Old Montreal (Vieux-Montréal)

Old Montreal (Vieux-Montréal) is the city's founding quarter: cobblestone streets, the soaring Notre-Dame Basilica, the squares of Place Jacques-Cartier and Place d'Armes, the Bonsecours Market and the revitalised Old Port waterfront. Heritage warehouses have become coveted loft conversions and boutique hotels, and the dining, Toqué!, Garde Manger, is among the city's best, giving the district a refined, slightly touristic boutique-luxury character. For investors, Canada's federal foreign-buyer ban (in force, extended to 1 January 2027) bars most non-citizens/non-PRs, with limited exceptions, alongside the Underused Housing Tax. For eligible buyers, Old Montreal is the city's heritage-luxury and boutique short-let address, with strong tourism demand, scarce loft stock and premium prices producing yields of ~3–4.5%. Montreal's short-term-rental rules have tightened (provincial CITQ registration), so confirm any STR is permitted in the specific building before underwriting. Quebec applies no foreign-buyer surtax.

Old Montreal (Vieux-Montréal) in Montreal, Quebec, Canada