Montreal real estate price is sky rocked and unprecedented for now during the worldwide pandemic, Justin Trudeau gives faux confidence, but the inflation will surely become a reality due to the money printing strategy, real estate will be one of the best to fight the inflation.
I'm in the Montreal real estate market for more than 20 years and have surely seen how the market goes up. Year 2020 the Covid has made all short-term rental impossible, thousands of Airbnb units empty and have to rent long-term at much-reduced rent, see thousands of downtown condos are empty from the students and the owners are crying to lower the rent but still hard to find the tenant. But the market of single-family houses in the suburb is crazily active, a house for sale with a reasonable price will often see multiple offers, and sold with an above-asking price is common. If you want to invest your money, real estate is always the best investment for the long-term, but it does require some works and patients.