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An influx of Americans migrating to New England might incur a spillover north of the border into Montreal and Ottawa, which would only exacerbate their own hous

An influx of Americans migrating to New England might incur a spillover north of the border into Montreal and Ottawa, which would only exacerbate their own housing booms[1][2] along with the rest of Canada[3]. [1] https://montrealgazette.com/business/local-business/real-estate/interest-rate-hike-unlikely-to-cool-montreals-sizzling-housing-market-experts https://montrealgazette.com/business/local-business/real-est... [2] https://ottawacitizen.com/news/local-news/ottawas-housing-market-keeps-rolling-despite-higher-interest-rates https://ottawacitizen.com/news/local-news/ottawas-housing-ma... [3] https://www.wsj.com/articles/canadas-rate-hikes-jeopardize-housing-boom-11649949345 https://www.wsj.com/articles/canadas-rate-hikes-jeopardize-h...

folkrav 5y ago
Regarding Montreal - a year ago, we barely could find homes matching our needs within our budget within a ~1h, 1h30 radius around Montreal, let alone even get a single offer to stick. 50+ visits, 6-7 offers refused last I counted. We decided to stop looking for a while cause it's just getting ridiculous and impossible to manage - I can't in good conscience spend every single weekend driving around for hours with my 4yo just visiting homes... Horrible moment to get into the market, unfortunately, but that's when we finally managed to cut down on student debt and put some money aside for that. Oh well, guess we won't own for another couple of years.