Yes, it's true, the investment required to buy a single-family home in Candiac is higher than in most surrounding municipalities.
But, while average sales of single-family homes in the GMA (Greater Montreal area) increased by 1% and 5% in Montérégie (administrative region where Candiac is located), Candiac had an increase of more than 21%.
Whether it is Saint-Lambert (+ 13%), Saint-Bruno (+ 4%), Boucherville (+ 6%), Brossard (+ 13%), Longueuil (+ 13%) or La Prairie (+8,4%), no other surrounding municipality has had as much success, and sales in Candiac are almost twice as high as in the surrounding cities.
With investments of more than $1 billion in real estate projects over the next 10 years, including more than 4,000 new units, the city of Candiac is the centre of residential economic development on the South Shore of Montreal.
70% of all real estate investments on the Couronne Sud will be located in Candiac. It is not surprising that the city had a 52% increase in condominium sales in the last 12 months.**Centris. Last 4 quarters as of December 18, 2018.
No city surpasses Candiac in condominium sales on the South Shore. The city has become so popular that it has experienced a monthly increase of close to 142% above the previous year.
The real estate market in Candiac is experiencing unprecedented growth.
Need proof? With sales growth of more than 40%, the city has even become the leader in residential sales in the Greater Montreal area.*1
While sales are 20 times higher than those of the Greater Montreal market, the increase of the acquisition cost of homes has remained very low at 1.3% in the last 12 months*2. This increase in the median price of its residences is one of the lowest in the area and is four times lower than that of the Greater Montreal market.1* The QFREB Barometer (Quebec Federation of Real Estate Boards), 2nd quarter 2018 2* As of October 2018
Due to sound management of its finances, the City of Candiac has one of the lowest tax rates of comparable surrounding municipalities, which represents substantial savings for its residents.
With 1,800 units, Square Candiac is a POD (Pedestrian-Oriented Development) with construction having begun in 2016. The $600 million investment makes it the second largest residential project in the metropolitan area according to the most recent assessment by the Observatoire du Grand Montréal, which is part of the Montreal Metropolitan Community (MMC).
The design of its public spaces meets several criteria for functionality and sustainable development, in addition to multigenerational needs.
A true living environment built on a human scale, the public spaces of Square Candiac were designed in different sections and will total an area of 22,700 m2, including:
To find out more about Square Candiac: https://squarecandiac.com/en/
Estimated at $500 million and with construction planned for 2019, the TOD Station (Transit-Oriented Development) will consist of 2,400 residences on 113 hectares. It is one of the few innovative demonstration projects selected by the Montreal Metropolitan Community (MMC) to implement the principles of sustainable development.
A TOD is a mid-to-high density real estate development structured around a high-capacity transit station, such as a train station, subway station, Light Rail Service (LRS) station or a bus terminal. Located within walking distance of a major access point of the public transportation network, the TOD is a space that combines active travel, socialization and urban design. Source: Montreal Metropolitan Community (MMC)
To find out more about the TOD Station: https://candiac.ca/fr/106/TOD_de_la_gare (French only)
To find out more about the various TOD projects, please visit the Champs d’Intervention / Aménagement section at www.cmm.qc.ca. (French only)
Are you looking for the best location and time to buy a condominium? Candiac might be a smart choice, as the value of its condominiums has increased by more than 14.6% in the last half of the year. Despite this increase, the median price of its condominiums is at $229,250 and remains affordable. They are notably less expensive than in Montreal ($309,000) or in other nearby municipalities on the South Shore, such as Saint-Lambert ($247,500), Boucherville ($278,000) or Saint-Bruno de Montarville ($282,000).*3* Results October 2018 * April 2018
Do you want to be a tenant but still live in new and modern housing? Several options are available to you, including a complex consisting of 183 contemporary rental units that will open in the summer of 2020, with various services including an indoor pool, a community kitchen and a gym.