Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
A house for sale in Montreal. (Christinne Muschi For The Globe and Mail)
A house for sale in Montreal. (Christinne Muschi For The Globe and Mail)

Foreign buyers aren’t harming Montreal housing market: National Bank CEO Add to ...

Subscribers Only

Foreigners are snapping up more real estate in the Montreal area, but the top executive of National Bank of Canada says supply and demand for housing are still “in balance” in the country’s second-largest city.

Chief executive officer Louis Vachon said Friday non-resident buyers are gravitating to three upscale or Anglophone neighbourhoods in and around Montreal: Mount Royal, the affluent enclave of Westmount and the West Island.

Report Typo/Error

Follow on Twitter: @chris_pelle

Also on The Globe and Mail

Foreign buyer tax, expanded rent control in Ontario housing plan (The Canadian Press)

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular