Montreal Market Faces Challenges

MONTREAL—For the past few years, economic activity has shown moderate growth in the Greater Montreal Area, but the real estate market set a new record in 2014, exceeding the previous record set in 2008, with an overall transaction volume greater than $4 billion.

From a growth perspective, 2015 shows promise as U.S. economic conditions keep improving, boosting export activity and keeping prices in Canadian dollars attractive to American investors, but challenges remain. Previously announced major infrastructure investments will improve Montreal’s economy. These observations are from Avison Young’s Annual Review and Forecast for major cities in markets in does business in. The Canadian firm released the report last week, including a specific report on the Montreal market, for all sectors. Highlights are below: