Montreal Canada Real Estate


The Montreal, Canada real estate market is one to watch. As the second largest of Canada's cities, it is the ideal choice for international visitors, families and others looking for affordability and availability.

Montreal, Canada real estate ranges from affordable to pricy, depending on location, style and age. The city of Montreal is the second largest in the country and the largest in Quebec Province. With a city population of more than 1.6 million people and a metropolitan area population well over 3.6 million people this city is a prominent destination for business travelers, as well as families, young adults and international travelers. The real estate market here is promising, and many experts recommend buying now.

Like much of the Canadian real estate market, the area has seen some ups and downs in price recently. House prices in Montreal peaked in 2008 through 2009 and have since cooled significantly. Real estate in Montreal, especially the downtown region or the higher end suburban areas is the most expensive. Lofts, apartments, condos and larger, luxury homes in these areas are the most expensive in the area. However, those who are moving to the city for its upscale living atmosphere, from its business centric focus to its true cultural prominence will find these prices are ideal to get the type of high quality living experience they are seeking.

Montreal real estate for sale does range in terms of availability. Most locations do have available inventory, including many of the suburban areas that are very popular. You will find Montreal real estate listings for condos, office space and family homes to be the most in demand, but most are priced to sell. In 2010, the housing market did wake up some from the slowing earlier in the year, and many are expecting to see more listings surface in the months coming, especially as employment opportunities become more plentiful in Montreal itself.

As for the rental market, options are available here, too. Montreal rentals are priced fairly based on location then size. The most popular rental options are in downtown Montreal where apartments, including loft style facilities and condos are the most in demand.

Montreal real estate is promising. Top locations include the Island of Montreal and the nearby cities of Longeuil, Brossard and St. Lambert. Real estate in Montreal is likely to get more expensive in the coming months and years, experts warn. This up and coming city center is driven by buyers right now, but there are true options for affordable buying here. However, it is likely that property values will increase as the economy improves.