CMHC data compares upward trends in residential land appreciation for different Montreal areas, in the past two decades.
Land price is affected by vacant land – the less vacant land present in an area, the more prices will have appreciated over time.
These land values represent the intersection of supply and demand, since the mid 1990’s.
The highest land appreciation (over 200%) was recorded in:
- Verdun – Ile des Soeurs
Within the city of Montréal, increases in land values were responsible for about 47% of the growth in single-family home appreciation between 1993 and 2015.
Which areas have seen the smallest single family homes appreciation?
- Dollard-des-Ormeaux: 37%
- Pierrefonds-Roxboro: 43
- Hampstead: 44%
- Ahuntsic-Cartierville: 44%
- Montréal-Nord: 46%
Which areas have seen the highest single family homes appreciation?
The highest jump in single family home prices between 1993-2015 were recorded in:
- Le Sud-Ouest: 66%
- Le Plateau Mont-Royal: 65%
- Ste-Anne-de-Bellevue: 64%
- Ville-Marie: 64%
- Côte-des-Neiges-Notre-Dame-de-Grâce: 63%
- L’île-Bizard-Sainte-Geneviève: 63%
- Montréal-Est: 63%
This article, Which Montreal Areas Have Appreciated the Most in 20 Years?, appeared first on Shupilov News.