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A New Rent Report Shows The 16 Most Popular Apartments in Montreal
In case you're wondering where all the cool kids are living these days.
It's no secret: Montreal rent is on its way up. The neighbourhoods are many, the rents are high, and the exterior staircases are oddly shaped and dangerous — though some people find them charming.
Despite the pandemic, average rent in Greater Montreal increased by 4.2% last year, according to the Canada Mortgage and Housing Corporation, which is the largest increase since 2003.
But it's not all bad. July's year-over-year average monthly rent for Montreal condos and apartments was down about 2% to $1,678, still vastly cheaper than major cities in Ontario and B.C., according to a new report from Rentals.ca and Bullpen Research & Consulting.
Though it saw the largest month-over-month drop in average rent per square foot last month, falling 6.2% to $2.21 per square foot, Montreal's rental rates have been going up over the last few years and the pandemic didn't do much to slow things down, the report states.
In an attempt to give the most accurate rental numbers possible, the report lists the 16 most popular apartments in Montreal over the past 19 months based on pageviews.
They are:
- Le Demetrius
- Norgate & Renaissance
- The Olympic Village
- Côte Vertu I
- Place Du Boulevard Apartments
- District C.D.N. Apartments
- Place Kingsley Apartments
- Le Colisée
- VIE Apartments
- 5015-5025 & 5051 Clanranald Avenue
- La Tour Lafontaine
- 5999 Monkland
- Domaine d'Iberville Apartments
- Place Concorde
- Terrasses Embassy Apartments
- LaCité Apartments
"In these 16 select popular rental buildings, the average rent is up 3% annually to $1,406 per month, and the market is just as strong as the overall data suggests," the report says.