Gotti

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À propos de Gotti

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  • Biography
    Jeune professional de finance. Ne a Montreal est passione de architecture.
  • Location
    Vieux Montreal
  • Intérêts
    Finance, sports, plages
  • Occupation
    Fusions et acquisition

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  1. Gotti

    Le marché immobilier poursuit sa remontée

    Montreal housing market close to overheating: CMHC This is the seventh straight quarter where the sales-to-new listings ratio has risen. JACOB SEREBRIN, MONTREAL GAZETTE Updated: July 26, 2018 The active listings-to-sales ratio for single-family homes decreased — pushing those properties farther into a seller's market. MARCOS TOWNSEND / MONREAL GAZETTE FILES SHAREADJUSTCOMMENTPRINT Montreal’s housing market is close to the threshold for being considered “overheated,” according to a new report by The Canadian Mortgage and Housing Corporation. However, it still faces a low degree of vulnerability to market instability. The seasonally adjusted sales-to-new listings ratio was slightly below 69 per cent during the three-month period ended on March 2018, the Crown corporation said in its quarterly Housing Market Assessment. The threshold for overheating is a sales-to-new listings ratio of 70 per cent. This is the seventh straight quarter where the sales-to-new listings ratio has risen. The active listings-to-sales ratio for single-family homes decreased — pushing those properties farther into a seller’s market. That was particularly true in the West Island, Sud-Ouest, Notre-Dame-de-Grâce, Île-des-Soeurs and most of the central districts of Montreal Island, the CMHC said. While condos are currently on the line between a balanced market and a seller’s market, those properties are likely to move into sellers’ market territory during the next quarter. However, that varies from area to area. In Laval, for example, a buyer’s market exists for condos, while in some central areas of the city of Montreal, conditions are more favourable to sellers. The CMHC said the evidence of accelerating price growth remains weak. However, in some areas, single-family home prices are growing faster than a year ago. The same situation exists for condos in a couple of neighbourhoods. “Housing prices continue to increase rapidly in certain neighbourhoods. If this strong increase was to last, accelerating price growth could be reported in a future Housing Market Assessment,” Bob Dugan, the CMHC’s chief economist, said on a conference call with journalists. “There are some neighbourhoods where the situation is tighter, for example, in the West Island or N.D.G. sectors, for some types of housing,” said Lukas Jasmin-Tucci, a senior market analyst with the CMHC. “We know that in those neighbourhoods, a buyer might adjust their behaviour, maybe waiting for a different time for their purchase or changing neighbourhoods, changing the type of homes they’re looking at.” However, he said, the CMHC doesn’t assess market vulnerability at the neighbourhood level, just across the entire region. “On some indicators, there’s a clear trend, we might change from low signs of vulnerability to moderate, but then again, those signs need to be significant and persistent,” Jasmin-Tucci said. The CMHC said price increases were in line with population and economic growth. “Even though prices increased, they did so in a context of strengthening fundamentals,” the report reads. There was negligible evidence of overbuilding, the CMHC said. jserebrin@postmedia.com https://montrealgazette.com/business/local-business/montreal-housing-market-close-to-overheating-cmhc
  2. Gotti

    Place Montréal trust maintenant Maison Astral

    Quatrième alarme! https://twitter.com/MTL_SIM/status/1017882811120934912
  3. Gotti

    2025 Peel - 23 étages

    Progrès.
  4. Gotti

    2025 Peel - 23 étages

    Ce matin. Photo prise sur la rue Metcalfe.
  5. Gotti

    Hôtel Birks

    Photos ici. https://www.retail-insider.com/retail-insider/2018/6/birks-reopens-overhauled-montreal-flagship
  6. Gotti

    Victoria sur le Parc - 56 étages

    Just saw an ad in my building's elevator corroborating this. "Mise en vente automne 2018"
  7. Many cities have good ferry service. New York City, Sydney (Australia), Seattle, etc. It's definitely a possible part of Montreal's congestion solution. Let's hope the pilot is successful.
  8. Gotti

    Expos coming back?

