How will the new Reseau express metropolitain (REM) impact West Island (Montreal) property values

[XavierCP]

Like Don R Campbell wrote in his book "Real Estate Investing in Canada (p. 51)":

When you read an announcement of a major transportation improvement occurring, get off your couch and go check it out. Transportation equals accessibility; accessibility means population inflow; population inflow means higher demand; higher demand equals increased property values and lower vacancies. That’s how simple the formula is.

I think there's a big potential here to invest in properties in West Island of Montreal considering the upcoming Réseau express métropolitain (REM):

https://montrealgazette.com/news/lo...ll-the-rem-impact-west-island-property-values

What do you think?

 

[Mr.Montreal]

It will have a positive impact on prices. A lot of sellers already take the development into account in their sale price but, since the completion of it is still 3-5 years away, you can still take advantage of its effect. However, I would not focus my whole investing strategy around this development. It is simply a plus if the deal I find is near a future REM station.

 

[XavierCP]

It will have a positive impact on prices. A lot of sellers already take the development into account in their sale price but, since the completion of it is still 3-5 years away, you can still take advantage of its effect. However, I would not focus my whole investing strategy around this development. It is simply a plus if the deal I find is near a future REM station.

Thank you Mr.Montreal!
I sent you a private message.
Regards,