History of TOWN-OF-MOUNT-ROYAL
True model city , Town of Mount Royal was born of an initiative of the Canadian Northern Railway (now part of Canadian National) , who wanted to establish an ideal city north of Mount Royal and profitable digging the tunnel under Mount Royal .
Begun in 1910 under the leadership of Sir William Mackenzie and Sir Donald Mann, owners of Canadian National, the residential project of the City of Mont- Royal is inspired by that of Washington, DC (United States), two boulevards intersecting diagonally in a central green space. It is designed along the lines of the garden city of Ebenezer Howard, with a touch of the way City Beautiful.
The city was officially incorporated Dec. 21, 1912.
At the time, the residential development is conducted in conjunction with the construction of a tunnel under Mount Royal, which allows a direct rail link between the new town and downtown Montreal. The first passenger train engages the rails 21 October 1918.
Newly connected to downtown Montreal via a tunnel of 5.3 km, the Town of Mount Royal sees his property value increase significantly.
The city takes its real economic growth in the 50s when industries are being set up in the industrial sector. In the aftermath, the Metropolitan Expressway and HWY take over the Côte -de- Liesse, residential construction starts on a former golf course and rue Jean -Talon is extended between the paths of Côte-des- Neiges and Canora.
On 1 January 2002, the Town of Mount Royal was merged with Montreal in an Act of the Government of Québec. Then its demerger is effective January 1, 2006, but the new town of Mont -Royal has reduced powers.
On 11 April 2008, the model city designed by Todd in 1914 is designated a national historic site.
(Source: Wikipedia )
STATISTICS OF RESIDENTIAL PROPERTIES FOR SALE TOWN-OF-MOUNT-ROYAL
SINGLE FAMILY HOUSE FOR SALE TOWN-OF-MOUNT-ROYAL
| 3rd Quarter 2013 | Last 4 Quarters | Past 5 years(1) | |||
|---|---|---|---|---|---|
| Sales | 8 | ** | 10 % | ||
| Active Listings | 27 | ** | ** | ||
| Median Price | ** | ** | 1192500$ | -3 % | 32 % |
| Average Days (Days) | ** | ** | 73 | -7 | |
CONDO FOR SALE TOWN-OF-MOUNT-ROYAL
| 3rd Quarter 2013 | Last 4 Quarters | Past 5 years(1) | |||
|---|---|---|---|---|---|
| Sales | 31 | 11 % | -18 % | ||
| Active Listings | 82 | 50 % | 37 % | ||
| Median Price | 438600 $ | 12 % | 437800 $ | 6 % | 25 % |
| Average Days (Days) | 114 | 56 | 84 | 31 | |
DUPLEX TRIPEX QUADRUPLEX AND FIVEPLEX FOR SALE TOWN-OF-MOUNT-ROYAL
| 3rd Quarter 2013 | Last 4 Quarters | Past 5 years(1) | |||
|---|---|---|---|---|---|
| Sales | 0 | ** | ** | ||
| Active Listings | 7 | ** | ** | ||
| Median Price | ** | ** | ** | ** | ** |
| Average Days (Days) | ** | ** | ** | ** | |
(Source : Centris.ca & FCIQ par Centris ® )(ref 1 inclus : Outremont, TOWN-OF-MOUNT-ROYAL, Hampstead, Westmount, Montreal-West)
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