REM Expansion Impact: Cost of Living near Montreal Train Stations

REM Expansion Impact: Cost of Living near Montreal Train Stations

2024-03-21 18:49:05

After its commissioning on the South Shore, the Réseau express métropolitain (REM) continues its expansion in Montreal with its branches towards Deux-Montagnes and the airport, which is reflected in the cost of housing located near the stations. .

Moving planning company MovingWaldo has listed the average cost for renting a one-bedroom apartment or purchasing a property near the 26 electric train stations.

To do this, property purchase price data from Centris was examined, in addition to rental prices from Zumper.

If you want to live near McGill station, right in the city center of the metropolis, you will have to open your wallet wide, since it is the most expensive station to live nearby with an average rent of $1,785 and $836,000 for the average price of a property.

Conversely, the cheapest station to live nearby is Du Ruisseau, where the average rent is $1,288 and the price of a residence is $571,500.

The three stations already open on the South Shore, namely Panama, Du Quartier and Brossard, are all valued at the same prices, i.e. $1,599 for rent and $505,875 to buy a house.

At the other end of the line, that of Deux-Montagnes has a posted cost of $1,397 for the average rent and $440,000 to own a property nearby.

Estimated average costs for each REM station

• Brossard: $1,599 to rent and $505,875 to buy

• From the Neighborhood: $1,599 to rent and $505,875 to buy

• Panama: $1,599 to rent and $505,875 to buy

• Nuns’ Island: $1,534 to rent and $750,500 to buy

• Griffintown: $1,800 to rent and $644,625 to buy

• Central Station: $1,785 to rent and $836,000 to buy

• McGill: $1,785 to rent and $836,000 to buy

• Édouard Montpetit: $1,500 to rent and $809,250 to buy

• Canora: $1,500 to rent and $809,250 to buy

• Ville-de-Mont-Royal: $1,775 to rent and $1,237,000 to buy

• Côte-de-Liesse: $1,825 to rent and $623,750 to buy

• Montpellier: $1,825 to rent and $623,750 to buy

• Du Ruisseau: $1,288 to rent and $571,500 to buy

• Bois-Franc: $1,825 to rent and $623,750 to buy

• Sunnybrooke: $1,225 to rent and $465,000 to buy

• Pierrefonds-Roxboro: $1,225 to rent and $465,000 to buy

• Bigras Island: $1,225 to rent and $465,000 to buy

• Sainte-Dorothée: $1,515 to rent and $545,950 to buy

• Grand-Moulin: $1,397 to rent and $440,000 to buy

• Deux-Montagnes: $1,397 to rent and $440,000 to buy

• Marie Curie: $1,825 to rent and $623,750 to buy

• YUL-Montreal-Trudeau Airport: $1,200 to rent and $484,150 to buy

• Des Sources: $1,516 to rent and $602,500 to buy

• Fairview Pointe-Claire: $1,516 to rent and $602,500 to buy

• Kirkland: $1,750 to rent and $910,000 to buy

• Anse-à-l’Orme: $1,080 to rent and $987,415 to buy

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#housing #located #REM #costs

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