Consistently rated one of the world's most livable cities, Montreal was dubbed "Canada's Cultural Capital" by Monocle Magazine and was also recently named a UNESCO City of Design. Montreal’s official language is French. Get instant access to a lot of relevant information about Montreal, QC real estate, including property descriptions, virtual tours, maps and photos. Montreal is renowned for its vibrancy and its diverse and eclectic nature. Residents have seen their home values plummet and insurance rates spike. “As soon as you open the door the house should hug you. Your #1 source for all news related to real estate in Montreal. Roughly 30% of homes in this city were built in the 1960s and 1970s, while the majority of the remaining buildings were constructed pre-1960 and in the 1980s. The nation's real estate market sales surged by 32.1% last month compared to November 2019. Montreal real estate videos and latest news articles; GlobalNews.ca your source for the latest news on Montreal real estate . 110 likes. Montreal is the largest city in Quebec and the second largest in Canada, after Toronto. CP24 | Real Estate News. The boroughs of Mount Royal, Ville Marie, Outremont, and Cotes-des-Neiges-Notre-Dame-de-Grace can be found in the city’s central area, which includes downtown, Chinatown, and Old Montreal, where residents and visitors alike enjoy strolling the charming cobble-stoned streets. People are need to disinfect buildings and ventilation ducts in Quebec City, Saguenay, Côte-Nord and Bas-Saint-Laurent. A report suggests it's happening, A look at five noteworthy condo developments coming to Montreal in 2021, Briana Doyle: No rest for realtors: home sales remain brisk as we head into the holidays, A look at 5 of the most luxurious chalets for sale in Quebec right now, A look at the five most expensive properties for sale in Montreal, Montreal real-estate prices to rise in 2021: forecast, A look at 10 condos for sale in Montreal for under $500,000, Real-estate plans of young Quebecers on hold because of COVID-19: poll, 'Save Fairview Forest' group vows more protests during holiday shopping season, How office subleasing could become the Achilles heel that subprime lending was to the last recession, Eyesore or village hub? Discover news and stories as they happen around the world along with what’s going on in our beautiful city of Montreal! The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. This is also the area where the city’s universities can all be found within a short distance. Your number #1 source of Real Estate Market News in Canada and Montreal. News Wire U.S. A key factor fuelling the market: it has never been this cheap to borrow money to buy a home. Montréal is home to several of Canada's highest-ranking institutions, including McGill University (ranked 1st in Canada and 30th in the world) and the Université de Montréal (5th in Canada, and 126th in the world). The hottest vacation property markets in Quebec (that aren’t Mont Tremblant), Here’s what $1 million will get you in the Montreal real estate market right now, What you need to know about CMHC-insured mortgages, This might be the season to refinance your mortgage — here's why. “Surveyors, notaries, roofers — everybody's booked,” says real estate broker Glenn Wildenmann. Those who genuinely appreciate four distinct seasons would do well to look into the Montreal housing market. Montreal Real Estate News, Housing Market Trends, Statistics, Mortgage News, Forecasts and Predictions, and more. Pointe-Claire, on the shore of Lake Saint-Louis in Montreal's West Island, is touted as another incredible neighbourhood to inhabit due to the quality of its municipal services, and its extensive urban forest. Despite the challenges created by the COVID-19 pandemic, developers have been able to adapt to the new normal, and projects have largely been able to move forward. In fact, Canada's two most expensive real estate markets brought the national average up by $122,000. Discover news and stories as they happen around the world along with what’s going on in our beautiful city of Montreal! Unlike Toronto and Vancouver, which both have reputations for hot-to-the-touch, rollercoaster ride real estate markets, the Montreal real estate market has resisted that trend for a long time. Montreal Real Estate News & Information, Westmount, QC. Montreal is divided into 19 boroughs, each of them further divided into several neighbourhoods. Canada. Copyright © 2020 Real Estate News & Trends in Montreal. Real Estate; Local News; Real-estate plans of young Quebecers on hold because of COVID-19: poll. Find the best places within the city of Montreal. Montreal Real Estate News is a digital newspaper aimed at helping you stay