First Impressions Are Everything, Make Sure to Impress!
Griffintown is “absolutely’’ a good investment, said Mathieu Collette, research director specializing in the new condo market.
Median price for a new condo in Griffintown is $450 a square foot, compared with $550 near the Bell Centre and $520 in Old Montreal, including all taxes.
The rate of condos bought for investment is about 20 per cent, aligned with the average of downtown Montreal.
“Considering you’re less than a kilometer from downtown Montreal, in a neighborhood that is being revitalized, the pricing is still reasonable in relation to the market,’’ Collette said.
“It’s a completely new district. It’s probably the trendiest area close to downtown. It’s close to Atwater Market, the Lachine Canal bike path, Old Montreal. You can do everything on foot. And now the major restaurateurs no longer go to St-Laurent Blvd. They go to Griffintown.”
The Canadian Real Estate Association Says “Low Interest Rates Have Given Buyers Confidence and Pushed the Number of Monthly Sales in May and June to the Highest Levels in Years.”
The Association Says “The Number of Canadian Home Resales In June Hit a Record For The Month and About Two-Thirds Of All Local Markets Showed Increases From a Year Earlier”
It Says There Were 56,839 Transactions by CREA Members in June, Up 11% From Same Month Last Year.
The Association’s National Home Price Index Was Up 5.43% in June From the Same Month Last Year and The National Average Price For Homes Sold in June was $543,560 — up 9.6 % From a Year Earlier
* Source Montreal Gazette 07.14.25