Considered as the neighbourhood of the Francophone upper class in Montreal, Outremont was created in the 19th century, on the proposal of Mr Beaubien, who was a federal Congressman. This district is characterized by its famous outdoor and colourful stairs and by its expensive properties which can look like little castles. Apart from its wealthy inhabitants, Outremont surprises thanks to its numerous parks, with original water bodies, hidden streams and lovely ponds. The neighbourhood has also three main commercial streets, with various bar terraces, trendy restaurants and upscale stores. Outremont is a little paradise which 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.
