Investing in real estate is usually regarded as a safe and profitable financial decision. In Québec, certain zones are undergoing a rapid revitalization process and attracting an increasing number of residents, making them a great place to acquire real estate.
Here are a few communities worth looking into due, notably, to their dynamism and popularity. But, of course, this represents only a small sample from across the province! Contact a real estate broker in your region for further guidance.
The Plateau-Mont-Royal: Still Highly Desirable
Renowned for its bohemian atmosphere and streets lined with cafés and boutiques, Montréal’s Plateau-Mont-Royal neighbourhood has long stood apart! Even in 2024, its popularity shows no signs of decreasing due to its many green spaces, excellent schools and public transit connections. Real estate prices there continue to rise, but demand remains strong. The only drawback for some people is the limited parking.
Griffintown: Hip and Lively
Located to the southwest of Montréal’s downtown core, this neighbourhood is in the middle of a resurgence. A former industrial area, it’s reinventing itself with several residential and commercial redevelopment projects. And since the new constructions are drawing in a young and active demographic, real estate prices are going up. The presence of the Lachine Canal along its perimeter also makes this neighbourhood a very pleasant living environment. Condos overlooking this stretch of water are particularly popular. Plus, it’s right next to the Champlain Bridge! Residents can get to Brossard in less than 15 minutes!
Mascouche: 15 Minutes From Montréal
With the completion of the Highway 25 bridge a few years ago (providing direct access to Montréal) and the recent introduction of the commuter train, Mascouche is today strategically positioned to lure real estate investment. Indeed, there has been a surge in apartment and condominium building construction, which has considerably increased the population. House prices are now approaching those of Laval, with which this municipality shares a border.
Magog: Rural Perfection
Magog, a city located in the heart of the Western Townships, is experiencing rapid growth. With its picturesque landscapes, outdoor activities and cultural events, it’s attracting more and more residents seeking a peaceful and active lifestyle. New residential developments and infrastructure investments add to its appeal. Its proximity to the Bromont Mountain resort (the municipality of Bromont also being an ideal place in which to purchase real estate) make Magog even more enticing for investors.
Aylmer: For Young and Old Alike
This sector in Gatineau is booming as a result of its residential and commercial development. Families and young professionals are moving in to take advantage of its parks, good schools and proximity to Ottawa. The community’s attractiveness is further enhanced by infrastructure projects and ongoing construction.
Vieux-Longueuil: Old-Fashioned Charm at Every Corner
Vieux-Longueuil is a historic neighbourhood experiencing rapid modernization. Its quaint streets, local restaurants and closeness to Montréal’s downtown have residents and investors flocking. Easy access to public transit also constitutes a plus. Many students choose to live here because the rent is more reasonable than in Montréal.
Vieux-Trois-Rivières: What a Transformation!
Vieux-Trois-Rivières is undergoing significant revitalization owing to its heritage buildings, restaurants and cultural events. Its proximity to the St. Lawrence River adds to its beauty and growth potential. The fact that property prices in this region are so affordable also make it particularly appealing.
Saint-Roch: Several Attractions
Québec City’s Saint-Roch neighbourhood has experienced a renaissance over the past few years. Young adults and families particularly appreciate its numerous restaurants, trendy boutiques and shared workspaces. New development projects continue to be implemented, increasing the area’s desirability.
Sainte-Foy–Sillery–Cap-Rouge: A Sought-After Place to Live
This Québec City borough is growing in popularity, especially around its university campuses. Many new residential developments are under construction, attracting investors as well as buyers seeking a neighbourhood offering a high quality of life.
Lots of other neighbourhoods and cities across Québec are experiencing rapid expansion! Contact a real estate broker to find out which ones are booming in your region. Thanks to their ability to anticipate trends and future developments, you can rely on their advice to make a wise choice that will prove profitable for years to come.
