The neighbourhood of Nuns' Island is a small universe where new properties and condos with a view on the river are very sought-after. This prosperous-looking suburb is a peaceful place which offers a double life, between the center and the river, which promotes a kind of natural meditation.
This calm area became a trendy neighbourhood, which welcomes urban and young professionals. The community became more dynamic, eclectic and welcoming. The island succeeded in preserving a good balance between nature and urbanization, as it offers a high quality of life.
After a decrease between 2011 and 2014, the real-estate market has risen by 5% regarding the number of properties sold in Montreal in 2016. Thousands of condos have been built in the region of Montreal these last years and many of them are still unoccupied and still on the housing market. According to real-estate experts, 2017 would be characterized by a slowing down of sells due to new mortgage loan measures. However, the growth of the employment market and the low unemployment rate should boost property sells.