Montreal, Canada
Property prices · 2024 · Americas
Property price trend in Montreal (2024–2026)
Property comparison — cities in Canada (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Montreal |
|---|---|---|---|---|
| Montreal | CAD 6,800 | CAD 4,500 | CAD 1,800 | — |
| Vancouver | CAD 14,500 | CAD 9,500 | CAD 2,800 | +113.2% |
| Toronto | CAD 12,500 | CAD 8,200 | CAD 2,500 | +83.8% |
| Ottawa | CAD 5,800 | CAD 3,800 | CAD 1,800 | -14.7% |
| Calgary | CAD 5,200 | CAD 3,400 | CAD 1,900 | -23.5% |
| Edmonton | CAD 3,800 | CAD 2,500 | CAD 1,400 | -44.1% |
| Quebec City | CAD 3,500 | CAD 2,300 | CAD 1,100 | -48.5% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Montreal in 2024?
In Montreal, the average price per sqm in the city centre is CAD 6,800, and CAD 4,500 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Montreal in 2024?
A 1-bedroom apartment in Montreal rents for approximately CAD 1,800 per month in 2024. A 3-bedroom apartment costs around CAD 3,200/month.
Is it better to buy or rent in Montreal?
Buying and renting are roughly comparable in Montreal. The price-to-rent ratio is 20.0x — it would take approximately 20.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.80%.
What are mortgage rates in Canada in 2024?
The average mortgage rate in Canada is approximately 5.80% as of 2024. With a price-to-rent ratio of 20.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Montreal?
The average property price per square metre in Montreal city centre is CAD 6,800 in 2024. Outside the centre, expect to pay around CAD 4,500/sqm.