Remote work has had a significant impact on the residential real estate market in Montreal, changing where people live and the types of properties they seek.
With fewer workers needing to commute to the office, many have chosen to settle in suburbs or more affordable areas like Laval, Longueuil, and the Laurentians, seeking larger homes with space for home offices. This trend has increased demand and prices in these areas, while downtown Montreal has seen a drop in interest, especially for small condos. Neighborhoods like Verdun, Ahuntsic, and Rosemont, which were previously more affordable, are also experiencing higher demand.
The pandemic has also led to a growing interest in secondary residences or vacation properties, as remote work offers greater flexibility regarding where to live. Regions like the Eastern Townships and the Laurentians have become popular choices for those looking to balance work and relaxation.
In the future, hybrid work models will continue to influence Montreal’s real estate market. Suburban areas are expected to remain in high demand, while downtown may see a shift toward larger, more functional condos. Overall, the real estate market is adapting to new preferences for space, flexibility, and lifestyle, creating opportunities in suburban areas and vacation properties.
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