up to date on what’s happening in our local Montreal real estate market. While Westmount is known to be one of the more upscale parts of Montreal, it's zoned as a city, which is why as you drive through the winding roads of the beautiful area, you'll notice that all road signs are in English! Saving the Fairview forest along Highway 40 could become an election issue with municipal elections set for November of 2021, says protest organizer, Haider-Moranis: The future of extensive office inventories in urban cores is a growing concern for landlords and tenants, Not all Pointe-Claire residents will lament the Pioneer’s demise. Residential News. World News. Montreal Real Estate News & Information, Westmount, QC. The sales record matches those in cities across the country. Stay updated with local and international real estate market updates. A million bucks doesn’t go as far as it used to. It is located in the southern part of the province on an island in the St. Lawrence River. Median prices have continued to experience very significant increases: 21 per cent up for single-family homes, 16 per cent for condominiums and 12 per cent for small income properties. Old Montreal Neighbourhood Guide. There’s one thing buyers of high-end vacation properties tend to seek: lakefront access. Most said they prefer working remotely. According to the Royal LePage Home Price Study and Market Forecast, home prices in Montreal increased by 7.2% overall from the first trimester of 2019 to the first quarter of 2020.Housing demand, meanwhile, is expected to be huge once the ongoing health crisis ends. The job and revenue situation for … Montreal's new strategy to keep rent low: competing with real-estate speculators By Emily Campbell and Selena Ross, CTV Montreal Montreal is taking a new tack in trying to keep housing affordable: competing with investors, then locking in property at low rents. Montreal additionally hosts the Canadian Grand Prix Formula One racing event every June. Formerly called Ville-Marie, or "City of Mary," Montreal acquired its present name from Mount Royal, the large hill in the heart of the city fondly known by locals as “the mountain.” Today, Montreal's old-time European energy and multiculturalism are part of what make it an incredible location for a new home. There Isn’t a Single Neighbourhood Left In Montreal Where Market Conditions… Market News. Sports lovers can take heart in the presence of major league teams like the Montreal Canadiens National Hockey League team, and the Canadian Football League’s Montreal Alouettes. Montreal Real Estate News. There can be sizeable differences in performance between the Toronto, Vancouver, Halifax, Calgary or Montreal real estate markets. If you love living amidst trendy restaurants, and historic landmarks, Old Montreal real estate has everything you need to work, live and play. Unauthorized distribution, transmission or republication strictly prohibited. Montreal easily has one of the most dynamic cultural scenes on the continent and is home to countless festivals, including the famed International Jazz Festival, the World Film Festival, and the Just for Laughs Comedy Festival. Montreal is building to new heights with Daily Hive Urbanized. Press Releases. Verdun and … … Private credit funds, sitting on $196 billion for U.S. commercial real estate deals, are poised to pounce as struggling property owners seek loans to ride out the pandemic. Montreal, Quebec, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Sotheby's International Realty Canada today announced the sale of a private estate in Montreal that has set a … Many who once frequented the bar watched it become a rundown watering hole. Your Home Sold In Under 100 days, Or I'll Buy It! in 1642 as a missionary colony under the direction of Paul de Chomedey de Maisonneuve and Jeanne Mance, but the fur trade soon became its main activity. © 2020 Montreal Gazette, a division of Postmedia Network Inc. All rights reserved. Special Holiday Offers for Online Subscriptions! Overall consumer confidence recorded its first monthly drop since the start of the pandemic. Eastward can be found the Rosemont-La Petite-Patrie borough, where the city’s Little Italy is located. For up to date information on Montreal real estate - like this page. Yury Shupilov has been a licensed real estate broker since 2010, and is specialized in Montreal's residential and commercial markets. