Plex ( Duplex, triplex etc.) Resale Market : The recent real estate boom has caused their resale value to explode

5 2014 - The purchase of small rental properties containing two to five dwellings, commonly referred to as plexes, has been a popular choice among small-scale investors in Québec over the past few years. The recent real estate boom has caused their resale value to explode, almost doubling in most areas where plexes are well established.

- In the past ten years, the increase in average price of plexes, regardless of their size, has surpassed that of single-family homes and condominiums in the province’s three main markets, meaning the Montréal, Québec City and Gatineau CMAs.

- In the past four years, plexes were the property category that registered the shortest average selling time.

- Little by little, despite several restrictions in this area, a certain number of plexes have been converted into condominiums every year.

- Management reports from the Régie du logement indicate that, for the years 2004- 2005 to 2012-2013, the Régie handled slightly more than 2,000 requests for permission to convert into divided condominiums .

- Based solely on the added value on the resale market, plexes have been a popular investment for small- scale investors in Québec in recent years.

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Marlene Ofter

Marlene Ofter

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CENTURY 21 Max-Immo
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