S'abonner à PMML Mensuel

Actualités du marché envoyés à chaque mois

En vous inscrivant au blog PMML, vous restez dans l’action et acceptez d'être tenu au informés des dernières tendances du marché pour maximiser le rendement de vos investissements immobiliers.

test blog courtier pmml

In 2024, the Saguenay real estate market is at a pivotal stage. While several regions in Quebec are feeling the impact of economic uncertainty, Saguenay is emerging as a dynamic zone, with promising signs of sustained growth and fruitful investment opportunities. By analyzing the residential, commercial, and industrial sectors, as well as mortgage trends, we observe that the region is on track to establish itself as an expanding market.

1. Multifamily Real Estate: Stability and Growth Prospects

The multifamily housing sector in Saguenay presents a combination of stability and gradual growth. In 2024, despite a slight variation in costs per unit, the market is showing signs of long-term resilience and attractiveness:

5 to 11 Units :

The price per unit increased by a modest 1% between 2023 and 2024, reaching $77,000. This stability is encouraging for investors seeking secure appreciation, with steady rent growth. The overall capitalization rate (CAP rate) slightly increased from 4.8% to 5.0%, indicating a healthy balance between return and risk, but more importantly, a rise in the profitability of real estate assets.

12 to 49 Units :

Although the average price per unit slightly decreased by 2%, the capitalization rate rose from 3.4% in 2023 to 5.8% in 2024, a remarkable increase of 69%. This change indicates strong rental demand, combined with high return potential for investors. Although the small sample size affects the statistical reading, this indicator is crucial and demonstrates the continued appeal of larger portfolios.

These trends reveal a solid future for residential real estate in Saguenay, with growing rental demand supported by rising rents in several segments. Studios, for example, saw their average rent increase by 2.7%, while 3 ½ and 4 ½ apartments recorded respective increases of 9.3% and 8.1%. This rent growth, coupled with falling mortgage rates, means that investors will enjoy even more attractive rental returns in the coming months.

2. Mortgage Rate Dynamics and Its Impact on Economic Value

One of the most important trends shaping the real estate market in 2024 is the gradual decline in mortgage rates. This shift, after successive hikes to combat inflation, has a direct and positive effect on investment capacity and property acquisition. As rates decrease, accessibility to the market by buyers and investors rises, driving demand and increasing property market values.

This trend will not only support property value growth in Saguenay but also attract outside investors. Stable income-generating properties, combined with more favorable financing conditions, make Saguenay a prime region for those seeking to diversify their real estate portfolio while benefiting from a growing market.