When buying or selling a home, one of the most important factors that influences price is location. In Montreal and surrounding areas, being close to public transit especially the REM and metro has a direct impact on property value.
Convenience for Daily Life
Homes near the REM and metro are in high demand because they make daily life easier. Whether it’s commuting to work, going to school, or simply avoiding traffic, access to reliable public transportation saves people time and stress. Buyers are often willing to pay more for that convenience.
Attracting More Buyers
Properties within walking distance to a station usually attract a larger pool of potential buyers. Young professionals, students, and families alike often prioritize access to public transit. This larger demand typically results in higher selling prices compared to similar homes farther away.
Rental Market Advantage
For investors, being close to the REM or metro means higher rental potential. Tenants often look for quick and affordable ways to get around, so rental properties near stations tend to rent faster and at better rates.
Long-Term Value Growth
Transit projects like the REM not only increase current values, they also strengthen long-term growth. As new stations open and communities develop around them, property prices in those areas often rise faster than in neighborhoods without direct transit access.
Things to Keep in Mind
While being near a station is usually positive, there can be exceptions. Homes right next to tracks may face noise or higher foot traffic. Buyers should weigh convenience against these possible downsides.
In short, proximity to the REM and metro generally increases property value by boosting demand, rental potential, and long-term growth. Whether you’re a buyer, seller, or investor, considering how close a property is to transit can make a big difference in your real estate decisions.
