Top Montreal Neighborhoods to Invest In – 2019

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 PriceAppreciation (Quarterly)Appreciation Rate (Annual)
Mont Royal$420,00021%
Plateau$384,20012%13%
Westmount$645,00012%
Ville Marie$398,00015%11%
Lachine$259,50012%10%
South West$345,00013%7%
Rosemont$339,95010%7%
Verdun/Nun’s Island$376,18413%7%
Montreal Island (Av.)$325,0008%6%
HOMA$245,0009%5%
Outremont$509,0005%
Villeray / Park Ex/ St Michel$263,750-5%1%
CDN \ NDG$366,00011 %0%
Lasalle$293,0002%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 PriceAppreciation (Quarterly)Appreciation Rate (Annual)
Ville Marie$944,50033%
Outremont$1,457,00018%
Villeray / Park Ex/ St Michel$410,00015%
CDN \ NDG$761,0006%15%
South West$550,00014%
Mont Royal$1,462,50013%13%
Rosemont$597,00011%
Montreal Island (Av.)$492,0008 %8%
Westmount$1,726,9003%8%
HOMA$417,00016%7%
Plateau$980,7502%
Lachine4250002%
Lasalle$434,5003%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 PriceAppreciation (Quarterly)Appreciation (Annual)
Plateau$845,00011%14%
Villeray / Park Ex/ St Michel$482,0003%11%
South West$539,00011%10%
Rosemont$632,5006%9%
Montreal Island$561,0008%9%
HOMA$489,0005%9%
Lasalle$555,00014%9%
Ville Marie$558,7507%
Lachine$405,0007%
Verdun/Nun’s Island$570,0007%
CDN \ NDG$715,00012%3%

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