13 Apr The Montreal Spring 2016 Real Estate Market Is A Magnet For Foreign Buyers!

Here in Montreal, it’s true, we never experienced  the real estate boom that the Ontario and Vancouver markets enjoyed for many consecutive years. Now with the Canadian dollar being so weak against the U.S. Greenback, Montreal real estate prices are looking very attractive to foreign investors and out of town buyers. When Canada’s currency regains it’s strength, prescient buyers will be enjoying their gains because even if they do nothing, they will be benefitting from a significant purchase discount. It’s nice to see Montreal finally getting some attention over the other provinces.

Let’s compare and see what could be purchased with a budget of five hundred thousand dollars across Toronto, Vancouver and Montreal. In Toronto, five hundred thousand doesn’t buy you much, to get an idea, here’s a blog post from BLOGTO.  The Vancouver market has skyrocketed even more, Vancitybuzz gives us an idea of what the market looks like there. , For a more general comparison across Canada, this is what five hundred thousand buys you across Canada. Last but not least, in Montreal, five hundred thousand dollars buys you a really nice two bedroom condo, within some of the many great neighborhoods in Montreal.

This is an interesting article just published by Blue and Green;

Is It a Good Time to Buy a Condo in Montreal?

https://blueandgreentomorrow.com/features/good-time-buy-condo-montreal/

To learn more about some great buys in our Montreal real estate market, connect with me at bmeisels@kw.com, or give me a shout out on Twitter @bonniegmg