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Summary

Montreal Was Ranked The 20th Best Canadian Spot To Buy Real Estate & A Random Town Is 1st

Who has ever heard of Bancroft, Ontario? 🤔
Montreal Was Ranked The 20th Best Canadian Spot To Buy Real Estate & A Random Town Is 1st
Contributing Writer

Thinking about buying your first home? Well good news, Greater Montreal, which includes places like Longueuil, Laval and Brossard, just ranked #17 for Zoocasa and MoneySense's "Where to buy real estate in Canada: 2021" report.

And it doesn't stop there, the city of Montreal ranked #20 — so it seems as though we're living in a real estate heaven.

Editor's Choice: This TikTok Perfectly Captures What It's Like To Eat On A Terrasse In Montreal (VIDEO)

In order to come up with this ranking, the companies looked at "current average home price, price growth in recent years, as well [as] neighbourhood characteristics and economics." 

The current average home prices for Greater Montreal and the City of Montreal are $399,417 and $472,441 respectively.

Meanwhile, the City of Toronto ranked #38 and, according to the report, has an average home price of $915,001, which is a massive difference from Montreal.

And the #1 spot to buy real estate in our country this year? Some random little town in Ontario called Bancroft.

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    • Alanna Moore

      Contributing Writer

      Alanna Moore is a Contributing Writer for MTL Blog. She completed a Bachelor of Arts in religious studies & cultural studies from McGill University in 2019. With over three years experience in editing and writing, she has developed a real passion for words and the people who speak them. You can contact her at alanna@mtlblog.com.

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