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MARKET ANALYSIS

Mercier-Hochelaga-Maisonneuve Real Estate Market 2026

Condos ~20% below the Plateau, growing plex demand, commercial revitalization. Complete analysis for buyers and investors.

📅 March 2026⏱️ 10 min read📊 QPAREB Data

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Mercier-Hochelaga-Maisonneuve (MHM) is one of Montreal’s most dynamic neighbourhoods in 2026. With prices still 20% below Rosemont and 5 metro stations, the area attracts both first-time buyers and investors. Here’s the complete analysis.

🏗️ MHM in 2026: A Neighbourhood in Transformation

MHM is undergoing profound change: new construction along Ontario Street, revitalization of Maisonneuve Market, arrival of quality shops and cafés. The neighbourhood retains its working-class character while modernizing.

💡 Did you know? MHM is Montreal’s 3rd most populous borough with over 136,000 residents. The density and rental demand make it an ideal area for plex investment.

💰 Median Prices by Property Type

~$428K

Condo (median price)

15-18x

Plex GRM (income ratio)

-20%

Below Plateau Mont-Royal

🏠 Why Buyers Are Interested in MHM

1. 💰 Accessible prices — 20% below Rosemont, comparable to Verdun

2. 🚇 5 metro stations — Pie-IX, Viau, Assomption, Cadillac, Langelier

3. 🏗️ Revitalization — New shops, restaurants, green spaces

4. 🏢 Property diversity — Condos, plexes, townhouses

📈 Plex Investment Opportunities

MHM is one of the last central Montreal neighbourhoods where plexes offer attractive returns. Rental demand is strong and vacancy rates are very low.

✅ Advantages

Attractive GRM (15-18x)

Strong rental demand

Appreciation potential

⚠️ Consider

Building inspection essential

Verify TAL and leases

Renovation work possible

🔮 2026–2027 Outlook

1. 📈 Moderate price growth — +3 to 5% expected in 2026

2. 🚇 Pie-IX BRT — The bus rapid transit improves north-south access

3. 🏗️ New projects — New construction attracts a new clientele

4. 📊 Closing the gap — The price gap with Rosemont should continue to narrow

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