This home is a five-bedroom 1914 construction, which explains the aggressively plain (yet somehow overdressed) exterior. It's been very newly renovated, so much so that certain staging photos are actually virtual generations. The house is also across from Murray Hill park, giving its owners a remarkable view.
Real estate broker Luciano D'Iorio was stuck in traffic when I called him to talk about the future of Montreal's real estate market and transportation. "When you say the word transportation," he said over the phone, people tend to wonder, "what does that have to do with real estate? And my answer is, it's got everything to do with real estate."
Quebec, like the rest of Canada, has not been spared the crushing effects of inflation, especially when it comes to housing. The average cost of rent in the country just exceeded $2K for the first time ever, while Montreal's citywide average is inching ever closer to that figure.A December report by Rentals.ca that ranked Canadian cities on the basis of rent found (unsurprisingly) that Vancouver and Toronto were at the top of the list. Quebec's most expensive city was less expected.
House prices in Canada have been sweeping upward with inflation for at least a year, but a downturn is finally in the cards. RE/MAX Canada is predicting more than half of urban housing markets across the country to balance in 2023 with average residential prices decreasing by around 3%. Some cities are forecasted to see average residential sale prices drop as much as 15%. Quebec is projected to fall toward the tail end of positive housing trends, but some property types will benefit.