Foreign Investment in Montréal Real Estate Market is Relatively Low

Multimedia content available

MONTRÉAL, July 13, 2016 — As part of its ongoing efforts to address housing market data gaps, Canada Mortgage and Housing Corporation (CMHC) released today its latest Housing Market Insight (HMI) report on foreign investment in the Montréal census metropolitan area (CMA).

Using land register and property assessment roll data as well as drawing from the results of its previously released survey of foreign ownership in condominiums, CMHC reports relatively low levels of foreign investment in the greater Montréal area. This finding, presented at a round table on foreign investment organized by CMHC, was corroborated by several industry players.

 
Transcript

Foreground: Francis Cortellino, Principal Market Analyst (Quebec Urban Centres)

Background: street scape, office building

Francis Cortellino: “The presence of foreign investors in the Montréal real estate market is relatively low and concentrated in the condominium segment, especially in the central areas of Montréal. These results were presented at a round table organized by CMHC on foreign investment and were corroborated by several industry players.”

 

Report Highlights

  • The presence of foreign investors in the Montréal real estate market is relatively low, as indicated by data drawn from CMHC’s survey of foreign ownership in condominiums as well as from the land register and property assessment rolls.
  • Foreign investment in Montréal is concentrated in the condominium segment, especially in the central sectors of the city.
  • The data shows that there are not more foreign investors in newer or larger condominium buildings in central sectors of Montréal.
  • According to the data, the majority of foreign investors own just one condominium unit in the Montréal city.
  • Given the small number of foreign investors in the Montréal real estate market, risks related to their presence are limited overall.

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“The presence of foreign investors in the Montréal real estate market is relatively low and concentrated in the condominium segment, especially in the central sectors of the Montréal area. These results, presented at a round table on foreign investment organized by CMHC, were corroborated by several industry players.”

— Francis Cortellino Principal, Market Analysis, Canada Mortgage and Housing Corporation

Information on This Release:

Catherine Léger
Media Relations
514-283-7972
cleger@cmhc.ca

 

CMHC Media Content Available for this News Release:

  • Video Clip — English (8,781 KB)
  • Francis Cortellino Headshot (7,578 KB)

Download this Media Package (ZIP – 15.9 MB)

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