En 10 ans, le prix des maisons unifamiliales a plus que doublé à Laval
Courrier Laval
AI Article Summary
The median price of single-family homes in Laval has doubled in ten years to $601,000. Household incomes rose by only 17% over the same period, making it harder for first-time buyers. Mortgage payments have tripled since 2015, with the minimum down payment posing a major hurdle to homeownership.
What This Means for Canadian Contractors
For Quebec builders, this means that the demand for more affordable construction solutions may increase. The importance of prefabrication and cost-effective construction methods is likely to grow to meet the need for more accessible homeownership. Contractors will also need to navigate complex financial environments to offer attractive financing options.