    I really think that Minnesota is the best comparable for Montreal. Climate-wise and population-wise: Minnesota has slightly better springs (April) and the Greater Montreal Region is slightly more populous. The Twins play at Target Field. In 2010, it was voted the best stadium in America. Take a look at the below article from their SB fan site. If no roof works in Minny, why can't it work here? https://www.twinkietown.com/2018/4/15/17239980/the-minnesota-twins-do-not-need-a-roof-target-field-us-bank-stadium-snow-april-postponed-white-sox The Minnesota Twins do not need a roof Our summers are beautiful, there are too many logistical issues with moving to US Bank Stadium, and above all else, stop Minnesota-splaining to us. The Twins were supposed to complete a four-game set with the Chicago White Sox today, but instead the two teams stayed cooped up in their respective homes or hotel rooms as they were snowed out for the third consecutive day. This has led to a ton of people - both inside and outside of Minnesota - crying that it was dumb that we built a ballpark that didn’t come with a roof. Before you start your inhale to make a similar comment or you crack your knuckles in anticipation of firing your next tweet through the Internet... just stop. Target Field is perfect the way it is and nothing you say is going to change that. Every single time there’s a rainout, people complain because we used to have the Metrodome. Rain or shine, you could count on the game being played in the Dome (unless the roof collapsed) and everyone was happy. Except, well, we weren’t. The Dome was ugly. We had to crane our necks because home plate was 70° off to the side. Fly balls were lost in the white roof and ground balls bounced over defenders or raced past them at breakneck speed. It was not a pleasant experience for anyone involved, unless you came from North Dakota, because at least your trip to the Twin Cities to see the Twins came to fruition because you were able to watch the Twins. Though there were discussions to put a retractable roof on the new ballpark, it was ultimately decided that it would be an open-air stadium. The space where Target Field was built used to be a parking lot, meaning the ballpark had to be tiny. (Source: www.twinsballpark2010.com) If you go on a tour of Target Field, you’ll likely be told that the ballpark was built like a mushroom cloud; it started small at the bottom and expanded out as you went up. Target Plaza, the walkway that connects Target Field to the Timberwolves’ Target Center, sits atop 394. Building a retractable roof not only was going to cost more money, it was going to take up even more space as well. It might seem odd that I went with the HOK artist’s rendering as the “after” photo rather than an actual picture of Target Field, but that’s because we all agreed on one thing: you have to see the view from behind home plate and/or down the 3rd base line. (www.ballparksofbaseball.com) (www.shortstorysnapshots.wordpress.com) (Star Tribune) (Sue Vruno Photography) Additionally, ESPN The Magazine ranked Target Field in 2010 as being the #1 stadium experience. Minnesota is getting unfair criticism because of an historic snowstorm in April, one that is nearing the state record for snowfall in April. Target Field was built without a roof because the average high temperature in April is 58°F and the average high temperature in September is 72°F, plus it should be blatantly obvious that it’s warmer here during the summer months. True, we average 3 inches of snow in April, but why would we demand a roof on a baseball stadium if the average low in April doesn’t even reach freezing temperatures (37°F)? PS: Saturday, the Chicago Cubs and Atlanta Braves played when it was 38°F with drizzling rain and wind gusts of 24 MPH, plus Sunday’s game was cancelled due to inclement weather. I doubt anyone will cry that the Cubs need a roof on Wrigley Field. Returning to the Twins, part of the criticism also stems from our awareness of the successor to the Metrodome, which is US Bank Stadium. The new home of the Minnesota Vikings, it did keep a Metrodome feature in that it could be used for both football and baseball. The baseball accommodations weren’t for the Twins though, but rather the Minnesota Gophers collegiate baseball team. Hence, it seems clear that in inclement weather, the Twins and their fans could just truck over to US Bank Stadium to play their game(s). Unfortunately, this ignores several important issues. First, although the Gophers play in US Bank Stadium, it is not a good baseball field. View image on Twitter Twitter Ads info and privacy Myjah has already covered that the Dome was better for playing baseball. Without arguing her same points, I want to point out the following: a) There are no real dugouts. b) As you can see in the picture above, the infield is all turf rather than having dirt basepaths. c) The dimensions are comical as it’s 381 feet to straightaway center and only 301 feet down the right field line. For comparison, Angel Stadium and Petco Park both have the closest center field fences at 396 feet, while Fenway Park has the closest right field distance at 302 feet (though it quickly juts out to 380 feet). In other words, US Bank Stadium would likely be the smallest field in the majors. That takes care of why the game itself would suffer at US Bank Stadium. Next, there are plenty of logistical issues. Seats in Target Field do not fully correspond to seats in US Bank Stadium. Ticketholders in the Legends or Champions Clubs are expecting to enjoy a game in the Legends or Champions Club. Does the Twins gameday staff follow the team to US Bank Stadium or do the Vikings/Gophers get to use their gameday staff? If the Twins bring their staff over, the staff has to be trained on how to direct fans and navigate the stadium themselves. Delaware North Company (the company in charge of Target Field’s concessions) and their employees will be upset that they miss out on a home game. The list can go on and on and on. Although MLB has moved games to other cities before, the difference was that all of those were moved to other existing MLB stadiums. I doubt MLB would sign off on the Twins and White Sox playing their three games unless they had moved to Miller Park in Milwaukee. Edit: I’ve seen arguments as to why the Vikings put a roof on US Bank Stadium while the Twins did not. It’s simple, the state wanted a stadium that could be used for more than just 8-10 football games a season. Large concerts, motocross and monster truck rallies, the state high school football tournament, etc. can all be held at US Bank Stadium thanks to the roof. It was not as critical for Target Field because it was smaller, it would be used at least 81 times each summer, and Target Center was right next door anyway. Long story short, there’s a lot of vocal people that wish that the Twins had a roof or another home. I’m choosing to be vocal in response, that we were hit with a rare snowstorm, Target Field is perfect the way it is, and there are too many issues with moving a game over to US Bank Stadium. And for you non-Minnesotans that think you know what we should have done, I want to hear your complaints about your own teams the next time they lose a game to the weather. You know damn well why some ballparks are built without a roof. We know why as well.
