Where to buy real estate in Montreal 2018
Realtors still see upside in neighbourhoods on and nearby Montreal Island
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Realtors still see upside in neighbourhoods on and nearby Montreal Island
COMPARE MORTGAGE RATES: MoneySense Mortgage Rate FinderStill, there are questions. Is the city’s property market entering a bubble? Just last year, we were reporting how hot Montreal real estate market was. Has anything changed? Yes and no. After decades of slow growth, Montreal’s gains in property values are a welcome sight. And these gains have to be put into perspective. A gain of 14% on a $450,000 home is only a $63,000, while a 14% gain on a Vancouver home is closer to $270,000 (based on the average cost of a single-family home in the GVA which was just above $1.92-million). Now, add to this mix a bunch of proactive developers. Montreal experienced a big jump in housing starts last year and when this product comes on the market, in the next few years, it will probably help to moderate any future price increases. Of course, none of this helps buyers right now. We can. As in previous years, we ranked all the Greater Montreal neighbourhoods to find good, solid value communities. By examining downtown communities and commuter neighbourhoods we identify the areas poised to maintain their value and continue their pricing momentum. As always, the key to a smart real estate buy, particularly in a hotter market, is to find a neighbourhood that can withstand a potential correction and offers the possibility of future growth. That’s what our Top 25 neighbourhoods offer — a chance to buy a home that fits your lifestyle and your budget and can withstand whatever hiccups may come your way.
Rank | Neighbourhood | Area | Average home price (2017) | Value | Momentum | Realtor Grade | Average price vs. area | Avg. price vs. metro district | Avg. price vs. outer region | 1-year price change | 3-year price change | 5-year price change |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Laval-Ouest | Laval | $262,074 | 83.75 | 73.92 | ★★½ | 87.27% | 74.35% | 68.92% | 11.25% | 13.06% | 17.81% |
2 | Saint-Mathias-sur-Richelieu | South Shore | $306,133 | 61.46 | 92.43 | ★★½ | 89.91% | 89.02% | 80.51% | 11.71% | 27.25% | 31.35% |
3 | Rosemont/La Petite-Patrie | Montréal Island | $585,431 | 29.58 | 97.03 | ★★★½ | 100.00% | 98.97% | 153.95% | 19.96% | 24.00% | 43.33% |
4 | Pointe-Calumet | North Shore | $209,340 | 95.83 | 74.90 | ★★ | 79.04% | 73.05% | 55.05% | 6.38% | 12.59% | 22.86% |
5 | Saint-Hubert | South Shore | $299,864 | 58.75 | 65.38 | ★★★½ | 100.00% | 87.19% | 78.86% | 7.11% | 14.10% | 15.28% |
6 | Blainville | North Shore | $400,346 | 34.17 | 77.79 | ★★★★ | 97.76% | 139.70% | 105.28% | 11.93% | 17.51% | 17.24% |
7 | Vaudreuil-Dorion - Secteur Dorion | Vaudreuil-Soulanges | $286,989 | 70.42 | 44.16 | ★★★½ | 88.48% | 86.63% | 75.47% | 5.00% | 5.82% | 13.57% |
8 | Pointe-Claire | Montréal Island | $479,476 | 49.58 | 96.23 | ★★½ | 82.77% | 81.05% | 126.09% | 14.60% | 30.66% | 31.57% |
9 | Mirabel | North Shore | $301,233 | 50.42 | 75.41 | ★★★ | 100.00% | 105.11% | 79.22% | 5.92% | 16.25% | 19.87% |
10 | Notre-Dame-de-l'Île-Perrot | Vaudreuil-Soulanges | $420,940 | 20.00 | 94.53 | ★★★½ | 124.16% | 127.06% | 110.70% | 20.99% | 23.98% | 28.08% |
11 | Les Cèdres | Vaudreuil-Soulanges | $248,767 | 79.17 | 49.76 | ★★★ | 97.24% | 75.09% | 65.42% | 10.81% | 7.85% | 11.58% |
12 | Brossard | South Shore | $422,911 | 38.13 | 75.16 | ★★★½ | 92.05% | 122.97% | 111.21% | 6.02% | 14.25% | 21.75% |
13 | Gore | North Shore | $247,190 | 66.88 | 98.93 | ★½ | 102.20% | 86.25% | 65.00% | 31.43% | 27.89% | 66.33% |
14 | Greenfield Park | South Shore | $306,058 | 61.46 | 70.84 | ★★★ | 91.54% | 89.00% | 80.49% | 8.84% | 14.33% | 16.23% |
15 | Coteau-du-Lac | Vaudreuil-Soulanges | $297,336 | 48.96 | 82.58 | ★★★ | 116.23% | 89.75% | 78.19% | 12.72% | 17.43% | 19.40% |
16 | Pincourt | Vaudreuil-Soulanges | $324,701 | 51.46 | 59.96 | ★★★½ | 95.77% | 98.01% | 85.39% | 4.77% | 15.25% | 13.84% |
17 | Saint-Zotique | Vaudreuil-Soulanges | $257,778 | 71.04 | 63.85 | ★★½ | 100.77% | 77.81% | 67.79% | 7.31% | 12.37% | 15.80% |
18 | Villeray/Saint-Michel/Parc-Extension | Montréal Island | $390,595 | 54.38 | 66.17 | ★★★ | 100.00% | 66.03% | 102.72% | 7.33% | 7.51% | 19.88% |
19 | Le Sud-Ouest | Montréal Island | $525,435 | 36.25 | 87.79 | ★★★ | 99.49% | 88.82% | 138.18% | 8.69% | 22.68% | 28.71% |
20 | Lachine | Montréal Island | $442,126 | 47.92 | 90.74 | ★★½ | 99.55% | 74.74% | 116.27% | 15.38% | 20.86% | 26.22% |
21 | Vaudreuil-Dorion - Secteur Vaudreuil Ouest | Vaudreuil-Soulanges | $338,615 | 52.92 | 49.50 | ★★★½ | 85.99% | 102.21% | 89.05% | 4.69% | 13.61% | 11.58% |
22 | Saint-Philippe | South Shore | $273,023 | 70.42 | 66.38 | ★★½ | 98.28% | 79.39% | 71.80% | 5.18% | 8.30% | 23.74% |
23 | Saint-Jérôme | North Shore | $234,436 | 78.75 | 48.83 | ★★½ | 96.93% | 81.80% | 61.65% | 5.44% | 7.31% | 13.65% |
24 | Les Coteaux | Vaudreuil-Soulanges | $221,203 | 92.50 | 30.20 | ★★★ | 86.47% | 66.77% | 58.17% | 2.63% | 11.31% | 8.65% |
25 | Saint-Amable | South Shore | $245,282 | 90.21 | 38.39 | ★★½ | 80.20% | 71.32% | 64.50% | 4.95% | 7.31% | 11.34% |
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