Town of Mount Royal real estate market: The boom in single-family homes
Town of Mount Royal real estate market: The boom in single-family homes
Main information:
- A dynamic market: Town of Mount Royal recorded 130 transactions in 2024, up 58% year-on-year, confirming its attractiveness.
- Prices on the rise: The median price of single-family homes reached $1,752,000 (+1.6%), while condominiums ($570,000 -16%) and plexes ($1,185,500 -20%) posted significant declines.
- A sought-after living environment: Town of Mount Royal offers a peaceful environment, renowned schools, green spaces and excellent accessibility thanks to the future REM and strategic highways.
- An attractive sector for investors: Rising prices and strong rental demand make single-family homes a safe investment, offering stability and long-term value.
- An upscale real estate destination: Security, quality of life and proximity to downtown make Town of Mount Royal a preferred choice for families and professionals.
Town of Mount Royal, often referred to as the “garden city”, is renowned for its exceptional living environment in the heart of the island of Montreal. This upscale residential neighborhood offers a unique combination of tranquility, accessibility and quality services, attracting families, professionals and investors alike.
Let’s discover the real estate features of this unique city.
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- Real estate market in Town of Mount Royal
- Home prices in Town of Mount Royal
- The advantages of living in Town of Mount Royal
- Find a broker in Town of Mount Royal
Real estate market in Town of Mount Royal
In 2024, the Town of Mount Royal real estate market showed remarkable vitality. According to JLR data, the city recorded a significant number of transactions, reflecting sustained demand in this sought-after sector.
In all, there will be 130 transactions in Town of Mount Royal in 2024, up 1.3% on 2023. This increase in transactions can be explained by a number of factors:
- The city’s growing appeal is due to the quality of life and tranquility it offers, while remaining close to the vitality of Montreal.
- Rising prices have prompted some owners to consider selling in order to capitalize on their investment.
- A real estate market that continues to perform well on the island of Montreal in general, and the Town of Mount Royal is no exception.
This dynamic is partly attributable to the municipality’s continuing appeal to those seeking a peaceful environment close to downtown Montreal.
Property prices in Town of Mount Royal
Property prices in Town of Mount Royal reflect its status as a sought-after neighborhood.
| Property type | Median price 2024 | Annual variation |
|---|---|---|
| Unifamily home | 1 752 000$ | +1.3% |
| Co-ownership | 570 000$ | -16% |
| Plex | 1 185 500$ | -20% |
According to JLR statistics, the median price of single-family homes in the municipality rose significantly in 2024 to $1,752,000, an increase of +1.6% since 2023 and +24.5% since 2019, testifying to buyer confidence and the continued appreciation of this segment of real estate in the region.
Although there are fewer condominiums in Town of Mount Royal, their value has depreciated, with a median price of $570,000, down 16%. This segment, which is particularly well-suited to buyers seeking a compromise between space and accessibility, has seen a significant decline in the Town of Mount Royal market, but is still up +5% over the past four years.
Finally, plexes, a popular option for investors, have a median price of $1,185,500 (-20%). This significant drop can be explained by the city’s lesser rental appeal, which tends to be for families looking to settle down by purchasing a house or condominium rather than a rental property for a young worker or student, for example.
This upward trend in prices confirms the premium positioning of Town of Mount Royal, where the appeal of quality of life and high-level infrastructure continues to support real estate demand.
The advantages of living in Town of Mount Royal
Ville Mont-Royal (VMR) is one of the most sought-after residential areas on the island of Montreal. Its exceptional living environment, modern infrastructure and community atmosphere make it the ideal choice for families, professionals and retirees in search of tranquillity and prestige.
- A green and peaceful environment
A peaceful, green living environmentaNicknamed the “garden city”, Town of Mount Royal is distinguished by its tree-lined streets, large landscaped grounds and numerous green spaces. Connaught Park and Danyluk Park offer ideal facilities for outdoor activities, while walking and cycling paths promote an active lifestyle. - Excellent accessibility
Ville Mont-Royal is strategically located just minutes from downtown Montreal. The sector is served by :
– The REM (Réseau express métropolitain), which will make it easier to get downtown in less than 10 minutes.
– Major roads such as Autoroute 40 and Autoroute 15, which provide rapid access to other parts of the island and to the suburbs.
– An efficient public transportation network, including several bus lines and close proximity to the De la Savane and Namur metro systems. - Top-level schools
One of the main attractions of Town of Mount Royal is its high-quality educational offering. The area is home to some of Montreal’s best schools, both public and private, including :
– École Saint-Clément (renowned public elementary school)
– Collège Jean-de-Brébeuf (high school and CEGEP)
• Académie Saint-Clément
– Renowned private schools nearby, such as Villa Maria and Lower Canada College
This access to excellent schools makes VMR a preferred choice for families wishing to offer their children a first-rate education. - Dynamic neighborhood life
Despite its peaceful residential atmosphere, Town of Mount Royal offers a shopping center and local businesses to meet residents’ needs. Plaza Royalmount adds an even more diversified retail and gastronomic offering. What’s more, local cafés, restaurants and markets contribute to a lively, friendly neighborhood. - Unrivalled safety and quality of life
Town of Mount Royal is recognized as one of the safest municipalities on the island of Montreal. Crime rates are among the lowest in the area, and the presence of a municipal police force ensures a serene environment for residents.
In short, Town of Mount Royal combines prestige, accessibility and quality of life, offering an ideal setting for families and professionals in search of tranquility, while remaining close to urban amenities. This combination makes VMR one of the city’s most sought-after real estate sectors.
Did you know?
The Global and Mail
For the second year in a row, Town of Mount Royal was voted the most livable city in Quebec in 2024, and 19th in all of Canada.
Are you looking for a property but want to know more about the quality of life and its surroundings? Check out our neighborhood fact sheets!
Town of Mount Royal continues to assert its status as one of the most prestigious neighborhoods on the island of Montreal, with a growing real estate market and sustained demand. Rising property prices, stable transactions and the appeal of its exceptional living environment confirm its position as one of the most sought-after municipalities in the metropolitan area.
Its accessibility, renowned schools, abundant green spaces and safe environment make it an ideal choice for families and professionals seeking a balance between residential tranquility and urban proximity.
Whether you’re buying, investing or selling, the dynamic Town of Mount Royal market offers great opportunities. To maximize your transaction and make the right choices, it’s essential to have the right support. A real estate broker specialized in the sector can help you navigate this competitive market and make the most of your investment.
Thinking of buying or selling in Town of Mount Royal? Contact our team of real estate brokers today for a personalized evaluation or advice on your real estate project.
Valérie Lacasse
Valérie has been a real estate broker for over 10 years. Passionate about the industry and Montreal, she is one of Montreal’s most influential brokers, guaranteeing expertise and comprehensive support to her clients.
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