Looking to invest in Montreal but the average incomes is not so interesting.

[XavierCP]

Hi REIN forum members,

I started to analyze the average incomes of different cities to find areas that have real estate investment potential.

Demographer and futurist David Baxter, the president of the Urban Futures Institute, has studied population trends and their effect on Canadian real estate markets since 1994. One of his major discoveries has been the direct correlation of income to property values. Simply put, as average incomes increase, real estate values also move upwards. Source: Campbell, Don R.. Real Estate Investing in Canada (p. 45). Wiley. Kindle Edition.

I am looking for a city or town that outperform the provincial and national market in terms of increase in average incomes.

From Statistique Québec and Statistic Canada it seems that Montreal's average income doesn't seem to increase more than the average provincial income.

Should I be looking more in the west of Canada?

Average household revenue in Quebec was $59,822 in 2015, an increase of almost nine per cent since 2005 but quite overshadowed by the 36.5-per-cent jump recorded by Saskatchewan, where average household revenue stood at $75,412 in 2015.
https://montrealgazette.com/news/lo...d-income-lags-behind-rest-of-country-statscan

Does someone can find average household revenues for different cities in Quebec more recent than 2015?

For the whole province of Québec I found this table from Statistique Québec for 2017 Average household revenue in Quebec for workers between 25-64 years old.
http://www.bdso.gouv.qc.ca/disco_la...ff_tertr=2&qp_p_id_tertr=&qp_p_session=638139

 

[5har0n]

With a very quick search I could not find anything more current for major cities or the province of Quebec.

Realtor.ca has information for specific neighbourhoods. For example if you click on the statistics for:
“24 Rue Dubuc
Châteauguay, Quebec
MLS Number: 13442402”
It shows:
“Average Household Income
$88,303”
For the neighbourhood.





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[Tina Myrvang]

With a very quick search I could not find anything more current for major cities or the province of Quebec.

Realtor.ca has information for specific neighbourhoods. For example if you click on the statistics for:
“24 Rue Dubuc
Châteauguay, Quebec
MLS Number: 13442402”
It shows:
“Average Household Income
$88,303”
For the neighbourhood.





Sent from my iPad using myREINspace

Seriously, that's cool, not sure how accurate it is but very cool!!!!

 

[XavierCP]

With a very quick search I could not find anything more current for major cities or the province of Quebec.

Realtor.ca has information for specific neighbourhoods. For example if you click on the statistics for:
“24 Rue Dubuc
Châteauguay, Quebec
MLS Number: 13442402”
It shows:
“Average Household Income
$88,303”
For the neighbourhood.





Sent from my iPad using myREINspace

Hi Sharon9, thank you for your answer!

I am not able to find the statistics on Realtor.ca. I created a new account, searched from their Sitemap etc, no luck.
Is it possible to send me a screenshot how to access the statistics section to find for instance the Average Household Income for a specific neighbourhood?

Thank you

 

[Tina Myrvang]

Hi Sharon9, thank you for your answer!

I am not able to find the statistics on Realtor.ca. I created a new account, searched from their Sitemap etc, no luck.
Is it possible to send me a screenshot how to access the statistics section to find for instance the Average Household Income for a specific neighbourhood?

Thank you

 

[5har0n]

Looks like you found it. This is how I get to it on Realtor.ca through an MLS listing.





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[XavierCP]

Than

View attachment 1902

Thank you Tina but I cannot find it. Are we talking about realtor.ca?
Can you please send me the URL of the page showed on your screenshot?

I tried to make a search operator "site:" on Google to find that page in vain.
I cannot also find it from the website.

Sorry to bother.
Thank you

 

[XavierCP]

Looks like you found it. This is how I get to it on Realtor.ca through an MLS listing.

View attachment 1904
View attachment 1905


Sent from my iPad using myREINspace

Thank you Sharon9, I finally found it by searching for a listing on realtor.ca, I thought there were a section on the website. See screenshot below:

 

[XavierCP]

For my analysis of macro economic forces, I need to find if there is an increase of household income and compare it with the provincial average.

BOTTOM LINE: As people earn and spend more money, values of real estate in that town or city will increase. Focus on towns where income and retail sales are increasing at a higher rate than the provincial average. Don. R. Campbell

Realtor.ca only gives the average household incomes for a specific date.

 

[5har0n]

https://montrealgazette.com/business/incomes-are-rising-in-montreal-where-do-you-fit-in

https://en.m.wikipedia.org/wiki/List_of_Median_household_income_of_cities_in_Canada

Try contacting cities of interest to see if their Economic Development departments have more recent statistics.

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[XavierCP]

https://montrealgazette.com/business/incomes-are-rising-in-montreal-where-do-you-fit-in

https://en.m.wikipedia.org/wiki/List_of_Median_household_income_of_cities_in_Canada

Try contacting cities of interest to see if their Economic Development departments have more recent statistics.

Sent from my iPad using myREINspace

Thank you Sharon9.