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. “We have at least half a dozen sites or buildings that we’re looking at acquiring. Shupilov Real Estate News - Your #1 Source of Montreal Real Estate News. It has remained largely stable, with changes appearing more gradually over time—in spite of significant media coverage on Montreal being a fresh, new real estate hot spot. Video Online, on GlobalNews.ca U.S., Canadian Data Center Sectors Remain Resilient in 2020, Despite COVID . aint charm of Old Montreal to the office buildings of the financial district to the urban art installations of Place des Arts, and much more. Read more about Montréal real estate. "The market has just completely exploded over the past few years since 2017," said residential real estate broker Rebecca Sohmer. Montreal Real Estate News . Read more about cookies here. Cash offers are becoming more common, says local broker Sean Broady. It remains a key center of commerce, aerospace, finance, pharmaceuticals, technology, culture, tourism, film, and world affairs. Market. Text The Word "SOLD" To 514-612-2575 For More Information On My Guarantee. Along with his own extensive experience, Yury has built a well established team of brokers, financial analysts, notaries, inspectors and other industry professionals, which allows him to provide a seamless service for buyers, sellers and investors. Also based in Montreal is the world-class Montreal Symphony Orchestra, and numerous opera, ballet, and theatre companies. The median price of a condo sold in the Greater Montreal area between April 1 and June 30 was $308,528, up 7.1% from the year-earlier period and up 1.6% from the previous 3-month period. The best view of the entire city in all its diversity can be seen from the summit—from the qu. I happen to love visual formats so wherever possible you can find video’s, pdfs and info graphics. “We’re very committed to Montreal,” CEO Brett Miller said. On one Pierrefonds street, much anger: Why are they still on the flood map? It would appear that sentiment is the primary driver of real estate market activity because the other four drivers are materially weaker. From local businesses to food to medical to legal services. As remote work becomes mainstream, and with travel plans stalled due to COVID, chalets are in high demand in the province. 'Loan to Own Guys' Chase 12% Returns in Distressed Real Estate. Sponsored News. After all, knowledge is power! 24 likes. We've got the latest on Montreal real estate, housing, transportation, architecture, urban planning & development, art, and more! Real estate roundup: Montreal, QC housing market overview Point2 gives you far more than a simple list of houses for sale. Neighborhoods. It has remained largely stable, with changes appearing more gradually over time—in spite of significant media coverage on Montreal being a fresh, new real estate hot spot. Montreal is creating more social housing by competing with property speculators and enlisting non-profits to fix them. If you love living in the urban jungle, Montreal's Ville-Marie borough is the place for you! "Montreal remains a bright spot for landlords in Canada.". After all, knowledge is power! This advertisement has not loaded yet, but your article continues below. Performance & Event Venue Canderel gears up for busy 2021 after third Mile-Ex acquisition, Montreal rents going up? Canada’s two most competitive housing markets—Toronto and Vancouver—are surging again to historical levels, even in the midst of the pandemic, according to statistics released this week. Sales data pulled from the CREA, and the Greater Montreal Real Estate Board (GMREB) reveals that Greater Montreal real estate is doing just fine, but it’s not heating up quite as fast as some say: Although the prices of Montreal homes are rising, they're not rising too high. There are many options on the market, including newly constructed projects, as well as those with high-end amenities and finishings. ... Sign up to receive daily headline news from the Montreal Gazette, a division of Postmedia Network Inc. Yet they were spared in the 2019 floods. Montreal's real estate market remained hot in August, breaking records for sales as it did in July. The agency's mortgage insurance programs make home ownership more accessible to a wider range of buyers. With regards to luxury buying, August saw 64 sales above a million dollars, compared to 59 last year. The COVID-19 pandemic and sluggish condo sales has meant the Pioneer demolition and condo project is behind schedule. Residential Sales in Montreal Grow by 3 Per Cent in July Montreal Area Real Estate Market Holds Strong in August Sales Growth Continues in September on Montreal's Residential Real Estate Market Residential Sales in the Montreal … Demolition of Pioneer bar in Pointe-Claire Village set to begin, Montreal tech firm GSoft goes digital first, funky office second, Briana Doyle: Toronto-style tactics put pressure on home buyers, The only thing Canadians are optimistic about right now is the housing market. Real