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Equipe Distinction | Courtiers hypothécaires

Our South Shore Office for Brossard, Longueuil and surrounding municipalities

If the South Shore’s market interests you, rest assured that since founding Multi-Prêts’ Team Distinction, we have secured financing for thousands of clients alike.

For a professional and personalized service, trust our brokers covering the vast territory of the “450”!

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mortgage brokerage Brossard, Longueuil and the South Shore

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The specificities of the South Shore market

The Montreal metropolitan area has a large number of municipalities, many of which are located on the South Shore. Covering over 1600 km² of the Longueuil agglomeration, the most populated city in the suburbs, and the southern crown, which includes Mont-Saint-Hilaire, Brossard, Châteauguay, and Varennes, among others. In total, more than 700,000 people live on the South Shore of Montreal.

Many cities are positioned along the St. Lawrence River or other bodies of water, such as the Richelieu River. This territory is characterized by a succession of peaceful towns and villages, conducive to family life, without being too far from the big city! This proximity attracts both local and foreign workers, who appreciate this popular region of the greater Montreal area.

The South Shore is serviced by an excellent public transportation network – the RTL – including a metro stop in Longueuil, meticulously developed bus routes and even commuter trains. The South Shore’s economic activity primarily consists of tertiary services. This region also plays a major role in the economic development of the metropolis, thanks to the healthy construction industry and the strong growth of distribution and transportation activities.

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Real Estate Market

The South Shore Real Estate Market in 2021

Not surprisingly, Longueuil is the main real estate market of the South Shore. It is the most urbanized sector of Montérégie and the demand for properties is particularly high.

The median price aligns with the average for the Montreal region, despite a slight slowdown since the beginning of the 2022 interest rate increases. A single-family home in Vieux-Longueuil costs an average of $420,000 compared to $261,000 for a condo. Single-family homes represent nearly a quarter of the available housing.

In 2021, the median price of properties on the South Shore increased by an average of 22%. The most affordable homes are located in Châteauguay, with a median price hovering around $433,000. The most expensive homes are located in Brossard and Saint-Lambert, with an average price of $770,990. Properties in the cities of Boucherville, Saint-Bruno-de-Montarville and La Prairie are also among the most expensive of the region.

The higher prices can be attributed to their exceptional geographic location, along with other appealing factors.

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Major projects impacting the South Shore

Like the Greater Montreal Area, the South Shore continues its urban sprawl and eagerly awaits the launch of the Réseau Express métropolitain (REM). Brossard will home the REM’s terminal station of the South Shore as well as two additional station; du Quartier and Panama.

Maintenance and control centers in addition to a bus terminal will neighbor these stations. The REM project is of great interest to both individuals and businesses, hence the high demand for real estate in this region of Montreal’s metropolitan area.

Mortgage broker for the South Shore

What makes a good mortgage broker for the South Shore?

If you are planning to buy a property on the South Shore cities, consult a real estate broker who knows the area well, to then partner with a mortgage broker of Team Distinction! We have strong professional relationships with both realtors and lenders servicing the South Shore region.

 

To ensure a successful transaction, book an appointment with a Multi-Prêts broker today!

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Autres Questions Fréquentes

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.

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