Montreal’s top neighbourhoods

Here are the neighbourhoods with the right mix of price appreciation, value and amenities

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by

From the April 2016 issue of the magazine.

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(Daniela Duncan / Getty Images) Best Deals in Real Estate 2016 Montreal

(Daniela Duncan / Getty Images)

Montreal’s real estate market is a lot like a visit to Schwartz’s, the city’s iconic-cum-tourist deli: It doesn’t look like much from the outside, but you’re a convert by the time you pay the bill. There is a lot of buzz about real estate prices in Canada, but Montreal isn’t even part of the conversation. To outsiders there simply doesn’t appear to be anything about the activity in this market to leave a lasting impression. That may not be such a bad thing.

Homes here are about as affordable as what you’d expect to find in much smaller cities, yet they’ve delivered steady and sustainable returns to sellers over the years. Last year that return was a little more than 6%, which places it 9th among the 35 cities we track.

But there are a few things weighing this market down. Unemployment at 8.4% is on the high side, while household incomes here are about $75,000, on par with what a typical family would earn in Charlottetown. Still, it’s a big city and you don’t have to look hard to find a neighbourhood with the right mix of price appreciation, value and amenities to excite buyers—and sellers.

Several realtors we spoke with told us that 2016 is already shaping up to be a strong year for sales. “It’s really positive this year,” says Andrew Mitchell of Vistacore Realty Group. “You have a lot more buyers in the market, but less sellers.”

Photo gallery: Top 25 Montreal neighbourhoods »

Montreal at a glance…

CITY TOP 25
Average Neighbourhood Price $375,522 $411,913
Min $191,949 $202,758
Max $1,554,861 $1,160,946
Below $500K 87% 80%
Average 1-Year Return 2% 5%
Average 5-Year Return 14% 20%
Average Realtor Grade (Out Of 5) ★★★ ★★★½

Top 5 neighbourhoods

Realtors’ bet

Vaudreuil-Dorion Secteur Est, Vaudreuil-Dorion

It’s where all of the highways from the west converge. Historically, that’s meant a lot of industrial action. Today, this neighbourhood attracts younger families looking for newer, larger homes, says Vistacore’s Andrew Mitchell. As the centre of Vaudreuil, this is where many stores, commercial developments and big-box outlets are concentrated.

Top 25 neighbourhoods

  • Rank Neighbourhood Area Average price Value Average price vs. area Average price vs. metro district Average price vs. greater city area Momentum 1-year price change 5-year price change Realtor grade
    1 L'Île-Perrot 32 : Île-Perrot $272,972   93.7% 87.3% 78.2%   6.14% 21.4% ★★★★
    2 Dorval 1 : Ouest de l'île sud $430,630   90.0% 84.0% 123.3%   12.93% 18.5% ★★★★
    3 Vaudreuil-Dorion - Secteur Vaudreuil Ouest 35 : Saint-Lazare/Hudson $312,353   80.4% 99.9% 89.4%   3.78% 16.2% ★★★★
    4 Greenfield Park 40 : Vieux-Longueuil $283,563   93.3% 89.6% 81.2%   5.93% 18.2% ★★★★
    5 Pointe-Claire 2 : Ouest de l'île sud $381,753   79.7% 74.5% 109.3%   4.03% 13.3% ★★★★
    6 Ville-Marie 10 : Ville-Marie $1,160,946   100.0% 226.5% 332.4%   13.04% 50.9% ★★★★
    7 Brossard 39 : Brossard/Saint-Lambert $383,278   92.9% 121.0% 109.7%   3.54% 18.8% ★★★★
    8 Pointe-Calumet 26 : Ouest de la Rive-Nord $205,394   83.3% 77.1% 58.8%   10.47% 23.9% ★★
    9 Saint-Mathias-sur-Richelieu 46 : Chambly $263,185   84.8% 83.1% 75.4%   9.40% 19.1% ★★½
    10 Mont-Royal 12 : Centre $1,065,503   89.4% 207.9% 305.1%   2.05% 23.2% ★★★★
    11 Le Plateau-Mont-Royal 11 : Le Plateau-Mont-Royal $751,669   100.0% 146.7% 215.2%   12.36% 24.1% ★★★½
    12 Les Coteaux 35 : Soulanges sud $202,758   85.8% 64.9% 58.1%   2.03% 15.5% ★★★
    13 Sainte-Dorothée 19 : Sainte-Dorothée $411,342   98.9% 127.1% 117.8%   8.22% 17.2% ★★★★
    14 Ahuntsic-Cartierville 6 : Ahuntsic $503,751   100.0% 98.3% 144.2%   7.99% 22.7% ★★★½
    15 Lachine 4 : Lachine/LaSalle $368,585   94.0% 71.9% 105.5%   0.76% 19.2% ★★★½
    16 Laval-Ouest 21 : Fabreville $237,200   84.4% 73.3% 67.9%   2.33% 11.0% ★★★½
    17 La Prairie 38 : Candiac/La Prairie $349,434   87.2% 110.4% 100.0%   0.29% 18.0% ★★★½
    18 Sainte-Anne-des-Plaines 31 : Terrebonne $211,069   80.4% 79.2% 60.4%   2.99% 16.2% ★★½
    19 Le Sud-Ouest 5 : Le Sud-Ouest $423,975   98.6% 82.7% 121.4%   -1.01% 36.7% ★★★½
    20 L'Épiphanie (City) 32 : Est de la Rive-Nord $207,504   97.2% 77.9% 59.4%   2.39% 23.7% ★★½
    21 Saint-Hubert 41 : Saint-Hubert $274,103   100.0% 86.6% 78.5%   4.30% 16.5% ★★★
    22 Montréal-Ouest 9 : Centre $606,243   50.8% 118.3% 173.6%   10.82% 6.3% ★★★½
    23 Dollard-Des Ormeaux 4 : Ouest de l'île nord $431,734   107.7% 84.2% 123.6%   3.70% 19.3% ★★★★
    24 Vaudreuil-Dorion - Secteur Dorion 33 : Vaudreuil-Dorion $267,267   88.2% 85.5% 76.5%   -1.37% 7.9% ★★★★
    25 Fabreville 22 : Fabreville $291,602   103.8% 90.1% 83.5%   6.33% 16.7% ★★★½

Click here to see the full rankings for all 100+ Montreal neighbourhoods.

SOURCES: Montreal Real Estate Board; various brokerages

One comment on “Montreal’s top neighbourhoods

  1. Most of these are suburbs.
    Montreal proper is the Island of Montreal – you wouldn’t count Whitby as part of Toronto right?

    Reply

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