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Get To Know Montreal, Quebec
- Montreal; officially Montréal, French: is the second-most populous city in Canada and most populous city in the Canadian province of Quebec. Founded in 1642 as Ville-Marie, or “City of Mary”, it is named after Mount Royal, the triple-peaked hill in the heart of the city. The city is situated 196 km east of the national capital Ottawa, and 258 km southwest of the provincial capital, Quebec City.
- Montreal has hosted multiple international conferences and events, including the 1967 International and Universal Exposition and the 1976 Summer Olympics. It is the only Canadian city to have held the Summer Olympics. In 2018, Montreal was ranked as a global city. The city hosts the Canadian Grand Prix of Formula One since 1978, as well as the Montreal International Jazz Festival, the largest jazz festival in the world, the Just for Laughs festival, the largest comedy festival in the world, and Les Francos de Montréal, which is the largest event devoted exclusively to French-language music anywhere in the world. It is also home to ice hockey team Montreal Canadiens, the franchise with the most Stanley Cup wins.
- Montreal is in the southwest of the province of Quebec. The city covers most of the Island of Montreal at the confluence of the Saint Lawrence and Ottawa Rivers. The port of Montreal lies at one end of the Saint Lawrence Seaway, the river gateway that stretches from the Great Lakes to the Atlantic.
- The city of Montreal is world-renowned for in the top 20 most cyclist-friendly cities around the globe. It follows that they have one of the world’s most successful bike share systems in BIXI.
Montreal Residential Market
- Average sold prices reached $565K in November 2021, a 13% annual increase
- Sales activity is lower this month with single-family homes leading the way in terms of year-over-year declines in sales
- Median single-family detached prices increased by 21% year-over-year to $525k
- Median condo prices increased by 18% year-over-year to $374k
- Median plex prices increased by 15% year-over-year to $725k
- Tourism activity picked up a bit last summer (2021) in the metropolis, but remained well below what was seen before the start of the COVID-19 pandemic.
- The average hotel occupancy rate was 38.5 per cent last summer, up 22.7 per cent from 2020, but 47.5 per cent lower than the summer of 2019.
- Tourism Montreal noted a 199 per cent increase in international tourists last July compared to the corresponding month in 2020, but still 92.5 per cent below July 2019. Passenger traffic at Montreal Airport last July was 75.2 per cent lower than July 2019.
- As for traffic at Montreal attractions last June, it was 16 per cent higher than June 2020, but 75 per cent lower than June 2019.
- Tourism in Montreal was enjoying its best days before the pandemic, setting new records in attendance year after year, a surge that was interrupted by the health crisis, according to the organization.
- Expected some semblance of normalcy for the peak 2022 summer travel season.