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Why Real Estate Investments in Montreal are good for the Long Term
The past few years have seen a sharp increase in residential transactions in Montreal. In 2017, over 15,000 transactions were registered and this was a nine percent increase in what was registered the previous year. This is a subtle indication of the fact that the market is on a growth trajectory, and even though naysayers are claiming it to be a bubble, there is no harm in taking advantage of the trend to acquire a property and focus on the long term benefits.
Looking at the numbers over the last 20 to 25 years, the Montreal real estate market has consistently registered a strong growth trend. The records indicate that house prices in Montreal have seen an increase of an average of 6% in the last eighteen years. In eight of the last fifteen years, the average increase in prices was more than ten percent. The trend follows that the prices on the Island of Montreal are the first to go up and are quickly followed by those in the suburbs.
It is important to observe that Montreal is reputed as the most affordable city in Canada and North America. This fact alone makes it lucrative for all manner of ventures, and as such, it is a magnet which will continue attracting more investors, businessmen, industries and players in almost every sector of the economy.
One of the reasons attributed to the lustrous real estate market in Montreal is the fact that it borrows a lot from the diversified economy of the city. The economy in Montreal is not dictated upon by a single resource or industry. Almost all the sectors in the economy contribute and unless there is a complete breakdown in the entire economy, Montreal will always thrive.
Therefore, if you have the means to get into the real estate investments in Montreal, now would be a good time because of the confidence that things can only get better, and you can expect some very good returns in the long term.
Melissa was a tremendous asset in selling our home. She suggested a strategy that helped us to not only sell our house quickly, but also to get several offers in less than 48 hours, all over the asking price. We would work again with Melissa anytime, and highly recommend her. She’s passionate, diligent, and very responsive.
I have known Melissa personally for over 10 years and have found her to be an honest and hard-working individual. She is involved with the Montreal community and is intimately aware of the real estate market. Her former executive level positions with major apparel companies gives her excellent strengths in how to get things done in a vastly unprofessional and unresponsive industry. The next time I purchase a home I will use Melissa.
Melissa comes to the real estate industry with years of proven business experience. With so many real estate people in Montreal completely lacking in business acumen, Melissa is a breath of fresh air. You will be very happy with her professionalism, her organization, and her communication skills. She has all the skills needed to assist her clients through the most technical of real estate transactions.