What you need to know before investing in rental property in Canada

The real estate market in Quebec, and in metropolitan Montreal in particular, has been booming for several years.

Article published on BFMTV LaVieImmo

The Montreal real estate market

No price hikes in Quebec

Montreal, and the province of Quebec in general, enjoy a favorable buying market. Indeed, prices are stable, because even the economic crisis of 2012 and speculative activity didn’t cause real estate prices to skyrocket like in the US or the rest of Canada. The number of new builds continues to rise, balancing supply and demand. The real estate market is transparent with regard to property offers, thanks to an online platform on which all properties for sale are listed, giving buyers a complete overview of all market prices.

The euro/Canadian dollar exchange rate effect

Historically, the euro is a stronger currency than the Canadian dollar. The Bank of Canada has calculated that, on average, 1 Canadian dollar is equivalent to 0.69 euros over the past 10 years. This is a great opportunity for European investors, as it boosts their purchasing power.

Where to buy in Montreal

City of Montreal, Canada

Certain neighborhoods deserve special attention when it comes to investment projects:

Ville Marie is located in the heart of downtown, and is also one of Montreal’s most dynamic and lively neighborhoods. Here, the European charm of historic neighborhoods is combined with the economic and cultural dynamism of the metropolis.
Gifftown is an old industrial district that is constantly being developed and modernized. Located just a stone’s throw from the city center, this is a great neighborhood to invest in.
The Plateau-Royal offers an excellent quality of life and is home to many cultural and artistic venues.