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    Montreal, QC Homes for Sale & Real Estate

    Listings last updated 01/29/2023

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    CITY GUIDE
    MONTREAL, QUEBEC

    Montreal is located in the province of Quebec and it's the most populated city in the province, with about 1.65 million inhabitants.

    Occupying approximately 4,250 square kilometers, this city has become a hot bed for students and young professionals who are looking for job opportunities and a relatively cheap cost of living.

    As one of the most bilingual cities in the entire country, Anglophones and Francophones will be able to live comfortably within the city. Certain parts of the city are more English-dominated than French and vice versa, which allows new residents to choose a district that they feel most comfortable living in.

    With the 2nd-largest economy in Canada, Montreal plays a significant role in contributing to the country’s GDP.

    In particular, Montreal boats an extremely strong finance sector in the downtown area, being home to the Montreal Exchange headquarters and several establishments that include the Montreal World Trade Center the Royal Bank of Canada headquarters.

    With the National Film Board of Canada and many others established in the city, Montreal is also an established center for the film and television industries.

    Other notable industries within the city include transportation, pharmaceuticals, software engineering, and aerospace.

    KEY FACTS:

    Montreal, Quebec

    London, Ontario

    • Country: Canada

    • Province: Quebec

    • Nickname(s): "The City of Saints"

    • Population: 1,649,519

    • Area:

      Land: 365.13 km2

      Urban: 1,545.30 km2

      Metro: 4,258.31 km2

    Lifestyle

    Lifestyle and Culture

    Montreal is no stranger to hosting internationally recognized entertainment events that attract people from all over the world. It hosts numerous music festivals year round that feature top-tier talent from around the world.

    In particular, the Montreal International Jazz Festival sells out within days of the tickets being available!

    If you are more into traditional tourism that involves historyheritage, Montreal has several museums, art exhibits, and publicly open churches that allow you to explore its rich history that spans several centuries.

    Lifestyle

    Entertainment and Tourism

    For those who have a need for speed, Montreal hosts the Canadian Grand Prix of Formula One during the month of June. People will book apartments and hotels several months in advance just so that they can get a first-person view of the racing in action.

    If you need to take a break and have a laugh, there are many small comedy venues that run shows in the evening for stars and rising talents. In fact, Montreal hosts the famous Just For Laughs festival that many Canadians have touted as the best annual aggregation of comedic talent in the country.

    Entertainment and Tourism
    Neighbourhoods

    Neighbourhoods

    Due to the extremely large size of Montreal, it is divided into 19 boroughs, each subdivided further into several neighbourhoods. For the sake of simplicity, many prefer to refer to the general areas of Montreal as Centre, South, East, West, and North.

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    The center of Montreal

    The center of Montreal is home to the boroughs of Mount Royal, Ville Marie, Outremont, and Cotes-des-Neiges-Notre-Dame-de-Grace. This is where Downtown and Chinatown are located within Montreal. This is the area where the city’s universities, skyscrapers, and main shopping outlets lie.

    There are a booming number of restaurants, clubs, and pubs at each and every corner. Many of the major events hosted annually in the city of Montreal tend to be within one of the boroughs in the center of Montreal.

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    Neighbourhoods

    Eastern Montreal

    Eastern Montreal hosts the Mercier-Hochelaga-Maisonneuve, Villeray-Saint-Michel-Par-Extenstion, and Rosemont-La Petite -Patrie boroughs.

    In addition to having the Olympic Village and the infamous Montreal Botanical Garden, there are many public libraries and churches of various denominations that exist within the area.

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    Southern Montreal

    Southern Montreal includes the Lachine, LaSalle, South West and Verdun boroughs.

    These tend to be far more rural in nature, which has given rise to an influx of residents who wish to seek peace and quiet from the daily chaos of nightlife in the downtown area of Montreal.

    This area is best known for its contemporary art galleries and hiking paths. There are fewer restaurants here, but they tend to be at the high-end in terms of price.

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    Western Montreal

    L'Ile-Bizard-Sainte-Genevieve, Pierrefonds-Roxboro, Saint-Laurent, and Ahuntsic-Cartierville are the boroughs that are located within Western Montreal.

    You can expect to find nearby access to the highway routes leading to downtown Montreal, trade schools for adults wishing to further continue their education, and several nature parks for those who want to take a leisurely stroll.

    Saint-Laurent also happens to be the 2nd largest employment hub in Montreal, only falling behind the downtown area located in the center of the city.

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    Northen Montreal

    Last but not least, the northern area of Montreal is divided into the following boroughs: Saint-Leonard, Anjou, Riviere-des-Prairies-Pointe-aux-Trembles, and Montreal-Nord.

    This area is by far the most diverse in terms of ethnicities, nationalities, and backgrounds amongst its residents.

    The features you can see within these boroughs include shopping malls, a nearby nature walk along Riviere des Prairies river, and multiple arenas for recreational sports activites.

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    Real Estate Market

    The centre of Montreal is predominately apartment rentals, low-rise and high-rise condos, along with the occasional townhome or two. For university students, there are a large number of places where they can stay in close proximity to their university and other amenities at an affordable rental price. Young professionals can benefit from the same privilege, although many of them can leverage their high salaries towards making a down-payment on the more expensive condos within the city area.

    Eastern Montreal has a very apartment- and townhome -dominated real estate market, and has by far some of the cheapest prices that you will find within the city of Montreal. In spite of an abundance of these types of homes, the communities generally tend to be very quiet during the day and night.

    Southern Montreal’s rural nature allows for the development of larger townhomes that are attractive to upper -class individuals and families. The occasional apartment and condo are present, but newer developments will see a rise in the number of detached homes that are available to prospective homebuyers.

    Western Montreal’s properties tend to strike a balance between homes, apartments, and low-rise/high-rise condos. There is enough variety such that you will see options available for middle class individuals and those who tend to be wealthier.

    In Northern Montreal, there tends to be a divide between poorer families and upper-middle class families, which is often reflected in the pricing of the homes. The homes here are mostly suburban homes that tend to be semi-detached, although there is the occasional bungalow or apartment within each neighbourhood.

    • Average Home Price: $321,700
    • Average Rent Price: $944.83
    • Average Condo Price: $331,766
    • Average Detached Home Price: $325,900
    Home Style Average Price
    2 storey $562,501
    Bungalow $385,025
    Condo $331,766

    The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centers.

    Education

    Education

    Montreal is home to McGill University, boasting an international reputation for excellence and considered by many to be the top university in Canada for several subjects. It is also home to Concordia University, known for its prestigious business school (John Molson), Universite de Montreal (a francophone university that specializes in engineering), and Universite du Quebec a Montreal (known for its liberal arts programs).

    Montreal has a variety of English-language and French-language elementary schools (K-8), having 80 schools and 210 schools respectively. Although there is ongoing debate about which schools are the best with respect to areas such as academics excellence and extracurricular opportunities, commonly listed schools include Westmount Park School and Ecole Arc-en-Ciel.

    Education
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