  9. À la une de Bloomberg Canada Montreal Is Canada’s Next Hot Housing Market By Sandrine Rastello and Natalie Wong May 4, 2018, 7:00 AM EDT Jobs growth, falling inventory put pressure on prices Chinese emerging as new buyers in still-affordable city Montreal’s housing market is finally getting on the map. An economic revival in Canada’s second-biggest city is fueling a real-estate renaissance, speeding up sales, shrinking inventories, and luring foreign buyers. More stringent lending rules have curbed transactions and slowed price growth in Toronto but have had little effect on Montreal, where buyers are flocking to new condos and sellers are gaining the upper hand. The trend continued in April, as home sales rose 10 percent from a year earlier. By contrast, Toronto posted its weakest sales for the month in 15 years, while activity in Vancouver fell 27 percent, even as prices in both markets were stable. Montreal’s rebirth is showing in ways big and small. Devimco Immobilier Inc., a developer that sold a record1,180 condos downtown last year, is moving up two towers because of high demand, with calls coming in from as far away as China, special adviser Marco Fontaine said in a phone interview. Montreal, long the “neglected child” at Canadian real-estate conferences, is now a topic of discussion, he said. “There’s an incredible buzz,” Fontaine said in a phone interview. “We’re much cheaper than Toronto and Vancouver and that’s attracting a lot of interest.” Economic Driver The biggest drive is economics. According to think tank Institut du Quebec, Montreal added more jobs in 2016-17 than in the previous eight years, with companies including Amazon.com Inc. and International Business Machines Corp. opening new data and tech centers. The city, where both French and English can be heard on the street, is also growing into an artificial intelligence hub that’s home to Thales SA and Facebook Inc. research labs. Analysts don’t see signs of overheating yet. Houses in the city, which is known for a vibrant food and cultural scene and universities such as McGill and Universite de Montreal, are still a bargain compared with the country’s most expensive markets. At C$317,000 ($246,673), the median detached house price for the greater Montreal region compares with C$870,000 in Toronto and C$1.4 million in Vancouver, according to the local real estate boards. Still, the number of properties that sold for more than C$1 million grew 20 percent last year according to Sotheby’s International Realty, which expects Montreal to lead major cities in the luxury market segment this spring. Growth for both benchmark prices and the number of transactions in the resale market has outpaced Toronto’s this year. And pressure on prices -- which rose 7 percent for houses and 3 percent for condos last year -- is set to creep up, the Canada Mortgage & Housing Corp. said in a report last week. “Demand is strong and the number of properties for resale is down, so market conditions are getting tighter,” CMHC analyst Francis Cortellino said in a phone interview. “The Montreal market is very dynamic at the moment.” Daniel Cholewa, who as chief executive officer of Keller Williams Urbain in downtown Montreal oversees a network of more than 100 brokers, says transactions in the first quarter were up 45 percent from a year ago, the best market he’s seen since entering the business a decade ago. Stories of bidding wars and 48-hour sales are becoming more frequent, he said. “The market has been so stagnant and has been such a buyers’ market for so long here that growth is natural and it’s necessary,” he said in a phone interview. “The fact that this has been happening is a really good thing.” Space Limits The lack of building space on the island of Montreal is making detached homes a rarer find and will underpin a 5 percent increase in prices this year, Paul Cardinal, market analysis manager at the Quebec Federation of Real Estate Boards. Condo prices will rise a more modest 3 percent on average, though they are already up by more than 10 percent this year in some neighborhoods, including in several suburbs off the island, he said. There’s also evidence that foreign buyers, now the target of a tax in Ontario and British Columbia, are taking a keener interest in Quebec’s biggest city. They owned 1.7 percent of condos in Montreal last year, up from 1.1 percent in 2016, according to CMHC data. That’s getting closer to Toronto’s 2.5 percent and Vancouver’s 2.2 percent. Chinese buyers, who can fly direct from Beijing and Shanghai, have emerged as the third-largest group by nationality after the U.S. and France, accounting for 16 percent of transactions in the province in 2017, from just 1.3 percent a decade earlier, according to Quebec budget documents. Foreign capital moved east from Vancouver to Toronto, “and now you’re starting to see some of that capital floating into Montreal,” Cameron Goodnough, CEO of Timbercreek Financial Corp., said in an interview. Mandarin Please The industry has been quick to adjust. Engel & Volkers Montreal now has seven mandarin-speaking brokers, after hiring the first one in late 2015, owner Debby Doktorczyksaid in an interview. Foreign demand “is getting stronger and stronger,” said Doktorczyk. “The Asia market has now taken a space it didn’t have just two years ago.” . People are signing up for new condos faster than they used to, cutting the number of sales events developers and brokers need to put up. Long gone are the days when a glut of condos was giving buyers the power to ask for parking or appliances, Shirley said. “I say good luck to potential buyers showing up at a sales office today to negotiate anything,” he said. “That’s over.” https://www.bloomberg.com/news/articles/2018-05-04/-neglected-child-no-more-montreal-is-next-hot-housing-market
  10. Gotti

