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After 15% Tax Implemented in BC, Foreign Investors Look To Montreal

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A new transfer tax on foreign buyers in Vancouver has real estate agents and analysts predicting a spillover effect into other, less saturated Canadian markets such as Toronto and Montreal. (Jae C. Hong/Associated Press)

While Montreal has so far remained off the radar for foreign buyers, a combination of low prices and lifestyle benefits is gradually making it an attractive option for foreign investors.

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Endearing qualities that attract investors to Montreal include

  • The top notch universities including McGill, Concordia and UdeM.
  • The quaint European style architecture
  • The many heritage sites such as the Old Port of Montreal, which attract visitors from around the world on a yearly basis
  • The multicultural community life and cultural richness enjoyed by Montreal residents
    and last but not least,
  • The comparatively low real estate prices! Average home prices for June 2016, according to the Canadian Real Estate Association were $917,800 in Greater Vancouver, $647,600 in Greater Toronto, while only $310,200 in Montreal. 

Curious to know what types of investment opportunities are available in Montreal?

 

 

 

 

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