Montreal Real Estate Market Outlook

​Montreal is set to achieve continued economic growth. The Conference Board of Canada (CBoC) forecasts a slightly lower rate than the 3.4% of 2018 and 2% in 2019 to an average of 1.6% from 2020-2023.

​Key factors in Montreal’s real estate market include multifamily housing and industrial property. Montreal’s aging population is one reason sustaining the considerable demand for condos, while electronic commerce, as well as the growth in cold storage warehousing space due to online grocery and meal kit delivery sales in recent years, is encouraging industrial real estate.    

The vibrant office market has also been active as a result of the growing tech sector seeking flexible space which is leading to significant acquisitions and activity in the Montreal market, including undertakings involving private equity and sizable US established investors that see possibility in the city’s stability.

Another significant trend is senior housing, including residential developments offering a selection of amenities and services targeting recently retired dynamic adults and millennials.
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Despite the positive trends mentioned above, there is unease with respect to labour costs, rising construction and the potential impacts of the city’s proposed 20-20-20 bylaw. Under such bylaw, the city would require developers to set aside certain percentages of new residential developments—or make a financial contribution in lieu thereof—for family-oriented, affordable, and social housing.