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montreal real estate prices

If you're looking for a home in Montreal that's a little less city and a whole lot more jungle, look no further! Tucked away in the heart of the Cité du Havre peninsula, this Montreal condo for sale is a lush oasis rising out of the city's grey urban landscape.

This unique condo building, Tropiques Nord, is home to a jaw-dropping 32,000-square-foot tropical atrium that's green and blooming all year long. Think palm trees, lush gardens, a lagoon-like pool and waterfalls – a tropical paradise right in the city!

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Montreal homes for sale that cost less than $500,000 are very few and far between, and with Montreal home prices jumping (yet again) it can often seem impossible to find something both spacious and affordable.

Well, this townhouse for sale in Montreal-Est is not only roomy, spanning a total of nearly 2,000 square feet, but it's hella affordable, too.

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The cost of Montreal homes for sale has jumped significantly, making house hunting a daunting experience, especially when %0.31 of properties for sale in the 514 are listed below $200,000. Yikes!

Well, if you're looking for a new home, an investment property or a new project, there are definitely some steals in Montreal, many of which are for sale for less than $500,000. Although that's still quite costly, finding something for any less is seemingly impossible in today's market.

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With Montreal luxury home sales on the rise, it comes as no surprise that more and more people are trying to get their hands on some prime real estate. Well, this lavish Montreal condo is now up for grabs, and it's quite an impressive property.

Located at the crossroads of Quartier des Spectacles and Old Montreal, this loft-style home is veiled in a building that is over 100 years old. However, the interior is as modern as it gets.

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When it comes to living the luxe life, Montreal is full of countless luxury homes for sale, including this stunning property in Ville-Marie. Located in the heart of Old Montreal, this stunning Montreal condo is so grand you'll feel like royalty in it. The price? Oh, just a measly $5,995,000.

The stunning property is for sale through Engels & Völkers and is truly the crème de la crème of Montreal condos. The home, which looks like it's straight out of a scene from Bridgerton, boasts 2 bedrooms and 2 and a half bathrooms sprawled across 4,551 square feet of pure extravagance.

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Montreal rent prices just keep on going up. And according to a new report from rental platform liv.rent, this reality only got worse in February.

Liv.rent's February 2022 Montreal Rent Report showed some significant price fluctuations in rental prices in the city, including the $114 rise in the average price of an unfurnished one-bedroom, bringing it to $1,414 in February.

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If you've ever thought to yourself: "I could really go for a glass of wine and my own private island right now," good news.

A luxurious house located in Saint-Hippolyte, Quebec is up for sale at $1,500,000, and it's the only residence on a private island in Lake Echo — so you can be reclusive in style.

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If you were planning to buy a home in Montreal, you might want to do it quickly because next year, you might not even be able to afford it. According to Royal LePage's home price forecast, the median home price in Greater Montreal is set to increase by 8% — to $564,800 — by the end of 2022.

The 8% increase represents the aggregate forecast for home prices in 2022. This factors in both single-family homes and condominiums. Royal LePage forecasts detached single-family homes will see the largest price increase.

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Sorry to bum you out, but that condo you've been eyeing might be getting further and further out of reach. The Quebec Professional Association of Real Estate Brokers (QPAREB) released its November report on Montreal-area home prices and — surprise — they're still going up.

The overall median price of a single-family home in the Montreal metro area, for example, has reached $525,000. That's a 21% increase compared to November 2020, according to the QPAREB.

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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.

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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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According to a survey by Royal LePage, some young Montreal homeowners own more than one property. In fact, 16% of homeowning poll respondents between the ages of 18 and 35 said this was the case.

Even though the rental market is stressed these days, a number of "secondary property owners" don't actually use their second property for rental income, Royal LePage reports.

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