SKYMTL

Jamais acheter de DEVIMCO! JAMAIS JAMAIS.

 

NEVER BUY FROM DEVIMCO THEY ARE TERRIBLE BUILDERS.

 

I'm ready to sell and buy from Prevel...!!!

Care to expand on that?

To me I believe this will be partially a communal office space like Fabrik8 or WeWork. Those solutions are increasingly being used by young online entrepreneurs and meshes well with the demographics of this area of town.

I declare it the most beautiful modern tower in Montreal

Seconded! 100%!

Under which basis is Montreal going up so much? Which major financial deals or activities have grown in Montreal recently such that this is an accurate indicator?

The ranking has nothing to do with deals but rather takes into account things like access to skilled labor, the business environment for financial companies and some other areas where Montreal and Canadian cities as a whole excel relative to their size.

A coalition of union groups has asked the National Assembly to create a parliamentary committee to examine this massive plan altering public transit in Montreal.

The group calls itself "Trainsparence" and is denouncing the speed with with the project is advancing.

Are you freaking kidding me? ANOTHER committee? Are these folks serious?

Aedifica should be bloody well ashamed of themselves.

Excavation begins for second 50-storey Canadiens condo tower | Montreal Gazette

Interesting point:

He added that, contrary to what some people expected, virtually all buyers in Tour 1 were local. In Tour 2, they represent about 95 per cent of buyers so far.

So much for those "foreign buyers" everyone was speculating about.

Un tel investissement veut clairement dire que des embauches supplémentaires auront lieu. Seulement à Montréal voit on un tel désir de minimiser les bonnes nouvelles. C'est pas révolutionnaire comme nouvelle, mais c'est un pas dans la bonne direction.

My uncle is already working on this project through Sidel. They RE-hired a few drafting people and installers after layoffs earlier this year.

Only in Montreal do we make a big deal about rehiring people that were just laid off (Bombardier anyone?).

I see all the piggies are lining up at the trough.

This? Labatt investit 46 millions dans une ligne de canettes

 

Labatt investit 46 millions dans une ligne de canettes | Andre Dubuc | Agroalimentaire

No. The jobs are already here. Tetra's Laval-based Sidel division takes care of Molson, Labatt and Coors bottling lines: Sidel - A Better Match

There were survey crews just west of Saint Charles on Friday and again this morning. Also a number of vehicles with drilling machinery in the forseted area next to Fairview.

Looks like things are moving forward slowly but surely.

The stop next to Fairview will be a great boost for the Quartier Evolution!

Wow, an active retirement home that doesn't look like a communist block!

There's always a few idiots who want to make political gains or grab headlines, even if a project is great for their populace. We are now seeing some....

The answer to that is: Absolutely. Take a look at Ericsson's new $1.3 billion datacenter in Vaudreuil, Amazon's new AWS facility and Stratacache's expansion.

Everyone talks about taxes but let me tell you another story based on personal experience. Basically, it all boils down to WHAT you expect / need from society based upon your situation.

One of my best friends was transferred by Manulife from Waterloo to Montreal last year. The debate about take-home salary versus end of year expenses for basic needs came up since, while he lived in Ontario when he was a young professional, he now has two young kids and a third on the way.

As a young professional, especially one who may want to start your own company, Montreal and Quebec in general has a long way to go when it comes to appealing to startups. The red tape, taxes (both personal and professional), forms, government intervention and so on can be oppressive, specifically if you aren't bilingual but even uni-lingual French speakers have a very hard time starting their business.

In addition, those high taxes lead to the point he brought up:

Taxing single professionals making good salaries at an abhorrently high levels (this goes for BOTH Canada and Quebec, though the latter is particularly bad) funds generous social programs that come in handy down the road when those same professionals start having families. While his take-home salary is quite a bit lower now -even though pre-tax his salary hasn't changed- the amount he's left with at the end of the month has increased dramatically after daycare, medications and other partially government-funded programs are taken into account.

