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Sales of older apartments dominate Montreal investment activity

Older properties are more numerous, but sales of newly built units are increasing
Older apartment properties are sought by investors, as reflected in the February sale of Le Mistral, a 224-unit complex built in 1977 for $55 million. (CoStar)
Older apartment properties are sought by investors, as reflected in the February sale of Le Mistral, a 224-unit complex built in 1977 for $55 million. (CoStar)
CoStar Analytics
May 13, 2026 | 11:35 AM

Montreal’s multifamily investors continue to target apartment buildings constructed before 1980, a segment with sheer numbers that dominate the market by accounting for roughly 75% of the city’s purpose-built rental inventory.

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