Property values have risen an average of about 25 per cent on the island of Montreal, according the city's new valuation rolls.
Montreal's agglomeration council – which represents the city, its boroughs and demerged suburbs – released its 2011-2013 valuation rolls on Wednesday.
The biggest increases are in the Plateau Mont-Royal and South West boroughs, where property values jumped between 30 and 35 per cent.
In Montreal's suburbs, the gains are slightly smaller, with average property values rising anywhere from 11 to 25 percent.
Valuation, or assessment rolls are used to gauge the market value of private property, in order to set a baseline for calculating municipal tax rates.
Overall, multiplexes across the island took on more value than condominiums and single-family dwellings.
The agglomeration council releases its rolls every three years.
Residential property value increases (compared to last assessment roll)
- Baie d'Urfé: 24.4 per cent.
- Beaconsfield: 16.7 per cent.
- Cote-Saint-Luc: 10.5 per cent.
- Dollard-Des-Ormeaux: 18.3 per cent.
- Dorval: 20.3 per cent.
- Hampstead: 16.3 per cent.
- Dorval Island: 60.5 per cent.
- Kirkland: 17.3 per cent.
- Mont-Royal: 19 per cent.
- Montreal East: 23.2 per cent.
- Montreal West: 23.2 per cent.
- Pointe-Claire: 20.1 per cent.
- Senneville: 19.5 per cent.
- Sainte-Ane-de-Bellevue: 23.2 per cent.
- Westmount: 19 per cent.
- Montreal: 25 per cent.