State of the real estate market in Saint-Lambert in 2025: trends and advice.
Real estate market in Saint-Lambert in 2025: trends and forecasts
The year 2025 is shaping up to be a key period for the Saint-Lambert real estate market, a dynamic city located on the South Shore of Montreal. With its charming streets, quality schools, and easy access to public transport, Saint-Lambert attracts many buyers and investors. This article analyzes current trends, forecasts for 2025, and the factors influencing the local market.
Current real estate market trends
Price increases
Over the past few years, the Saint-Lambert real estate market has experienced a strong rise in prices. According to the CIGM (Chamber of Real Estate of Montérégie), the median price of single-family homes rose by 12% in 2024, reaching about CAD 600,000. Two- to three-bedroom properties, in particular, are in high demand, contributing to the rise in prices.
Decline in inventory
Another notable trend is the shrinking inventory of homes for sale. In 2024, the number of listings fell by 15% compared with the previous year, making the market more competitive. This situation gives sellers an advantage, but makes the task of buyers looking for their ideal home more challenging.
Forecasts for 2025
Price stabilization
For 2025, experts predict price stabilization, though a slight increase is expected. Forecasts indicate a moderate rise of 3 to 5% in property prices, supported by ongoing demand and limited supply. The Canada Mortgage and Housing Corporation (CMHC) notes that demand for Saint-Lambert will continue to be strong thanks to its family-friendly appeal and proximity to Montreal.
Demographic growth
The city is also expected to experience continued demographic growth, fueled by the arrival of young families and professionals. Data from Statistics Canada show that Saint-Lambert's population increased by 8% between 2016 and 2021, a trend that is expected to continue. This growth will increase demand for affordable, family-friendly housing.
Factors influencing the local market
Local economy
Saint-Lambert’s economy is solid, supported by local businesses and well-developed infrastructure. In addition, the proximity of large companies in Montreal offers job opportunities, attracting new residents. The regional unemployment rate is lower than the national average, contributing to the stability of the real estate market.
Infrastructure and transport
Recent infrastructure improvements, such as road widening and the development of new public transit projects, make Saint-Lambert even more attractive. The Montreal Transit Service (STM) has recently announced transit line expansion projects, easing access to Montreal and making the city more accessible for commuters.
Tips for buyers and investors
Market analysis
For buyers, it is essential to thoroughly analyze the market before making a decision. This includes reviewing recent data on prices and trends. Platforms like DuProprio and Centris provide valuable information about the local market.
Financial preparation
Potential buyers should also prepare financially. This is the time to explore available financing options, including mortgage interest rates which, although still low, could start to rise. It is advisable to consult a mortgage broker to obtain the best possible terms.
Long-term investment
For investors, Saint-Lambert represents an interesting opportunity. Investing in rental properties can offer a good return, especially with growing demand. Investors should still be mindful of the market and evaluate properties based on their long-term appreciation potential.
Conclusion
In short, the Saint-Lambert real estate market in 2025 should be characterized by price stabilization and sustained demand, due to various economic and demographic factors. Whether you are a buyer or an investor, it is crucial to prepare well and stay informed in order to make informed decisions. With proper planning, Saint-Lambert can offer interesting opportunities for all who wish to settle there or invest in this beautiful region.
