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Montreal Boroughs Ranked According To 5-Year Appreciation

When buying real estate, selecting an area with a good appreciation rate is an important way of building equity over the long run.

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When buying real estate, selecting an area with a good appreciation rate is an important way of building equity over the long run. If you buy at home at $400,000 and the home appreciates at a rate of 5% annually, you will have grown your equity by $20,000 a year, or $110,512 over five years.

We’ve ranked the boroughs in the Montreal area according to price growth over the past 5 years. According to the results, Rosemont has seen the highest price growth at 43.33%, and Anjou has seen the worst at 4.66%.

Rosemont

Average home prices in Rosemont / La Petite-Patrie are just above $585,000 — almost 13% cheaper than the core’s average home price. Prices have appreciation just over 43.33% in the past 5 years – that’s an consistent annual rate of  8.6%. Recent condo development in this residential area has contributed to the desirability of single family homes, and helped detached homes gain in value.

Set up a property alert in Rosemont.

Verdun 

One of the oldest historical districts in Montreal, Verdun offers a bilingual community, views of the St Lawrence river, and fully developed commercial avenues. In 2017, single family homes in Verdun say a 25% appreciation, making it the top performer that year. Over the 5 past years, home values have grown by 35.74%, which is $180,000 on a $500,000 home.

Set up a property alert in Verdun.

Montreal’s boroughs ranked according to 5-year real estate appreciation. 

Rank Borough Average Price 5 Year Price Growth
1 Rosemont/La Petite-Patrie $585,431 43.33%
2 Verdun $536,734 35.74%
3 Beaconsfield $704,917 32.33%
4 Pointe-Claire $479,476 31.57%
5 Le Sud-Ouest $525,435 28.71%
6 Kirkland $607,191 27.51%
7 Lachine $442,126 26.22%
8 Île-des-Soeurs $961,576 25.74%
9 Mont-Royal $1,281,453 22.84%
10 Dollard-Des Ormeaux $488,793 20.92%
11 Villeray/Saint-Michel/Parc-Extension $390,595 19.88%
12 Ahuntsic-Cartierville $565,560 19.68%
13 Le Plateau-Mont-Royal $838,636 19.59%
14 LaSalle $447,021 19.21%
15 Saint-Laurent $606,828 18.40%
16 Notre-Dame-de-Grâce $744,729 18.11%
17 Côte-Saint-Luc $622,295 17.76%
18 Montréal-Ouest $706,981 16.03%
19 Dorval $464,440 14.62%
20 Mercier/Hochelaga-Maisonneuve $359,739 14.10%
21 Hampstead $1,170,190 11.26%
22 Montréal-Nord $299,472 10.52%
23 Pierrefonds-Roxboro $376,115 10.05%
24 Rivière-des-Prairies/Pointe-aux-Trembles $312,335 8.47%
25 Anjou $396,957 4.66%

 

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