The residential real estate market is on steroids these days, to use the expression of business columnist Michel Girard. This craze gives notaries a lot of work, but it’s not just people who sell their homes who occupy them. Requests for an incapacity mandate and a will are exploding.
Real estate transactions in the Estrie region have jumped by 44% in 2020.
With very low mortgage rates and teleworking increasingly popular, this trend is likely to continue in 2021.
Notaries say they have never been so solicited.
This increase in traffic in notary offices is not only due to the real estate boom. It affects other sectors of activity of notarial practice.
The distress associated with the pandemic is undeniable. COVID-19-related hospitalizations and deaths are leading to increased claims.
As if, in times of confinement, people are looking for a safety net if something happens to them.
The demand for services continues to be very strong, a real effervescence that we will not see fade away anytime soon.