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Average Real Estate Prices and Appreciation Rates in Montreal

All figures are based on Centris stats for the for the last four quarters of 2017.

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Thinking of buying a real estate investment in 2018? Here’s a break-down of the Montreal neighbourhoods and boroughs that performed the best in 2017, based on appreciation rates, increase in sales volume, and proximity to Downtown

All figures are based on Centris stats for the for the last four quarters of 2017.

Overall figures for Montreal: 

  • Total Sales:
    • 17,311 residential units sold
    • + 10% increase in sales volume.
  • Single Family Homes
    • 5,728 sold
    • 4% increase in sales volume
    • Median price: $440,000
    • +7% appreciation
  • Condominiums:
    • 8,517 sold
    • 16% increase in sales volume
    • Median price: $292,000
    • +3% appreciation
  • Plexes: (2-5 units):
    • 3066 sold
    • 7% increase in sales volume
    • Median price: $505,000
    • +5% appreciation

Top performer 1: Verdun

  • Total Sales: 789 sold
  • 0% increase in sales volume.
  • Single Family Homes: 113 sold
    • -12% decrease in sales volume
    • Median price: $780,000
    • +25% appreciation
  • Condominiums: 560 sold
    • +4% increase in sales volume
    • Median price: $337,000
    • +8% appreciation
  • Plexes: 116 sold
    • -3% decrease in sales volume
    • Median price: $535,000
    • +5% appreciation

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Top performer 2: Rosemont

  • Total Sales: 1113 sold
  • + 13% increase in sales volume.
  • Single Family Homes: 92 sold
    • +8% increase in sales volume
    • Median price: $538,250
    • +22% appreciation
  • Condominiums: 663 sold
    • 16% increase in sales volume
    • Median price: $305,000
    • +6% appreciation
  • Plexes: 358 sold
    • +14% increase in sales volume
    • Median price: $566,500
    • +7% appreciation

Set up an alert for a property in Rosemont

Top performer 3: Ville Mont Royal 

  • Total Sales: 280 sold
    • + 19% increase in sales volume.
  • Single Family Homes: 178 sold
    • 11% increase in sales volume
    • Median price: $1,127,500
    • +7% appreciation
  • Condominiums: 93 sold
    • 37% increase in sales volume
    • Median price: $347,515
    • +9% appreciation

Set up an alert for a property in Ville Mont Royal

Top performer 4: Lachine

  • Total Sales: 426 sold
    • + 10% increase in sales volume.
  • Single Family Homes: 144 sold
    • -8% increase in sales volume
    • Median price: $416,244
    • +16% appreciation
  • Condominiums: 187 sold
    • 24% increase in sales volume
      Median price: $234,000 
    • +0% appreciation

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Top performer 5: Outremont

  • Total Sales: 242 sold
    • + 15% increase in sales volume.
  • Single Family Homes: 79 sold
    • 20% increase in sales volume
    • Median price: $1,240,000
    • -5% depreciation
  • Condominiums: 144 sold
    • 12% increase in sales volume
      Median price: $486,000 
    • +6% appreciation

Set up an alert for a property in Outremont

Top performer 6: South West Montreal

  • Total Sales: 1063 sold
    • +6% increase in sales volume.
  • Single Family Homes: 124 sold
    • -2% decrease in sales volume
    • Median price: $481,000
    • +3% appreciation
  • Condominiums: 731 sold
    • +7% increase in sales volume
    • Median price: $294,000 
    • +6% appreciation
  • Plexes: 208 sold
    • +8% increase in sales volume
    • Median price: $460,000
    • +5% appreciation

Set up an alert for a property in the South West

In 2017, the following neighbourhoods showed an above average appreciation of condos (above 3%): Outremont (6%), Cote des Neiges / NDG (8%), Lasalle (4%), Ville Mont Royale (9%) Pierrefonds-Roxboro (5%), Pointe Claire (7%), Rosemont (6%), Saint Laurent (4%), Verdun/Nun’s Island (8%), Villeray (6%)

 

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