Are the condo prices going continue increasing?
Question: Patrice, are the condo prices going continue increasing?
Answer: Absolutely. History repeats itself. Historically, real estate doubles every 17 years. In the last 10 years, it has tripled. Yes, it will have small pauses, corrections. If you look at the corrections that were made in the United States, the losses are already 100% recovered, and the market is on the rise. Therefore, in the medium long term range, it will definitely go up. So those who expect a crash in Canada, it will not happen. Period!
Just a tip from Pat!
Patrice Groleau , owner & certified real estate broker
Patrice Groleau was born and raised in Quebec. He completed a Bachelor’s degree in human resources at the Université du Québec à Montréal, as well as a graduate degree in Entrepreneurship at the Université de Sherbrooke and in Advanced Project Management from McGill University in Montreal. Patrice Groleau obtained licenses in Risk Management from the Université du Québec à Montréal and Canadian Securities from the Canadian Securities Institute, as well as a Real Estate Agent degree and a Chartered Real Estate Broker’s & Agency Excecutive Officer (AEO) degree from the Collège de l’immobilier du Québec.
Member of the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) and of the Greater Montreal Real Estate Board, Mr. Groleau also has a solid background in finance, having worked for several major financial institutions.