If you’re eyeing condos in Montreal, new development projects are reshaping the city’s real estate scene. From metro expansions to residential towers, these initiatives are driving property values and growth across diverse neighbourhoods. But how do they impact buyers and investors? And which areas are worth watching? In this post, we’ll dive into how new development projects are boosting condos in Montreal, explore key hotspots, and offer tips to seize the opportunities they create.
Understanding this shift is key before you jump in. So, let’s break it down.
1. Why New Development Projects Matter for Condos in Montreal
New development projects play a crucial role in shaping demand for condos in Montreal while also increasing their value. Specifically, they introduce more housing options, improve infrastructure, and attract new residents, ultimately pushing property prices upward. For example, Montreal’s average home price hit $619,874 in January 2025, according to WOWA.ca. However, new projects are keeping condos relatively affordable compared to single-family homes, which currently average $645,700. Furthermore, with a 36% surge in sales this year, per nesto.ca, these developments present significant investment potential.
From transit expansions to high-rise projects, these developments are true game-changers. Let’s explore how.
2. Big Projects Shaping the Boom of Condos in Montreal
Montreal is buzzing with large-scale developments that are fueling growth in condos in Montreal. Here are some of the key projects to watch:
- Réseau Express Métropolitain (REM): This light-rail network, with its first phase operational since 2023 and full completion expected by late 2025, connects downtown to the South Shore and beyond, per CMHC. Properties near REM stations could see a 5–10% value increase, based on transit studies.
- Pink Line Metro: Scheduled for 2027, this new 29-station metro line will connect Rosemont to Anjou, reducing commutes to just 15 minutes, per Wikipedia. As a result, condo prices near planned stations are already rising.
- Residential Towers: Griffintown’s condo boom—fueled by sleek new high-rises—has driven property values up by 15% in just five years, according to nesto.ca. Developers like Prével and Devimco are at the forefront of this transformation.
Clearly, these projects are not just adding homes—they are redefining entire neighbourhoods.
3. Rosemont—La Petite-Patrie: Metro-Powered Condo Growth
One of the most promising areas for condos in Montreal is Rosemont—La Petite-Patrie, thanks to the upcoming Pink Line metro. Located northeast of the Plateau, this borough blends green spaces with urban conveniences. With the first stations opening soon and full service expected by 2027, demand for condos in the area is set to rise.
What makes it attractive? Affordability and charm. In 2021, condos averaged $445,000, while plexes were priced at around $800,000—both figures likely higher now, based on Centris.ca’s Q4 2023 data. Additionally, Beaubien Street’s indie shops, Jean-Talon Market, and Maisonneuve Park’s Botanical Garden enhance the neighbourhood’s appeal. However, older properties may require renovations, and prices could soar post-metro. Still, Rosemont’s transit expansion makes it a prime location for condo buyers.
4. Griffintown: From Industrial Past to Condo Hotspot
Griffintown’s transformation is nothing short of remarkable. Once an industrial district, it is now a thriving condo hub southwest of downtown, thanks to new residential towers and infrastructure improvements.
Why is it in demand? Property values have surged 15% in five years, with condos averaging $500,000 in 2025, per nesto.ca. The area also boasts waterfront parks, pedestrian-friendly paths, and proximity to Old Montreal. Moreover, a 5% increase in condo sales in 2024 signals continued demand. That said, high prices and condo fees (averaging $300+ per month) may deter some buyers. Nevertheless, Griffintown’s appeal remains strong.
5. Pointe-Saint-Charles: Revitalizing Condo Potential
Pointe-Saint-Charles, located near the Lachine Canal, is undergoing a major revitalization, with warehouse-to-loft conversions and new developments reshaping the area.
What’s fueling the growth? Property prices are still below city averages—single-family homes here cost around $400,000, up 10% from last year, per WOWA.ca—making it an attractive option for buyers seeking value. Additionally, the area benefits from scenic canal paths and parks like Parc Marguerite. However, the absence of a metro station means residents rely on buses, and some sections of the neighbourhood remain underdeveloped. Still, Pointe-Saint-Charles offers strong growth potential for condos in Montreal.
6. Hochelaga-Maisonneuve: Olympic-Sized Revival
Hochelaga-Maisonneuve, east of downtown, is rising with projects near the Olympic Stadium. New housing and commercial spaces are key.
7. Verdun: Canal-Side Condo Surge
8. Villeray and LaSalle: Quiet Condo Climbers
9. How Development Projects Drive Condo Value
So, what exactly makes these projects so impactful? Several key factors contribute to their influence on condos in Montreal:
- Transit Accessibility: The REM and Pink Line will significantly shorten commute times, increasing condo values by an estimated 5–10%, according to CMHC.
- Improved Amenities: Neighbourhoods with parks, pedestrian paths, and cultural attractions—like Griffintown and Verdun—become more desirable, further boosting property values.
- Supply and Demand: While new condo developments add inventory, they also increase overall neighbourhood appeal, maintaining demand.
- Gentrification Effects: Areas like Hochelaga-Maisonneuve and Pointe-Saint-Charles are transitioning from industrial zones to trendy residential hubs, making them increasingly attractive to buyers.
Each of these factors contributes to the market’s overall strength and resilience.
10. How to Identify the Best Condos in Montreal for Investment
If you’re considering investing in condos in Montreal, here’s how to evaluate potential hotspots:
- Monitor Market Trends: Rosemont’s condo prices are on the rise—check Centris.ca for updates.
- Explore the Neighbourhoods: Walk through Griffintown’s canal-side developments or visit Hochelaga’s Olympic district to get a feel for the area.
- Check Project Timelines: The REM is set to be fully operational in 2025, while the Pink Line’s 2027 completion will further boost surrounding property values.
- Assess Buyer Demand: Verdun’s 5% sales growth indicates rising interest—consult a real estate agent for insights.
- Budget for Renovations: Older properties in Pointe-Saint-Charles might require updates, so factor in additional costs.
Doing thorough research now can help you maximize returns in the long run.
11. Are These Condos in Montreal Worth It?
However, it’s important to stay aware of potential risks. Construction delays—such as past setbacks with the REM—or rising interest rates could slow price growth. Nevertheless, with a 36% jump in sales and a wave of new projects, condos in Montreal remain a strong investment choice. By staying informed, visiting key neighbourhoods, and working with a real estate professional, you can make the most of these emerging opportunities.
