Montreal’s new LRT to upend real estate market

Posted : June 19, 2018

After years of preparation, work has finally begun on the new $6.3-billion light-rail transit system for the Greater Montreal Area.

Dubbed the Réseau express métropolitain – or REM – the 26-station, 67-kilometre electric rail network is being touted as the city’s biggest public transit project in 50 years.

It’s an ambitious undertaking that has major implications not only for the movement of people along new commuter lines linking the South Shore, the downtown, the airport and the West Island and North Shore.

The REM – billed as the fourth largest LRT in the world, after Singapore, Dubai and Vancouver – will also likely have an impact on land use and real estate development.

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Montreal’s new LRT to upend real estate market
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