Montréal real estate information

Montreal is the second-largest city in Canada and the largest city within the province of Quebec. The average price for a Montreal real estate listing is projected at $279,000 for 2010, according to a recent CHMC Outlook. Situated between Lac des Deux-Montagnes to the East and Lac Saint-Louis to the West, over 40,200 Montreal listings are sold each year. With French as the official language, the Montreal real estate market is situated within the only Francophone metropolis in North America. Montreal real estate is also impacted by the 2006 UNESCO City of Design designation, its historic cobblestone streets and its lively cultural communities. From the Notre-Dame Basilica situated in Old Montreal to the cutting-edge condos in the Plateau Mont Royal, Montreal real estate transactions take place within a diverse tapestry of architecture.

Montreal real estate listings are priced depending on where they sit within a circular grid leading to Mont-Royal. Montreal real estate situated at the center of the island differs from that off the island or in the east/west ends of the island. Also important to note, Montreal is home to the Nation's largest rental market. Condominiums encompass a large part of the Montreal real estate market. This is true both within the city center and increasing in the suburbs (the South Shore especially), according to the Greater Montreal Real Estate Board (GMREB). The Montreal real estate market slows each summer as most Montreal real estate professionals vacation during this time. With redevelopment projects, such as the city-back St. Laurent Boulevard project and the Rose Group's loft conversions in the paper hill neighborhood (ie. the Gillette lofts and more recently the Wilson building), the face of Montreal real estate continues to embrace both the old and the new all at once.

Learn more about Montréal, Quebec