Laval, a suburban city located north of Montreal, has become one of the most sought-after areas in the metropolitan region. Known for its family-friendly neighborhoods, excellent amenities, and proximity to the bustling city of Montreal, Laval is experiencing rapid growth. But what does the future hold for real estate in Laval? Several factors, including new developments, infrastructure improvements, and demographic trends, suggest that Laval’s real estate market is poised for continued expansion and transformation in the years to come, and Equipe Sollazzo is here to tell you all about it.
1. New Developments and Neighborhood Growth
Laval’s urban landscape is changing rapidly, with several new developments already underway. The city’s commitment to sustainable growth is evident in the planning of mixed-use communities. These combine residential, commercial, and recreational spaces. The Quartier Laval development, for example, is set to redefine the city’s downtown area. They want to add high-rise buildings, office spaces, retail areas, and green spaces. This project aims to transform Laval into a more dynamic and pedestrian-friendly city, attracting residents and businesses alike.
In addition, Laval’s suburban areas are also seeing growth, particularly in areas like Chomedey and Vimont. These neighborhoods are becoming increasingly popular with young professionals and families, drawn to the affordable housing options and easy access to major highways and public transportation.
2. Transportation Improvements
One of the key drivers of Laval’s future real estate growth is the ongoing improvements to its transportation network. Laval is already well-connected to Montreal, with easy access to the Metro, bus routes, and major highways. However, future expansions to the public transportation system are set to further enhance its appeal. The REM (Réseau express métropolitain), a new light rail project that is expected to launch in 2024, will connect Laval more directly to downtown Montreal and other key areas in the metropolitan region. This increased connectivity will make Laval even more attractive to those who want to live in a quieter, suburban environment while still having easy access to the amenities and job opportunities of Montreal.
Moreover, the ongoing expansion of the Autoroute 13 and Autoroute 15 will improve the flow of traffic in and out of Laval, making it even easier for residents to commute, which is a key factor for potential homebuyers looking for convenient access to Montreal.
3. Rise in Demand for Sustainable Living
As more people become environmentally conscious, there is a growing demand for sustainable living options. Laval is responding to this shift in the market with an increasing number of eco-friendly developments. Green building practices, energy-efficient homes, and renewable energy sources are becoming standard features in new construction projects. Developers are also incorporating green spaces, bike lanes, and eco-conscious amenities to appeal to environmentally aware buyers. This trend is expected to gain momentum in the coming years as both the local government and private developers prioritize sustainability in new developments.
4. A Shift Toward Urbanization
While Laval has traditionally been viewed as a suburban alternative to Montreal, the city is slowly evolving into a more urbanized environment. This shift is driven by a mix of factors, including population growth, the increasing popularity of mixed-use developments, and the desire for a more urban lifestyle with easy access to nature. The growth of downtown Laval, along with the rise of high-density residential buildings, is attracting a younger, more urban-focused demographic.
Conclusion
The future of real estate in Laval is bright. There are new developments in progress as well as transportation improvements, and a growing demand for sustainable living options. As Laval continues to evolve into a more connected community, the real estate market will continue to attract diverse buyers. From young professionals to families and retirees. Whether you’re looking to invest, buy a new home, or simply keep an eye on market trends, Laval is a city to watch in the coming years. Get in early on the opportunity and contact Equipe Sollazzo today to help you with your home-buying or selling needs.
