According to the survey, the area encompassing downtown Montreal and Montreal's Sud-Ouest has the highest-priced detached homes in the country, costing $1,350 per square foot. Century 21 says the price of a detached house in Montreal's downtown and Sud-Ouest rose 41% between 2020 and 2021.
In second place was downtown Vancouver, where detached homes cost $1,310 per square foot, followed by Vancouver's west side, where detached homes go for $1,208 per square foot.
Downtown Toronto condos were the sixth most expensive properties on the list, amounting to $956 per square foot, according to Century 21.
But Montreal wasn't just named in relation to its detached homes. Montreal's downtown and Sud-Ouest area also made the list for the price of its townhouses per square foot and condos per square foot.
The area's townhomes were seventh most expensive in Canada at $937 per square foot and the condos were eighth-most expensive at $935 per square foot.
"Montreal saw affordable prices for many years, but people saw the value in this city and the cost of a home is now on par with other major cities in the country," said Mohamad Al-Hajj, owner of CENTURY 21 Immo-Plus in Montreal.
Century 21's "price per square foot survey" also lists the 10 least expensive Canadian cities. No Quebec cities made the cut, and the list consists entirely of cities in the Maritimes, Newfoundland and the Prairies.
There's a proposal to build a massive new beach in Montreal along the Saint Lawrence River in the Ville-Marie neighbourhood of Sainte-Marie.
The beach would sit just north of the Jacques Cartier Bridge. Montrealers would be able to access it from the Parc du Pied-du-Courant via a universally accessible, 60-metre elevated walkway over the CP and Port of Montreal tracks that, right now, form a barrier between the water and neighbourhood.
In a statement shared with MTL Blog, group president Victor Balsis explained the latest beach idea takes into account feedback from both the port and City of Montreal. He also said that Les AmiEs has attempted to open dialogue with candidates in the federal and municipal elections.
"As the federal and municipal elections are upon us, these issues are more pertinent than ever," Balsis said.
"Although most of these proposals concern federally owned assets, these issues require close coordination with our municipal government which is normally responsible for urban issues on a local level."
"We have reached out to a few parties/candidates but have not heard back on these specific proposals."
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."