Ville-Marie is a vibrant and diverse neighborhood located in the city centre of Montreal. With its eclectic blend of imposing skyscrapers, historic neighborhoods and green parks, Ville-Marie offers an unparalleled urban life experience. Let’s find out what this central neighborhood has to offer potential buyers.

Profile

• 87 000 inhabitants
• Average household income: $71 000 
• 54% Francophone
• 63% of non-immigrant population

Service

Ville-Marie is home to several quality schools for families, such as the Ecole Internationale de Montréal, the École de Musique Vincent d'Indy. These institutions offer varied and high-level educational programmes ranging from early childhood to university education. Moving by car in Ville-Marie remains complicated, however the arrondissement is served by the best public transport system in the city. With metro stations two kilometers away, moving around the city centre of Montreal has never been easier. Not to mention hospital centres such as CHUM, CUSUM and other medical clinics.

Real Estate Market

With prices that are in the highest average of the island, staying in Ville-Marie is expensive. Given the easy access to the city centre of Montreal, its services and its nightlife, the price of the accommodation is justifiable. Currently, the trend among condo tower manufacturers is to limit the living area of condo buildings so that they can build more than one, without sacrificing the common spaces. I invite you to read my article on new condos in Montreal.

• Medium price House : 1 100 000$
• Medium price Condo : 469 000$
• Medium price Plex: 779 000$

Renting an apartment in downtown Montreal is as expensive as buying one.

• Average rental of a studio : 1 121$
• Average rental of an apartment with 1 bedroom : 1 382$
• Average rental of an apartment with 2 bedrooms : 1 828$

For whom?

Historically, Ville-Marie is suitable for a young professional buyer profile (25-45 years) and an investor seeking to make short-term rentals. Since the rise in rates and the ban on less than 6 months rental by most co-ownership unions, it has become increasingly difficult to find a condo that will bring you a positive cash flow.

To receive a full report on the real estate activity in your neighborhood, I invite you to contact me!