Its ironic this was brought up since the Canadian Payroll Association just published a study (PDF!!!!) showing Quebec has the LEAST number of households living from paycheck to paycheck.

The situation is very much yin / yang depending on your situation.

Sorry, THAT'S the presentation for a $40 million project? Are you kidding me? One that's only supposed to last for a decade?

This 375th anniversary is becoming very typically Montreal: a case study in excess spending for minimal returns.

Interesting aspect here.

Typically limited supply + high demand = price increases. Toronto has seen this happen on a massive sale. Hence, their upwards spiraling prices and never-ending building boom.

In Montreal it looks like we have plenty of supply based on the pure number of properties available and less demand (that last sentence is particularly interesting) and yet we are seeing record increases. It makes me wonder if we're seeing a statistical oddity or that "record" is simply a return to some semblance of normalcy for a Canadian metropolitan area of Montreal's size.

It seems like +/- 10% is the Canadian average this year so we're right in line with much of the remainder of the country...even though its a 5-year record for us.

By killing the large parking lot at the Ste Anne's station north of the 40 and using it as an "arrivals" stop they've just given the middle finger to everyone living off the western tip of the island. Really horrible news for us folks who would have used that stop to park and then get into town. Public transport options between Kirkland and Vaudreuil are simply non-existent and this doesn't help at all. Let's all wait for the complaints of chronic over-crowding at that Kirkland stop's parking lot in.....5, 4, 3, 2.....

Another thing I don't understand is why these folks seem confused about adding more parking to some existing stations. NOT ONE has a multi-level lot, an approach that should be a no-brainer for a company looking to boost ridership. Charge $5 per day with spots for 2,000 cars; That's $10K per day, $2.6 million per year. ROI on the structure would be what? 3 years at most?

Isn't this a demolition of the facade?

They were required to put a minimum number of windows on the podium's West side since it is next to a residential tower (YUL #2). Once / if that second tower is built, it won't be apparent at all.

Bunch of idiots.

I still fail to understand why they needed to completely nuke and pave a GREEN space.....horrible.

Seems like the Holiday Inn next to YUL is missing from those renderings.

A real estate investor... professionnally? Or you just bought some shares in a trust? Because, of the reasons you've outlined, only the infrastructure one seems "fair-ish", but then again, it depends where you're buying in Montréal.

 

Property taxes are much higher in Regina (13.69$ for every 1,000$ of assestment) and Halifax (12.11$ for every 1,000$ of assestment) than they are for Montréal (8.27$ for every 1,000$ of assestmemt).

 

As for the political insecurity... we've had a libreral government for 13 of the last 14 years.

Neither professionally nor through a trust. More of a retirement vehicle and something we do as a hobby.

Overall property taxes are actually (school, water, etc.) are actually lower once credits and other elements are factored into the equation. Regina has an extremely generous tax credit for people buying or building rental units. Halifax on the other hand will vary quite wildly for taxes from "Halifax proper" to its outlying communities like Bedford with many having specific rebates in place for things like recent eco-friendly renovations, in-line water heaters, green space, etc. The trick in those cities is to find properties with the right mix of tax "shelters" and suddenly you have extremely low property taxes.

As for the political instability, for the last few years it has been extremely stable but there is still that umbrella of potential investor threat that lies over the province. It is surely diminished but we still haven't been able to shake it after all these decades.

Correct to all points. As a real estate investor myself, I have largely avoided Montreal and will continue to do so. There's just too many questions over the political situation, upwards spiraling taxes, infrastructure concerns, etc. to effectively make this city a possibility

While I hold a few small properties here, right now Halifax and Regina are where the smart money is going. Hugely undervalued markets; Halifax due to the thousands of skilled workers that will be needed for the upcoming Canadian Navy procurements through the 2030's and Regina due to their diversified mining, energy and agriculture sectors that have weathered the economic downturn quite well.