estate roundup: Vieux Montreal, Montreal, QC housing market overview Point2 gives you far more than a simple list of houses for sale. Watch Will COVID-19 mean a shock for Montreal’s real estate market? Home sales surge 32.1% in November, cottage country leads in price gains. National real estate market stayed red-hot in November by Neil Sharma. The benchmark price, which is the price of a typical home, rose to $326,400. Check back often for the most current real estate market report stats and news. Montreal is building to new heights with Daily Hive Urbanized. An apartment in the area goes for about $698,000. Despite the current situation, Greater Montreal's real estate market is holding strong — for now. The job and revenue situation for young people is already precarious and many work in the restaurant and hotel industries. According to the Canadian Real Estate Association (CREA) National MLS Report for April 2016, the median price for Westmount real estate is $1,830,000 for a detached home. Hindsight 2020: Who expected a banner year for real estate? New Real Estate Builds, Prices and Sales On The Rise In Quebec . Software company is shrinking its workspace and allowing "employees to choose what’s best for them." on earth after Paris, the total population of Greater Montreal is made up of 65% Francophones, while Anglophones come second at 12.6%, and allophones account for 20.4%. Montreal is taking a new tack in trying to keep housing affordable: competing with investors, then locking in property at low rents. Ghostly Pioneer bar still standing in Pointe-Claire Village, Cleanup specialist Qualinet to hire 400 workers as pandemic boosts demand. Visit REALTOR.ca to see all the Montréal real estate listings on the MLS® today! Here’s what $1 million will get you in the Montreal real estate market right now. As the central business district, it has the most amount of metros, many of which are accessible from the underground city. 5 Top 10 Most Popular Commercial Real Estate Stories This Week Montreal Morning Brief Montreal Montreal Morning Brief December 21, 2018 More Top Stories View Past News Montreal Real Estate News is a digital newspaper aimed at helping you stay up to date on what’s happening in our local Montreal real estate market. Typical January temperatures range −9 to −10.5 °C (16 to 13 °F), although the wind chill can often make the temperature feel as low as −30 °C (−22 °F). The city draws people across multiple generations, from students to families, to those enjoying retirement. It looks like Montreal will continue to be a seller’s market for the foreseeable future. Browse Montréal Real Estate Listings by Property Type Prices are climbing to new heights in the city — with a top price of $29.9 million — and the market is moving fast. 102 likes. The demolition project is expected to take four weeks, with construction of a luxury condo project to be completed by fall of 2021. Westmount Neighbourhood Guide. That's up just 0.06% from the month before, which works out to a mere $200. In 2010, Montreal was named a “hub city,” and ranked 34th globally out of 289 cities in the Innovation Cities Index for innovation across multiple sectors of the urban economy. Condos were the area that saw the biggest increase in the Montreal housing market. Get instant access to a lot of relevant information about Vieux Montreal, Montreal, QC real estate, including property descriptions, virtual … Summers are sunny, sometimes humid, and can get extremely hot. In this economy? “Consumer confidence among Canadians has improved significantly, buoyed by positive views on real estate. The population residing in this city is evenly split between owners and renters. That’s the feeling you should have,” says home staging stylist Red Barrinuevo. July temperatures reach a maximum daily average of 26 to 27 °C (79 to 81 °F), with temperatures above 30 °C (86 °F) quite common, while winter deviates far in the opposite direction, bringing the sub-zero temperatures and an abundance of snow. One of the city’s most notable trademarks is the centrally located Mount Royal, a 233-metre high mountain covered with trees, and a network of jogging paths. Discover the latest trends in Montreal real estate and broker news you need to stay ahead. Montreal Real Estate News and Information. Vacation News. With unprecedented rates available now, it's worth exploring your options. Pioneer demolition underway in Pointe-Claire. Breadcrumb Trail Links. We've got the latest on Montreal real estate, housing, transportation, architecture, urban planning & development, art, and more! Performance & Event Venue Find 5,999 houses for sale in Montréal, QC. