2023-05-27 21:28:28
Rare fact usually at this time of the year, there is still availability at Déménagement Le Clan Panneton for the end of June and the beginning of July in Montreal.
This year, the company that operates in Quebec and Montreal has seen a significant drop of 30% in demand for residential moves.
« In terms of residential moves, we see a considerable decrease, compared to COVID-19, of 30%. »
The co-owner is also able to see the impacts of the housing crisis.
No matter where you are in Quebec at the moment, relocating, relocating, is extremely difficult
mentions Mr. Cyr.
Often, people will leave a place to find themselves in a new place where they will have to pay much more expensive rent.
he adds.
Interest rates involved?
Same story at Déménagement Robert Michaud in Quebec. Even if the calendar is full for the last two weeks of June, it is still possible to book for the beginning of the month.
Robert Michaud also notes a decrease of approximately 30% in the demand for residential moves.
The cause of this decrease? Robert Michaud and Pierre-Olivier attribute it mainly to high interest rates.
We saw it in the last update. When rates were frozen, we saw a small uptick in moving. So, we see that the real estate market will pick up very soon, at least for residential, when rates will start to fall
illustrates Pierre-Olivier Cyr.
However, the labor shortage is also difficult for businesses to manage. Of the sixty employees that Robert Michaud has, 15 come from abroad to alleviate the problem.
A lack of staff which also has consequences on prices, mentions Pierre-Olivier Cyr. He explains that the phenomenon particularly affects his branch in the Quebec region.
On July 1, Steve Robichaud’s teams will each make at least four moves.
Photo : Radio-Canada / Louis-Philippe Arsenault
Steve Robichaud, owner of Déménagement Pro-Efficace, qualifies the portrait. While he saw a drop in demand in May, his calendar is now full around the 1is July, with nearly 200 moves planned.
Rise in demand in commercial
While residential moves are down, the Clan Panneton has seen a 300% to 400% increase in commercial moves, both in Quebec and Montreal.
office towers empty
observe Pierre-Olivier Cyr.
000square feet at a 2000square feet “,”text”:”It’s not to move from one office to another office, it’s to move from an office to a warehouse or from a 10000 square feet to a 2000 square feet “” >It’s not to move from one office to another office, it’s to move from an office to a warehouse or from a 10,000 square foot to a 2,000 square foot
he explains.
In the first quarter of 2023, Canada’s office space vacancy rate hit an all-time high of 17.7%, according to commercial real estate consultancy CBRE.
With information from Louis-Philippe Arseneault and Pascale Lacombe
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