It’s hard to pinpoint when exactly Montreal started becoming unaffordable. Like most major social issues, few people initially noticed, until suddenly, everyone did.
Scores of homes were purchased and flipped at inflated rates during the low-interest-rate pandemic buying spree of 2021–2022. Montreal’s Griffintown district, abandoned and dilapidated for decades, now has an abundance of glass condo towers. Young DINKs (dual-income-no-kid couples) walk their dogs along the Lachine Canal.