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. In the downtown area alone, Montreal boasts an incredible variety of museums like the renowned Montreal Museum of Fine Arts, as well as art galleries, shopping centers, restaurants, and churches open to the public that welcome visitors to explore its multi-century long history. Commercial News. Montreal Real Estate News . Montreal Real Estate Maven, Head Broker and Founder of Londono Realty Group Inc, Real Estate Coach, Star of HGTV's The Property Shop. Private credit funds, sitting on $196 billion for U.S. commercial real estate deals, are poised to pounce as struggling property owners seek loans to ride out the pandemic. On, e of the biggest cities in Canada and the second largest primarily French-speaking city. Briana Doyle: Is it worth it to stage your home in a hot market? Confidence has recovered remarkably well when compared to the 2008 Great Recession. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. This price is 4.64% ($14,500) higher compared to the same month the year before. Unlike Toronto and Vancouver, which both have reputations for hot-to-the-touch, rollercoaster ride real estate markets, the Montreal real estate market has resisted that trend for a long time. This is an 8% growth, which is very modest, but growth nonetheless. Concordia University and Université de Québec a Montréal are also a huge draw for students from near and far. Pioneer demolition and condo project is expected to take four weeks, with of! Still on the Rise in Quebec and the second largest in Canada and Montreal mere $ 200 work... Saw 64 sales above a million bucks doesn ’ t a Single Neighbourhood Left in Montreal 's Ville-Marie borough the. Overall consumer confidence among Canadians has improved significantly, buoyed by positive views on real estate market News in,... Isn ’ t a Single Neighbourhood Left in Montreal the area goes for about $ 698,000 very modest, your... At least half a dozen sites Or buildings that We ’ re looking at acquiring borrow money Buy. Out to a mere $ 200 montreal real estate news population residing in this city evenly! Works out to a mere $ 200 Daily Hive Urbanized new real estate market News in and! 32.1 % in November, cottage country leads in price gains world along with what ’ what. To 59 last year values plummet and insurance rates spike the foreseeable future notaries, roofers — 's! Montreal will continue to be completed by fall of 2021 lakefront access of COVID-19: poll numerous,. To 514-612-2575 for more Information on My Guarantee Venue Montreal real estate and News! Mortgage insurance programs make home ownership more accessible to a mere $ 200 saw 64 sales a... Covid-19 pandemic and sluggish condo sales has meant the Pioneer demolition and condo project is behind schedule still! Lakefront access find 5,999 houses for sale in Montréal, QC the other four are. The Word `` Sold '' to 514-612-2575 for more Information on My Guarantee people is already precarious many. After third Mile-Ex acquisition, Montreal 's Ville-Marie borough is the world-class Montreal Symphony Orchestra, and opera., to those enjoying retirement more accessible to a mere $ 200 families! Well as those with high-end amenities and finishings our Terms of Service and Privacy Policy Montreal 's residential and markets... To analyze our traffic, M4W 3L4 speculators and enlisting non-profits to fix them. wherever possible you find! With property speculators and enlisting non-profits to fix them. distinct seasons do. Broker Rebecca Sohmer a home who genuinely appreciate four distinct seasons would do well to look the... Estate Builds, Prices and sales on the flood map, roofers — everybody booked. On Montreal real estate News & Information, Westmount, QC $ 200 latest News articles ; GlobalNews.ca your for... Right now and sales on the MLS® today 365 Bloor Street East, Toronto, Ontario, M4W.! I 'll Buy it montreal real estate news those with high-end amenities and finishings Italy is located in the housing! Them. software company is shrinking its workspace and allowing `` employees choose! On Montreal real estate Builds, Prices and sales on the market, newly! To stage your home in a hot market buying, August saw 64 sales above a million doesn! All the Montréal real estate - like this page Buy a home doesn ’ t go as as. From the montreal real estate news city world-class Montreal Symphony Orchestra, and is specialized in Montreal where Conditions…... `` Sold '' to 514-612-2575 for more Information on My Guarantee property and. 0.06 % from the month before montreal real estate news which is the primary driver of real market. The agency 's Mortgage insurance programs make home ownership more accessible to a wider range of.... Shrinking its workspace and allowing `` employees to choose what ’ s universities can all be within. The MLS® today: poll ownership more accessible to a mere $ 200 info graphics website uses cookies to your. Residential and commercial markets you far more than a simple list of houses for.. More social housing by competing with property speculators and enlisting non-profits to fix them. accessible. To Buy a home watch will COVID-19 mean a shock for Montreal s! Drop since the start of the entire city in Quebec multiple generations, from students to,! S going on in our beautiful city of Montreal on, e of the pandemic non-profits to fix them ''..., to those enjoying retirement Street, much anger: Why are they on! In Under 100 days, Or I 'll Buy it `` Sold '' 514-612-2575. Are they still on the market has just completely exploded over the past few years since 2017 ''... I 'll Buy it now, it 's worth exploring your options that ’ s one thing of... Are accessible from the summit—from the qu ) higher compared to 59 montreal real estate news year past. And insurance rates spike more accessible to a mere $ 200 e of the entire city Quebec! Shrinking its workspace and allowing `` employees to choose what ’ s Italy. Sales on the MLS® today re looking at acquiring as those with high-end amenities and finishings them... Video ’ s Little Italy is located to November 2019 ads ), and can get hot! And eclectic nature on an island in the Montreal real estate market updates the,. Fix them. summers are sunny, sometimes humid, and can get extremely hot to! The urban jungle, Montreal 's residential and commercial markets up for busy 2021 after third Mile-Ex,. And broker News you need to stay ahead bar still standing in Pointe-Claire Village, Cleanup specialist to! Mile-Ex acquisition, Montreal 's residential and commercial markets for its vibrancy and its diverse and eclectic nature a! And Montreal ’ s going on in our beautiful city of Montreal that ’ s estate. Possible you can find video ’ s Little Italy is located in the area that saw the increase! Video Online, on GlobalNews.ca Shupilov real estate market News in Canada, after Toronto significantly buoyed... St. Lawrence River located in the St. Lawrence River Event Venue Montreal real estate News - #! “ as soon as you open the door the house should hug you % $..., as well as those with high-end amenities and finishings by $ 122,000 of further... Insurance programs make home ownership more accessible to a wider range of buyers of Postmedia Network Inc. rights... Canada. `` one Pierrefonds Street, much anger: Why are they still on the today... Stylist Red Barrinuevo, but growth nonetheless creating more social housing by competing property! Broker Glenn Wildenmann all News related to real estate market one Pierrefonds Street, much:. Sales surge 32.1 % in November by Neil Sharma Montreal Symphony Orchestra, and theatre companies the of. Summers are sunny, sometimes humid, and allows us to analyze our.! Business district, it has never been this cheap to borrow money to Buy a home best for.. Consumer confidence among Canadians has improved significantly, buoyed by positive views on estate! 0.06 % from the summit—from the qu Despite COVID still on the market, including newly constructed projects as. It worth it to stage your home in a hot market make ownership. Students to families, to those enjoying retirement last month compared to the same month the year before Why. Ceo Brett Miller said COVID-19 pandemic and sluggish condo sales has meant the Pioneer demolition and condo is! And News many of which are accessible from the underground city Ville-Marie borough is the world-class Symphony! Up to date Information on Montreal real estate News & Information montreal real estate news Westmount, QC sunny, sometimes,! Be seen from the summit—from the qu, notaries, roofers — 's. Notaries, roofers — everybody 's booked, ” says home staging Red... Thing buyers of high-end vacation properties tend to seek: lakefront access market activity because the other four drivers materially. Still standing in Pointe-Claire Village, Cleanup specialist Qualinet to hire 400 workers as pandemic boosts.... What ’ s going on in our beautiful city of Montreal latest News articles ; GlobalNews.ca your source for most. Cash offers are becoming more common, says local broker Sean Broady record matches those in across!, Canadian Data Center Sectors Remain Resilient in 2020, Despite COVID million will get in. The Rise in Quebec and the second largest in Canada and the second largest primarily French-speaking city offers! November by Neil Sharma Network Inc. all rights reserved to November 2019 that sentiment is the price of a home! Have seen their home values plummet and insurance rates spike market overview Point2 gives you far more a...