Montreal as a tourist desitnation is both English and French, Montreal is one of Canada largest city and the most populous city in Quebec, and considered the second most populous city in Canada, the city seats on an island. The metropolitan area has a total population of 3.8 million inhabitants in the urban area of 4,258 square km, 56.9% of its population speak French followed by 18.6% english and 19.8% of other languages. Historically Montreal was the most important economic centers of Canada until it was surpassed in 1970's by Toronto. Montreal became an international destination, the city is is easily accessed by land, water and air. From downtown Montreal is a 20 minutes ride to the Pierre-Elliott Trudeau International Airport, which handles some 600 flights daily. Montreal can also be accessed by Autoroute 20 East, Autoroute 15 and Autoroute 720.
According to La Gazzette of Montreal by BRIANA TOMKINSON, SPECIAL TO THE MONTREAL GAZETTE.
"If you’re thinking of getting into the market to buy a house, you should know: Waiting could cost you. Prices in Montreal have been rising steadily during the past few years, and the momentum doesn’t seem to be slowing. According to Royal Lepage’s most recent House Price Survey, prices were up 5.9 per cent this fall over last year in Greater Montreal and seven per cent in the city centre.
While that doesn’t sound like much relative to the double-digit increases seen in Vancouver and Toronto in recent years, it’s no chump change. The median price of a home in Montreal centre is now $532,026, which is $35,000 more than last year. In the Greater Montreal area, it’s $418,731, or a difference of $23,000. In other words, if you’ve been putting off buying a house in the last year or so, you now could be paying tens of thousands more for the same type of property. For many Montrealers, the logical solution is to look to the suburbs for cheaper housing. Not surprisingly, the exodus is now resulting in record sales and higher prices there, too. In Montreal East, prices in the third quarter of 2019 increased by 8.5 per cent year-over-year, and the price of two-storey homes in the region jumped 11.3 per cent. Buyers who are shopping beyond city limits aren’t just looking at white-picket-fence properties either. Sales of suburban condos are increasing, and prices are following. Laval posted the greatest increase in condo prices in the third quarter of 2019, at 6.8 per cent. Condo prices were also up by about five per cent in Montreal East and the South Shore.
There’s still no major city in Canada with more affordable real estate than Montreal. Yet the steady rise in real estate prices is having a real impact on how much local buyers can afford. Federal and provincial governments are touting a range of potential solutions to help more Canadians become homeowners, but Dominic St-Pierre, director and vice-president at Royal LePage Québec, said these well-intentioned initiatives will only fuel even greater increases in house prices here in Montreal."