Recently featured in the media on QUB Radio and in the Journal de Montréal, Jean-Sébastien Gilbert, mortgage broker at Multi-Prêts, shared his perspective on the current challenges facing the real estate market.
An inventory issue at the heart of the situation
According to him, one of the main challenges remains the shortage of available properties. “I think we have an inventory problem, and we need to fix this inventory problem so the market can stabilize.”
While new housing construction is part of the solutions being considered, he points out a significant mismatch: a large proportion of current projects are focused on multi-unit buildings, whereas buyers’ needs, particularly young families, are different. This reality continues to put pressure on the market and makes homeownership more difficult for many households.
Affordability also depends on financial capacity
Certain government measures, such as GST or QST-related credits, can help stimulate the market. However, their impact is not immediate. As Jean-Sébastien Gilbert notes, these initiatives require time before producing tangible effects on the ground.
He also emphasizes that affordability is directly tied to buyers’ financial capacity. In his view, it is essential to consider concrete ways to free up space in household monthly budgets in order to make homeownership more accessible.
Real estate as a major asset for Canadians
Jean-Sébastien Gilbert also highlights an often underestimated reality: for nearly 60% of Canadians, homeownership represents their most significant asset.
In this context, the role of the mortgage broker is crucial. Once a property is found, financing becomes a determining step in bringing the project to life and ensuring its long-term sustainability.