/td><td>+6.38%<\/td><\/tr><tr><td>2025<\/td><td>+7.20% (so far)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" data-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXczmyG7a7IpubPQKZkRsgLee9n4I9pJt6r2EWk-xLOKvm7i1jHGWzTANETGtxIIgA_FxDWuQ47rHhJuQanorkAvz2ZhHqr9YSryjQApJLEka7l37lzi1kFfP86EB_xHexUoR-G_SJcTQtgD_CZL1wo?key=s-FBrMAlyE6InEJB_hAkpw\" alt=\"A graph of a growing graph\n\nAI-generated content may be incorrect.\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What\u2019s Really Going On with the Secondary Home Market?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In short, sales\u00a0volume\u00a0dipped in 2023; but, this has rebounded significantly, in both the Eastern Townships and the Laurentians, in 2025.<br>Prices\u00a0have shown\u00a0steady appreciation, continuing to climb, regardless of rate hikes or market corrections.<br>That may seem counterintuitive, but here are a few\u00a0key reasons\u00a0why the expected downturn hasn\u2019t happened (yet):<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Possible Explanations<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.\u00a0Delayed Mortgage Renewals<br>Many buyers locked in 5-year fixed rates during the pandemic. Those mortgages are just starting to come up for renewal in 2025 and 2026. The real financial strain may not have fully hit yet. Even if payments rise, many homeowners may choose to\u00a0hold on\u00a0to their properties. But, if the economy shifts, and\/or or job losses were to occur, we could start to see more of these properties\u00a0hitting the market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.\u00a0High Construction Costs<br>The cost of new construction remains high. This keeps\u00a0resale prices elevated, as buyers compare against the high cost of building, and find better value in existing homes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.\u00a0Demographic Factors<br>If many of these properties were bought by\u00a0young, financially stretched buyers, we might see issues at some point in the future. However, if most were purchased by boomers nearing retirement, these owners are likely in\u00a0stronger financial positions, and may ride out rising costs without feeling the need to sell.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Final Thoughts<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So far, the secondary home markets in both\u00a0the Eastern Townships, and in the Laurentians, have proven to be\u00a0resilient. Prices are up, sales are rising again, and there\u2019s no widespread correction in sight.<br>That said: We\u2019ll keep our eyes focused closely on the market, especially as mortgage renewals increase, and economic conditions evolve. And; as always, we\u2019ll keep you\u00a0fully informed\u00a0along the way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One thing we\u2019ve all been wondering about is the state of the cottage market post-pandemic.We&#8217;ve heard a wide range of takes, some say it\u2019s crashing, others claim it\u2019s holding steady.\u00a0Logic would suggest\u00a0that after the rush to buy secondary homes in, and around, Montr\u00e9al, during the pandemic, the market would cool off. With the end of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[84],"tags":[],"class_list":["post-453168","post","type-post","status-publish","format-standard","hentry","category-real-estate-and-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Has the euphoria faded? The unexpected reality of the chalet market. - \u00c9quipe Mark-Andr\u00e9 Martel<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Has the euphoria faded? 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