joie05

On 2018-12-07 at 8:32 AM, acpnc said:

C'est la nature même de l'industrie de devoir se plier à une foule d'impondérables. Entendu que chaque étape de construction fait souvent appel à un contrat différent et à de nouvelles entreprises sous-traitantes. Le contracteur est aussi soumis à la disponibilité des matériaux, tout autant qu'à des difficultés de toutes sortes qui peuvent survenir en cours de route.

Ce qui confirme que les constructeurs sérieux n'avanceront jamais plus qu'une estimation approximative de la fin d'un chantier. Bien sûr elle pourra se préciser à mesure de l'avancement des travaux. Mais il se gardera toujours une marge de manoeuvre pour se protéger contre les imprévus et d'éventuelles poursuites de clients impatients.

Exactement.

The developer has not chosen the general contractor yet. They are still going through the bidding process.

What I heard was that they originally planned 2 blocks of townhouses to sale but eventually opened up 4 blocks and will deliver all 4 blocks at the same time in 2021 with the condos instead of in 2020 before the condos.

I was wondering about the delivery date too but the sales representatives (Yohan and Emily both super nice) insisted it’s in spring-summer 2020 so we’ll see.

Doesn’t bother us though since there will be construction going on anyway after the first phase is delivered.

On 2018-11-16 at 2:37 PM, saren_p said:

I purchased a town house in this project, crossing my fingers it turns out to be good. I researched the developer and they seem to be involved in great looking projects (across Canada, mainly Toronto). The location is what lured me in, I don't live far so I'm well aware of the area and while there's traffic the location does make it easier to hop in and out of 2 major highways. Ohh, there's also 3 metro's near by if need be. A real estate agent who doesn't have any affiliation with the project was optimistic about the project as a) he expects the developer to deliver a great project since it's their entry into Montreal and b) they still have 3 other phases to sell.

That being said.. I couldn't believe how crazy it was on last Thursday night (friends and family event), it was legit a frenzy. I had never seen anything like that before. By Sunday they had sold out all of the town houses. Initially they were planning on selling only 2 blocks of town houses (14 units in each block), by Sunday they had sold 4 blocks. Blocks 5 and 6 will be the final town house blocks and from what I hear the prices are going to be higher, as expected I guess.

There was clearly demand to buy, there were a ton of Asians. I know the statistics of foreign Asian buyers is very low in Montreal but my god 95% of the buyers on Thursday night were Asian. I'm not exaggerating. Kinda makes you wonder how the percentage of foreign Asian buyers is so low in monthly real estate reports.

Please explain your theory as to why the bubble is ready to burst. Are you specifically saying in Montreal or across Canada. From my understanding, and you can correct me if I'm wrong, aren't Montreal prices still relatively affordable compared to Vancouver and Toronto. We don't seem like anywhere near the craziness of those cities, there seems to be a good mix and balance between buyer and seller in Montreal, as in, the market seems to be doing its thing. 

We bought a townhouse there too on that Thursday but I don’t think that there were 95% asian. I would say perhaps 60% (yes still a lot butmuch less compared to downtown or Bois Franc projects).

Price was good and so is location. We didn’t get to ask many questions so we went back on Saturday and was told all townhouses were sold.

Didn’t know they had the fourth block on sale too...