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.

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