Sandy MacKay, a top local realtor from the Hamilton area, says that investors should be paying attention to the city as it has a lot to offer.
Montréal Home Price
With a median listing price of $299,900, Montréal is Canada’s 1425th most expensive when ordered by median listing price.
In Aug the median listed house price of $299,900 in Montréal was an impressive compared to the rest of Quebec.
If you’re looking at investment properties in Montréal, then you’re most likely to find homes with 3 bedrooms on sale this month.
As one of Quebec’s many potential real estate investment neighbourhoods, Montréal needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Montréal have dried up which would tend to indicate that demand is higher than the supply of new properties.
Montréal was Canada’s 542th most expensive suburb by listed median house price this month.
The median house price listed in Montréal this month is $205,000.
Will prices rise across the next year in in Montréal? There are a number of real estate indicators to consider.
In Montréal, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
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