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montreal condo

What A $1.68-Million Top-Floor Condo In Montreal's Habitat 67 Looks Like (PHOTOS)

Sweeping city views, crisp mid-century design and an iconic address, all for a cool $1,688,000. A rare condo in Montreal's enigmatic Habitat 67 is for sale. According to real estate firm Engel & Völkers, it's only the second top-floor-accessible unit of its size to hit the market in the past two decades.

The home includes three bedrooms and two bathrooms, plus a private terrasse, spread out across three of Habitat 67's concrete cubes. Plus living space, the unit totals 2,072 square feet.

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New Skyscrapers In Downtown Montreal Have The Highest Sky Bridge Ever Built In Quebec (PHOTOS)

Now, they're unmissable. Two monolithic black towers joined by a spindly metal lattice now occupy what used to be empty sky in the Montreal cityscape. This is Maestria, a new condo development rising out of the Quartier des Spectacles like conjoined grim reapers.

Their design is certainly bold. Developers say that metal structure between them will be the highest sky bridge in Quebec, but access will mostly be limited to an elite few.

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montreal homes for sale

Prices For Montreal Homes For Sale Jumped Again & They'll Probably Increase Even More

If you're looking to break into the promised land of Montreal homeownership, you might've already given up on that stately Victorian home on a tree-lined street anywhere near the downtown core.

But looking at the newest real estate report from Royal LePage, it's clear the ridiculous prices aren't limited to the infamously unaffordable Montreal homes for sale in Outremont, Westmount, the Plateau-Mont-Royal or Notre-Dame-de-Grâce because the suburbs are witnessing a major real estate boom of their very own.

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montreal apartments for rent

How Many Hours An Average Montrealer Has To Work To Afford An Average Montreal Rent

In case working didn't make you sad enough, the February 2022 Rental Market Report from the Canada Mortgage and Housing Corporation (CMHC) suggests the ability to simply afford a Montreal rental apartment is requiring more work hours.

As of October 2021, a Montreal-area resident making the average wage had to work 105.8 hours a month in order to not spend more than 30% of their gross income on rent for an average two-bedroom apartment. That's almost three hours more than they had to work in October 2020 (102.9 hours). As a benchmark, CMHC notes that 150 hours a month (or 37.5 hours a week) is considered full-time.

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This Is The Most Expensive Montreal Condo Sold So Far This Year (PHOTOS)

Ever wonder what the rich and famous live like in Montreal? We got a little glimpse thanks to discovering the most expensive Montreal condo on Centris sold so far this year.

The breathtaking penthouse located in the Ritz-Carlton was just sold by realtor Joseph Montanaro and it was the highest real estate transaction on the Island of Montreal in 2021.

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You Need To Make Over $70k/Year To Buy An Average Montreal Condo Right Now, A Report Says

A recent housing affordability report from the National Bank of Canada (NBC) has found that condo prices in Montreal saw a big increase in the last year. Now, to afford the average condo, your household would need an annual income of over $70,000 per year, according to the report.

"Condo prices were up 4.6% while non-condo prices increased 6.0%" in the last quarter. In the last year, Montreal recorded the "highest annual growth since 1983," the NBC noted.*

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