Several studies show that there is an added value on the price of residential properties located near public transportation. In this analysis, discover how proximity impacts the price of properties located less than 2 km from a metro station in the Montreal area compared to those further away.
The sale transactions were compiled by JLR from the Quebec Land Register.
+11,2%
added value for condos at less than 500M compared to those at 2000-4500M of a metro station
+7,1%
Added value for houses located at less than 500M compared to the neighbouring ones
+7,6%
added value coming from the proximity for condos between 500 to 1,000M of a station
+6%
Effect of the proximity on price of houses between 500 and 1,000M from a Metro Station
