Roger-Luc Chayer (Photo : Pixabay)
Decline in Property Values in Ville‑Marie: Causes and Market Impact
Every three years, the City of Montreal publishes its property assessment roll for residential properties, condominiums, and commercial buildings. Each year, Montrealers often face higher property values, leading to increased municipal taxes and numerous appeals.
In 2025, however, residents and property owners in the Ville‑Marie borough, which includes the Gay Village, are confronted with a surprise: residential property values have dropped, while downtown commercial buildings have seen an average decline of 10%. This sharp decrease has sparked public outrage and could result in legal actions against the City of Montreal.
Why Property Values Are Dropping in Ville‑Marie
Beyond the pandemic’s impact, the decline is mainly linked to local factors. A high number of vacant office buildings limits growth in market value, affecting overall property assessments.
The neighborhood’s image also heavily influences buyers and investors. The presence of social issues, including homelessness, drug use, filth, and antisocial behavior, makes the area appear less attractive. This perception lowers demand for residential and commercial properties in Ville‑Marie and exerts downward pressure on market values.
Infrastructure and Urban Management Challenges
Street closures, continuous traffic pattern changes, ongoing construction, obstacles for businesses, orange cones, ghost construction sites, overflowing trash bins, and homeless encampments discourage new buyers and investors.
The situation is compounded by hundreds of vacant rental condos, which increase market pressure and further reduce property values in Ville‑Marie.
Municipal Elections: A Chance for Change
On November 2, 2025, Montrealers will have the opportunity to voice their opinion on the city’s and boroughs’ management. A new municipal administration could revitalize Ville‑Marie, improve urban planning, and help stabilize or increase property values.
It’s time to act. To the polls, citizens!
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who do I vote for too clean up this disaster
Hi Darren, that would be your choice:)