09 Mar What Montreal Rents Look Like By Neighborhood
What Montreal Rents Look Like By Neighborhood
What Montreal rents look like by neighborhood tells several stories. The graphics and data via Square Feet AI, shows how Villeray has scaled massively in rent values over the years. It also shows the areas where the highest rents per square foot can be found. The chart is based on monthly rent for an average 2 bedroom unit. Pointe Claire, Le Plateau, Ville Marie and Le Sud Ouest, which is comprised of St Henri, Pointe St Charles, Griffintown and Ville Emard, Cote St Paul are neighborhoods garnishing some of the highest rent values per square foot.
In a post Covid world, it will be interesting to see if there any shifts in the data.
For the overall outlook for Montreal’s rental market for 2021:
According to Francis Cortellino senior specialist, Market Insights for CMHC, “The vacancy rate in the Montréal area increased to 2.7 per cent in 2020 from 1.5 per cent in 2019. “Two distinct trends were observed on the Greater Montréal rental market this year,” says Cortellino, “Vacancy rates rose sharply in large buildings in the city’s central areas, while the proportion of vacant units generally remained stable elsewhere in the metropolitan area.”
Read the full article below:
Almost two months into 2021, and it feels like we’re stuck in 2020. But past Groundhog Day and into the long shadow of COVID-19’s dark winter, the horizon holds hope of getting vaccines into arms and Canadians moving again. For the 2021 rental market, Canadians moving again will finally put 2020 in the rearview mirror.