What Canada's second-tier cities lack in glamour they make for in affordability. Of Canada's three largest cities, only Montreal makes it onto a new ranking of the top 10 most affordable cities in Canada for first-time homebuyers.
Home prices slipped and sales plummeted across the Montreal area in December. That's according to the Quebec Professional Association of Real Estate Brokers (QPAREB), which released its first report of 2023 on January 5. The association gave a snapshot of home price trends in the five zones that comprise the metro area: Montreal Island, the North and South Shore, Vaudreuil-Soulanges and Saint-Jean-sur-Richelieu.
Well, if you're looking for a new home, an investment property or a new project, there are definitely some steals in Montreal, many of which are for sale for less than $500,000. Although that's still quite costly, finding something for any less is seemingly impossible in today's market. Whether you're on the hunt for a house for yourself, the family or you want a much-needed fixer-upper to snag a sweet profit, these seven homes just might do the trick!
Bienvenue à bord the train to complete exasperation with meteoric real estate prices. A new map of the Montreal REM (Réseau express métropolitain) showing property price tags around every station might temper your dreams of owning a large, rail transit-accessible home.The map, put together by local broker Charlyse Amoussou (@immocharlyse) using data from Centris, lists median 2021 and Q1 2022 selling prices for three-bedroom houses in the area around each of the REM's planned 26 stations in Montreal, Laval, the North and South Shores.