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Top 5 Montreal Neighborhoods To Watch In 2019

Prices will skyrocket in these Montreal neighborhoods next year.

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As the city’s real estate market heats up, many Montrealers are asking: Where should I invest in next? Rising prices and interest rates make it essential to find undervalued locations where prices are still low, but poised to rise.

So which are the Montreal neighbourhoods to watch in 2019?

Our selection is based on five metrics: affordability, changes in average price (the bigger the jump, the hotter the neighbourhood), increases in sales volume, new housing starts, and page-views for advertised deals in the area.

From returning favorites, like Pointe St Charles to up-and-comers like Cote des Neiges, these are the locations investors should be keeping an eye on.

*All statistics below sourced from QFREB Barometer for the second quarter of 2018, calculated year over year.

Hochelaga-Maisonneuve 

  • Median condo price: $240,950
  • Sales: 6% increase
  • Single family home appreciation: 2%
  • Condo appreciation: 10%
  • New starts include: Modern condos by DevMcGill, a high-rise by Rachel Julien
  • Recommended area: Hochelaga, near Angus Shops

Browse available listings and set up an alert for new listings in HOMA 

Cote Des Neiges

  • Median condo price: $330,000
  • Sales: 18% increase – #3 top performer in the Greater Montreal Area
  • Single family home appreciation: 21% (#1 top performer in Greater Montreal Area) 
  • Condo appreciation: 9%
  • New starts include: a LEED certified condo project by Knightsbridge, luxury condos by Devmont
  • Recommended area: The Triangle

Browse available listings and set up an alert for new listings in CDN

Pointe St Charles 

  • Median condo price: $344,000
  • Sales: 10% increase (South West)
  • Single family home appreciation: 10%
  • Condo appreciation: 10%
  • New starts include: industrial style lofts near Charlevoix metro, townhouses on de Sébastopol street
  • Recommended area: Close to Wellington or Charlevoix streets

Browse available listings and set up an alert for new listings in Pointe St Charles

West Island South*

  • Median condo price: $315,000
  • Sales: -2% decrease
  • Single family home appreciation: 20%
  • Condo appreciation: 20%
  • New starts include: Townhouses by Broccolini, affordable canal-side condos by Groupe Tyron
  • Recommended area: Beaconsfield

*Senneville, Beaconsfield, Baie-D’Urfé, Pointe Claire, Dorval, L’Ile-Dorval

Browse available listings and set up an alert for new listings in West Island (indicate location in “additional criteria” section)

Villeray

  • Median condo price: $283,000
  • Sales: 0% increase
  • Single family home appreciation: 13%
  • Condo appreciation: 10%
  • New starts include: Townhouses by Katrel and condos by Struktur
  • Recommended area: Mile-Ex

Browse available listings and set up an alert for new listings in Villeray

Other Notable Mentions

  • Notable for duplexes and multiplexes: Lachine / Lasalle, Ville Émard
  • Notable suburban areas: Laval Ouest, Saint-Mathias-sur-Richelieu, Saint-Hubert

This article, Top 5 Montreal Neighborhoods To Watch In 2019, appeared first on Shupilov News.

 

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