Laval is a rather modern city with an efficient public transit system operated by the Société de transport de Laval (STL). Some 44 bus lines connect the city’s neighbourhoods. Laval also homes three metro stations of Montreal’s orange line. Further, two commuter train lines service Laval: three stations of the Saint-Jérôme line (Sainte-Rose, Vimont and De la Concorde) and two of the Deux-Montagnes line (Île-Bigras and Sainte-Dorothée). The cost of using Laval’s public transportation is considered reasonable. Notably, the STL has generously invested to meet government standards regarding accessibility for people with disabilities.
Thinking of buying a property in Laval? This large city benefits from the economic effervescence of its great neighbor, Montreal! Laval’s real estate market is developing at a steady pace. Buyers are flocking in and most properties get snatched up quickly! To secure a loan [and the keys] to the perfect Laval home, source the advice of Team Distinction mortgage broker – we have been serving Laval for over 20 years! Laval is located close to Montreal, from which it is separated by the Rivière des Prairies. Its territory covers most of Île Jésus and extends to a few small islands belonging to the Hochelaga archipelago. Its historical and geographical links with the metropolis greatly contribute its economy and consequently, to the growth of its real estate market. According to the latest census, Laval has a population of over 438,000; which has increased consistently for decades, primarily thanks to immigration. Laval’s real estate market tends to evolve at the same pace as Montreal’s. In 2022, the number of transactions had slightly decreased compared to 2021. We can attribute the decline to the overall economic slowdown along with rising interest rates. However, Laval’s real estate sector remains dynamic given its size, with 705 properties sold in January and February. The median price was around $386,250 by the end of February 2022. Most of the properties for sale in Laval are single-family homes. Plexes of 2-5 units are also available. A condo generally sells in 45 days, compared to 33 days for a single-family home. This average rises to 75 days for multi-unit plexes. Naturally various factors will cause these averages to fluctuate. Like Montreal, Laval will benefit from the advantages of the REM (Réseau Express Métropolitain). Improved public transit will simplify travel between neighbourhoods and cities in the metropolitan region. If you live in Laval, commuting downtown for work or leisure will be easier! Other major projects under study or in the implementation phase include an urban design project around the De la Concorde and Cartier metro stations, as well as a program to revitalize the Val-Martin buildings and the development of downtown. Do you want to buy a house, a condo, or a plex in Laval? For an optimal experience, mandate the right professionals, including a real estate broker to find the house of your dreams and a good mortgage broker to then finance it! For maximum results, trust an expert who has advised clients of Laval and who is familiar with the market. Of the Multi-Prêts Hypothèques firm, Team Distinction remains at your service. Make an appointment with one of our mortgage brokers today: they will analyze your profile and develop a strategy to find you an advantageous loan at a competitive rate! A mortgage consultant is employed by a bank to sell the bank’s products. A mortgage broker, on the other hand, is independent and compares different lenders to find the best deal for the customer. Generally speaking, it’s the financial institution or lender that pays the mortgage broker in the form of commission for bringing in a customer. In most cases, the customer does not have to pay directly for the broker’s services. The commission varies according to the lender and the amount of the loan. It generally ranges from 0.5% to 1.2% of the loan amount, but this can vary. It’s essential to choose a broker with good knowledge of the local market, a solid reputation and good reviews from previous customers. Make sure he or she is certified and works with a variety of financial institutions to offer you the best choice. Mortgage rates fluctuate with the market and central bank policies. We recommend that you consult a mortgage broker or check current rates with several financial institutions for an up-to-date answer. To find out more, visit our rates page. Putting together a mortgage file can be complex and time-consuming. A mortgage broker has access to tools and resources that can help you quickly find the best possible deal. The broker is always on the lookout for the best rate for you. What’s more, they’ll guide you through the mortgage process and help you avoid potential pitfalls, so you can make the best choice for your situation. Monday: 8:00 – 20:00
Our mortgage brokers office for Laval
Mortgage brokers office for Laval
Multi-Prêts
Specificities of the Laval market
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The Laval real estate market in 2021-2022
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Laval’s major projects
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What makes a good mortgage broker for Laval?
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Office hours
Tuesday: 8:00 – 20:00
Wednesday: 8:00 – 20:00
Thursday: 8:00 – 20:00
Friday: 8:00 – 20:00
Saturday: closed
Sunday: closed
