Description: This condo with two bedrooms and one bathroom is on the ground level of a triplex. The charming condo has many details left from the home's original construction in 1895. With a terrace, private garden, exposed brick and private parking, it's a great find.
Description: This quaint duplex on the West-Island looks like a countryside chalet. It's located right near John Abbott College and the village of Sainte-Anne-de-Bellevue, making for a great investment property if you rent out one of the floors.
Description: This unit is located in the luxurious 35-storey Altoria building, which has direct access to the Square-Victoria-OACI metro station. It's also walking distance to the Old Port. Built in 2014, the condo sports floor-to-ceiling windows and a panoramic city view.
Median condo prices in the Montreal area are up 20% compared to last August, according to a report by the Quebec Professional Association of Real Estate Brokers (QPAREB). But some areas saw even bigger price increases.
The report looked at several general areas within the greater metro area, including Montreal Island, the North and South Shore, Laval, and the MRC of Vaudreuil-Soulanges.
Of these, the report shows the North Shore saw the biggest increase in median condo prices between August 2020 and August 2021 with a 27% jump.
The QPAREB used data from Centris for the report and calculated median prices by dividing "all transactions into two equal parts: 50 percent of transactions concluded at a lower price than the median price and 50 percent concluded at a higher price."
The association noted that "some transactions may be excluded from the calculation to obtain a more meaningful median price."
A new report from Royal LePage suggests that while Montreal's real estate market might start to cool down, home prices are still projected to increase more overall than any other market in Canada.
The company recorded a 21.7% year-over-year increase in the "aggregate price of a home" ("a weighted average of the median values of all housing types collected") in the Montreal area in the second quarter of 2021, bringing it to $514,000.