Sign up for our newsletter and get a curated list of the top trending stories and exclusive rewards every day.

Trending Topics

Get the MTL Blog app

Download on the App StoreGet it on Google Play

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

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

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.

More from MTL Blog

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.