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Top Montreal Neighborhoods to Invest In – 2019

Montreal's third quarter statistics are in, revealing market conditions that continue to surge upwards

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Montreal’s third quarter statistics are in, revealing market conditions that continue to surge upwards. That being said, some areas have performed better than others when it comes to value appreciation.

We’ve put together a summary of price growth per Montreal neighborhoods, based on Centris Q3 statistics. If you’re considering making a real estate investment in 2019, these are the hottest areas to put on your radar:

Top Performer in the Condominium Market:

Mont-Royal: The average condo appreciated by 21% year over year in Town of Mont-Royal, and costs $420,000.

Median Price Appreciation (Quarterly) Appreciation Rate (Annual)
Mont Royal $420,000 21%
Plateau $384,200 12% 13%
Westmount $645,000 12%
Ville Marie $398,000 15% 11%
Lachine $259,500 12% 10%
South West $345,000 13% 7%
Rosemont $339,950 10% 7%
Verdun/Nun’s Island $376,184 13% 7%
Montreal Island (Av.) $325,000 8% 6%
HOMA $245,000 9% 5%
Outremont $509,000 5%
Villeray / Park Ex/ St Michel $263,750 -5% 1%
CDN \ NDG $366,000 11 % 0%
Lasalle $293,000 2% 0%

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Top Performer in the Single Family Home Market:

Ville Marie: Downtown Montreal and Old Montreal registered the greatest year over year appreciation, at 33%. Town of Mont Royal performed best based on quarterly appreciation, at 13% growth between the second and third quarter.

Average Price Appreciation (Quarterly) Appreciation Rate (Annual)
Ville Marie $944,500 33%
Outremont $1,457,000 18%
Villeray / Park Ex/ St Michel $410,000 15%
CDN \ NDG $761,000 6% 15%
South West $550,000 14%
Mont Royal $1,462,500 13% 13%
Rosemont $597,000 11%
Montreal Island (Av.) $492,000 8 % 8%
Westmount $1,726,900 3% 8%
HOMA $417,000 16% 7%
Plateau $980,750 2%
Lachine 425000 2%
Lasalle $434,500 3% 1%
Verdun/Nun’s Island $697,000 -12% -10%

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Top Performer in the ‘Plex Market:

Plateau: The average revenue property (two or more doors) appreciated by 14% year over year in the Plateau, and 11% quarterly.

Of notable mention is is Lasalle, where the average ‘plex appreciated by 14% in the third quarter, and 9% year over year.

Average Price Appreciation (Quarterly)
Appreciation (Annual)
Plateau $845,000 11% 14%
Villeray / Park Ex/ St Michel $482,000 3% 11%
South West $539,000 11% 10%
Rosemont $632,500 6% 9%
Montreal Island $561,000 8% 9%
HOMA $489,000 5% 9%
Lasalle $555,000 14% 9%
Ville Marie $558,750 7%
Lachine $405,000 7%
Verdun/Nun’s Island $570,000 7%
CDN \ NDG $715,000 12% 3%

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