Downtown Montreal Property Values Surge in 2026-2028 Assessment
Montreal,Quebec – A newly released property assessment for 2026-2028 reveals a significant increase in the total value of residential properties across Montreal,with downtown areas experiencing notably dramatic gains. The city-wide evaluation role totals $610 billion, an $83.8 billion jump since the last assessment in September 2022 – the largest increase observed since 2007.This ample rise in property values has implications for homeowners, renters, and the city’s tax base. The assessment, conducted by the City of Montreal, will directly influence municipal tax bills in the coming years. While an appreciating property value generally benefits owners, it can also contribute to increased housing costs and affordability challenges, particularly in a competitive market like downtown Montreal.The assessment also highlights ongoing land use dynamics, with approximately 1,600 vacant lots remaining in the Ville-Marie borough, representing over 10% of the roughly 14,850 vacant lots island-wide.
The 2026-2028 evaluation role encompasses 514,600 housing units. The City of Montreal provided the data.
