Anyone who has paid any attention to the news in the last two years knows that the real estate market has flat lined. Where homes were commanding prices that stunned professionals in the real estate world for five long years, the bottom fell out starting in 2007. The trend seemed to affect markets everywhere, from Mississauga real estate south to Tampa in Florida.


However, there are always exceptions to any general rules, and in terms of the real estate market crash, one of the exceptions is the real estate market in Montreal. If you own real estate or are thinking about owning real estate in a Montreal zip, it's important to get the facts. Homes here are priced differently than Milton Ontario houses, for a number of different reasons.

First of all, Montreal is one of the most important cities in the nation, and the most important in the second largest city in the country population wise. While the prices of Etobicoke real estate have long been lamented in the popular press, they pale in comparison to what you will find in Montreal. Major investments by both companies and government has meant that the job market here has remained stable in an economy which has slowed down progress in much of the world.

The prospects of employment mean that Montreal has remained a desirable location for many citizens in central and Atlantic Canada. When people move, they need a place to live, and cities which are attracting more residents will always have higher listing prices than average. While homes for sale in London Ontario continue to be listed at lower and lower average prices, Montreal's prices have remained high.

In fact, Montreal is one of the few cities in the country which are still considered seller's markets from the real estate perspective. While prices are not quite as high as they were three years ago, you will still find prices here far above those you see in the real estate listings for Markham. We are still seeing bidding wars open up on all types of property, including townhomes and condos.

In fact, the condo market in Montreal is one of the hottest real estate trends in the country. Whereas even in cities such as Toronto single detached homes still sell more units, Montreal has seen condo demand skyrocket over the detached market over the last decade. This could well be due to the fact that the Isle du Montreal has more limited space for development than most Canadian locations, therefore setting prices at a premium.

Montreal's development density ceiling could well be twinned with its economic prospects as the reasons why real estate prices continue to climb. Whatever the reason, those thinking about moving here should definitely consult the local markets to make sure this is a city they can afford to live in.