Montreal Property Market and Real Estate Guide

(Montreal, Quebec - QC, Canada)

View of downtown MontrealCanada boasts a friendly allure and Montreal is one of the most visited cities in the country, therefore being a popular place for people to purchase or rent a variety of property types. Montreal is the second-largest city in Canada and many property hunters choose to rent or purchase in the sprawling city for work purposes.

Montreal was given its name from its dominant geographical feature; a three-peaked hill that stands in the heart of the city called Mount Royal. There are also many waterways that are popular locations with those looking to invest in property here. It has strong French connections, with more than 50 per cent of the population using French as their first language.

Old Montreal (Vieux-Montréal) is a popular although expensive place to live while the Golden Square Mile is home to some of the most luxurious properties in Montreal with its affluent nature partly due to its location at the foot of Mount Royal. Much of the architecture here boasts a French feel with many cafés, bakeries and street names adding to the city's French connections. Cheaper properties should be sought away from the central districts.

Renting Serviced Apartments

Renting in Montreal is hugely popular but not cheap as the city is home to numerous companies with staff often seeking out temporary rentals.

Apartments abound here and can be rented both furnished and unfurnished, with the latter being around half the price of a furnished place. There are many condos and serviced apartments to rent in the heart of Montreal and these are a popular choice among expats who move here for work purposes.

A standard apartment / condo in a block of buildings is the cheapest option, while the same buildings located on the river banks or with views of Mount Royal will cost around double of those found in non-descript areas. Rented serviced apartments often have the option of a maid service, as well as concierge and furnishings, and are often modern and simple, yet clean and comfortable.

Image of Montreal's skyline

Buying Apartments and Houses

Foreigners wishing to purchase property in Montreal may find themselves restricted as to how many properties they can purchase. Surprisingly, purchasing a property does not entitle you to an immigration approval stamp, so you could essentially own a property but not be allowed to stay for long periods of time if your visa does not allow you to.

Investing on property here makes a lot of sense, as the city has low crime rates and attracts a variety of visitors. Areas close to the heart of the action are the most expensive and as with many cities, purchasing a property with acreage and multiple bedrooms outside of the centre is around half the price of purchasing a small apartment in the city centre.

Real Estate Agents

Real estate agencies in Montreal speak both French and English as standard as the city boasts a population of which more than half are native French speakers. It is worth using an agent who can offer professional advice on property purchases, and online listings as well as classified adverts in newspapers can also be used to find property here.

Check out the following Montreal realtors and real estate agents:

Broady Real Estate
Address: 50 St Charles Blvd., Suite 16, Beaconsfield, Quebec, PQ H9W 2X3, Canada
Tel: +1 514 697 9181
Broady Real Estate is a bilingual real estate agency who specialise in the West Island region.

Georges Bardagi
Address: 1290 Bernard West, Suite 100, Outremont, Quebec, H2V 1V9, Canada
Tel: +1 514 271 2131
Georges Bardagi real estate agency specialises in property for rent and sale in the areas that surround Mount Royal.

West Island Homes
Address: RE/MAX Royal (Jordan) Inc., 101 Amherst, Beaconsfield, Quebec, H9W 5Y7, Canada
Tel: +1 514 694 6914
West Island Homes handle houses and apartments for rent and sale in the west and off-island communities.