A guide to Montreal’s condo market

Montreal continues to be a very attractive city to live and do business in. It has it all, from its easygoing, European savoir-vivre lifestyle, international cuisine, year long festivals and trade shows, great schools, an intense nightlife, high-end shopping to local businesses, and neighborhoods with great character, to Montreal’s well-known reputation for creativity and talent bringing companies from around the world to launch their business or American HQ. 

As the world opens up again, the city’s residential market is very appealing, growing steadily with new construction and where beautiful Montreal new condos for sale are in high demand . If you are thinking about moving to the city, we have prepared a guide to Montreal’s condo market. First of all, come visit for a couple of days and fall in love with the city by discovering its different attractions. 

Neighborhoods

The city has different well-known neighborhoods. Mile End is known for its delicious Saint-Viateur Bagel shop, Pop Montreal music-art festival, game developer Ubisoft, and brew pub Dieu du Ciel!, where amazing bands such as Arcade Fire and Godspeed You! Black Emperor have made these lively spots their home. There are also progressive art galleries, lovely cafés and annual events featuring handmade artisanal products for everyone. 

Le Quartier chinois de Montréal, or Chinatown, contains a variety of Asian restaurants, food markets and convenience stores, operating since 1877. There are numerous fusion style restaurants (tacos, Italian-Asia, and many others) and cocktail bars to discover.  

Griffintown, formerly an old railway terminal near the Port, has, since 2012, grown into a technological, fine-cuisine, local shopping haven with a fast growing condominium market.   

Notre-Dame-de-Grâce (or NDG) offers affordable housing and is located beside two major Anglophone institutions, Dawson College and Concordia University. It is home to Ye Olde Orchard Pub & Grill and has attracted a multi-ethnic community. Jamaican patties, Jewish delis, Irish bars, Korean / Japanese restaurants  and food markets,  African restaurants and much more welcome you to travel the world with every plate.

In the center-east, you’ll come across Rosemont–La Petite-Patrie. The Jean Talon Market, with its daily fresh produce from local farmers and from across the province will have you cooking and enjoying Little Italy’s food-café scene. Condo construction and major renovations have been booming with a new wave of AI business taking over the Mile-End. The craft beer and natural wine scene has mushroomed to keep this new thirsty population happy.  To discover other neighborhoods, check out Tourisme Montreal for more information.

Budget

Discovering the city’s neighborhoods and its different boroughs will give you a better idea of your needs. Depending on where you want to live, you can talk with your realtor about a budget and what kind of condo you can afford. Montreal continues to be an affordable city in North America with many new undiscovered up-and-coming neighborhoods, if you are willing to venture outside downtown. 

You’re not sure you have the budget to purchase a condo in Montreal? Think again! There are several  new condos for rent in Montreal.

Professional

In business or in life, when making big financial decisions, it’s important to call a professional to help you navigate all the legal ramifications of your decisions. No matter where you choose to live, laws and various fees (home inspection, property and mortgage insurance, lawyer fees, moving and many others) can help determine where you can move and the amount needed. 

Traveling

As in many big cities, traveling can be problematic during rush hour. Montreal has more than 500km of bike paths, a clean subway and train system serving Montreal’s surroundings. A new high speed automated light rail network called The Réseau express métropolitain (REM) will be launched by the end of 2022 with 67 km of track.