Town of Mont Royal A Jewel Of A Neighborhood
Town of Mont Royal a jewel of a neighborhood, often falls under the radar when it comes to desirable neighborhoods! This small quartier is almost a little island unto itself. This quaint town lies in the heart of central Montreal. Often referred to as TMR for short, this area is primarily residential but offers great shopping close by. Location wise, it’s super. There are good schools and plenty of green spaces and small parks.
The houses, though not inexpensive, are charming with lots of character as most are not new constructions. There are condo developments, but not an over abundance. A recent article in Moneysense reported these stats on Town of Mont Royal:
Area: 12 : Centre
Average home price (2016): $1,218,582
3-year price change: 21.9%
Realtor grade (out of 5): ★★★★”
What really stands out here is the 3 – year appreciation value of a whopping 21.9%! This area certainly seems to be holding and growing in value..
Learn more about this neighborhood on my TMR neighborhood page
Read the Moneysense article
PWC Report On Emerging Trends In Real Estate 2018
PWC report on emerging trends in real estate 2018 is a must read. It’s an interesting and informative report on the Canadian real estate outlook for 2018. The PWC report zeros in on the types of real estate which hold promise in 2018, amidst the changing landscape of commercial, development, and investor portfolios. It identifies where the projected opportunities will be along with ranking the Canadian provinces in order of their real estate market potential outlook.
The economic trends and forcasts are helpful in showing us by province, the actual employment, unemployment, GDP, and personal income stats. We can clearly see the growth from 2016 to 2017 across most market sectors, but the projections for 2018 in some provinces, are projected to be lower.
Read the full report:
Warehousing and fulfillment represent the top development prospects among survey respondents. With increased need for last-mile delivery and e-commerce facilities, logistics and fulfillment continue to be a major opportunity for creating value. As tenants look for increasingly larger spaces, vacancy rates are tightening and rents are rising.
Download the PWC report: