Investing in real estate in Montreal, Quebec: All you need to know
Montreal, Canada's second-largest city, is an island in the southeast of Canada and is regarded as one of the world's most livable cities and one of the happiest. Every year, 45.000 immigrants choose to relocate to the city. Talking about the average prices, the typical price of a single-family house on Montreal's island rose 13% in January to $526,800, a record. Condos and plexes prices soared by 18 and 17%, respectively. At $369,000 for a condo, the median two-to-five-plex is now $647,000. With increases like these, you may be thinking it's time to invest in Montreal real estate. However, there are a lot of things that you must think about before diving in. Type of property Before investing in real estate, decide if you want to invest in commercial or residential buildings. It is important to understand the distinctions between residential and commercial investment. A residential real estate investor typically buys or builds tiny flats and family houses...