    Le Drummond - 2x24 étages

    Il y'a des grosses affiches sur le chantier qui annoncent le Phase II à 50% vendu.
  11. Gotti

    Royalmount "Quinze40"

    At the end of the day it's the consumer that decides. Despite so many people being against everything that WalMart (or now Amazon) stands for, these companies are successful because people want the low prices they offer. WalMart emptied the main street of countless towns and STILL people shopped there even while railing against the evil corporation. Both this project and CDPQ's downtown investments could be successful or failures. They key is how the market (the consumer) responds. It's up to the merchants and owners of the Centre Eaton or Royal-Mount to offer a superior value proposition to their market. If they don't, they will fail. While city planning and red-tape can greatly encourage or discourage certain behaviours the all mighty consumer will ultimately determine the successful model(s). I say good luck to both - they will likely need it!
  12. Gotti

    Le Smith - 26 étages

    As someone who lives in Montréal but spends a lot of time in Toronto I agree with Ousb. While the Financial/Bay Street area might close down at night (except for those pulling all-nighters in their office), the rest of downtown, be it a few blocks east, west or north, is extremely lively. The combination of density (many high-rise condos have been built over the past 15 years - with more coming all the time) and entertainment venues ensures that people are looking to go out: to a restaurant, a bar, a gym/studio, etc. Honestly, there is an energy that comes from all the people that is definitely lacking in downtown Montréal. As much as it pains me to say it, Toronto's core has a virtuous circle of population density that attracts services that attracts more people that attracts more services that is all supported by strong job growth and good salaries. While we don't need to model ourselves on their development, we should leave the stereotypes of boring, WASPY Toronto in the past and recognize it for what it is today: A cosmopolitan metropolis with a heck of a lot going on.
  13. That's the problem. What constitutes a "reason" to intervene is different to everyone. I think that the only way this power should be bestowed upon city hall is if there are clear guidelines as to when they should be used. Unfortunately, clear guidelines will never be announced precisely because housing is such an emotive issue. For example, many voters believe that Montreal real estate prices are too high because they can't afford what they want to buy. So in their minds, this tax should be in place already. Those on this forum, wanting to see urban development, don't want the tax because the more foreigners in high density areas the more high rises will be constructed. Some are already saying it should only be put in place when Montreal reaches Toronto levels. There are as many opinions as people... Having PM and Plante in charge of deciding when to implement a tax is dangerous for real estate development. Given their ideological background and left wing roots, they are likely to go the vote pleasing way of "affordability for all." Such a decision will negatively affect large scale real estate development.
  14. Gotti

    Canadiens de Montréal

    Except the Als won a championship or two with Calvillo. Nothing and less than nothing for our Habs.