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Montreal Market Outlook Report

Montreal’s economy continues to struggle because of the weakened manufacturing industry. Employment rates, which fell considerably in 2007, have increased marginally in 2008, and real GDP growth for 2008 was the lowest in years. On a more positive note, GDP growth is expected to increase in 2009 and 2010. Continued investment in the local aerospace industry will help offset the impact of the declining manufacturing industry over the next few years. Despite upheavals in the financial markets, the diversity of industries in the Greater Montreal Area (GMA) will help sustain economic stability going forward.

Have a look at our complete overview of the Montreal Market Outlook or review our National Market Outlook for a real estate perspective on cities across the nation.

To access all national reports, please click here.

CB Richard Ellis Québec Limitée

2001 McGill College Avenue
Suite 2000
Montreal, Quebec
H3A 1G1
 
T 514 849 6000
F 514 849 7095

Chartered Real Estate Broker

Brett Miller
Executive Vice President
Regional Managing Director,
Eastern Canada
T 514 849 7165
brett.miller@cbre.com

Last Modified: Wednesday, February 18, 2009
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