Montréal Real Estate Overview
Montreal is Canada's second largest city, but it has significantly lower housing prices than comparable urban areas.
According to the Centris Residential Sales Statistics report for the Montreal Metropolitan Area, there were nearly 10,000 residential sales transactions in the first quarter of 2013. The median price of single-family homes increased 1 percent to $272,000, while the median price of condominiums remained stable at $220,000.
Downtown Montreal lies at the foot of Mount Royal in the Ville-Marie borough, and is home to a number of luxury condos, homes, and apartments - especially in the Westmount neighbourhood. The city's English area can be found in the West Island, which includes the neighbourhoods of Pierrefonds and Roxboro.
- Montréal Population (2011)1.7 M
- 5 Year Population Change1.8%
- Number of Homes in Montréal760,000
Why Buy a Home in Montréal?
Montreal is one of Canada's most multicultural, historic, and vibrant cities.
With a history spanning back over 300 years, the city has an aura of old world charm. Eighteenth-century buildings line the boulevards in Old Montreal, while quaint café-terrasses, bistros, and boutiques border the shores of Lake Saint-Louis.
Montreal boasts a large number of parks, rivers, lakes, and green spaces. It is an ethnically diverse city, known for its open-minded and inclusive attitude. With an abundance of bars, restaurants, cultural attractions, and recreational facilities, it won't take long before you become infected with the spirit of joie-de-vivre.
Explore Montréal's Rich Cultural Heritage
Not much is known about the St. Lawrence Iroquoians who first inhabited the island of Montreal. Jacques Cartier was the first known European to lay eyes on the island in 1535, followed by the arrival of French settlers.
The division of land in New France followed the seigneurial system, in which long narrow strips of land were arranged on the banks of the St. Lawrence River, maintained by the seigneur. The system supported the development of a vast and fortified agricultural territory.
In 1760, the British defeated the French in the Battle of the Plains of Abraham, and Montreal became part of the British empire. It was incorporated as a city in 1832, and by the end of the century it had become one of the most significant economic and cultural centres in British North America.
Getting around in Montréal
Montreal operates the fourth most heavily used urban transit system in North America, after New York, Toronto, and Mexico City. It services more than 2.5 million passengers every day by subway, bus, taxibus, and paratransit.
A network of highways allows for speedy travel by car. Parking is generally pretty easy to find. Just be careful to observe all road laws: in Montreal, it is illegal to turn right on a red light.
Some of the best walking and cycling trails in Montreal can be found along the river. And of course Parc Mont-Royal, the city's largest green spaces, is beautiful to stroll through at any time of year.
Shopping and Amenities
Montreal is a shopper's paradise. Between the Complexe Desjardins, the Place Montreal Trust, the Place Ville Marie, the Montreal Eaton Centre, and the numerous independent shops and boutiques, you can literally shop until you drop.
The city has no shortage of amenities including hotels, gyms, community centres, sports fields, ice rinks, and parks. The Montreal Public Libraries Network boasts the largest French language public library system in North America (it also has items in English and other languages).
Featuring four universities, twelve CEGEPs, and many other higher-education institutions, Montreal has the highest concentration of post-secondary students in North America. McGill University is frequently ranked as the top university in Canada.
Entertainment and Attractions in Montréal
Some of the best nightlife in Canada can be found in Montreal, clustered around Crescent Street, the Plateau, the Latin Quarter, and the Gay Village.
Montreal is often referred to as Canada's cultural capital. It is Canada's centre for French language media production. The Place des Arts is the headquarters of the world-class Montreal Symphony Orchestra, the Opéra de Montréal, and Les Grands Ballets Canadiens.
During the summer, the city hosts a number of festivals, including the Just for Laughs comedy festival and the International Jazz Festival. The Montreal Canadiens and the Alouettes are the city's two most beloved professional sports teams.