Jump to content

Search the Community

Showing results for tags 'westmount'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Real estate projects
    • Proposals
    • Going up
    • Completed
    • Mass Transit
    • Infrastructures
    • Cultural, entertainment and sport projects
    • Cancelled projects
  • General topics
    • City planning and architecture
    • Urban photography
    • Urban tech
    • General discussions
    • Entertainment, food and culture
    • Current events
    • Off Topic
  • MTLYUL Aviation
    • General discussion
    • Spotting at YUL
  • Here and abroad
    • Quebec City and the rest of the province of Québec.
    • Toronto and the rest of Canada
    • USA
    • Europe
    • Projects elsewhere in the world


There are no results to display.

There are no results to display.


Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



About Me





Type of dwelling

  1. This is for the land currently owned by Provigo on the corner of de Maisonneuve and Claremont on the south east corner. There was a public consultation for residents and the following is the project: 30k square feet for grocery store (Provigo Urban concept) 10 apartments for families of kids who are staying at hospital Office space for Children's foundation 255 senior apartments for 55+ from le Groupe Maurice Not a very nice looking building! 10 story building Construction summer/fall 2015 Opening 2017-2018
  2. http://affaires.lapresse.ca/economie/immobilier/201704/06/01-5085937-immobilier-residentiel-les-acquisitions-chinoises-depassent-mont-royal.php Hâte de voir l'impact à moyen-terme. La PM WYNNE est supposée mettre en place des mesures concrètes sous peu en Ontario pour ralentir la hausse fulgurante des coûts immobliers.
  3. Aimer Montreal - Revue de presse montrealaise | Facebook
  4. Le 215 Redfern à Westmount est un nouveau projet de condos modernes de 6 étages comprenant 65 grands appar-tements luxueux qui seront érigés sur un site où s'élève actuellement un immeuble à bureaux en voie de démolition. Ce nouvel édifice de prestige, situé dans le quartier convoité de Westmount, sera construit sur une rue résidentielle tranquille dans un emplacement exceptionnel. Il est à quelques pas de l'avenue Greene, de boutiques, de restaurants, de cinémas et du métro. Avec une vue imprenable sur le fleuve, le mont Royal et les parcs avoisinants de Westmount, il s'agit du meilleur endroit pour vous sentir comme chez-soi. Vous devez absolument jeter un coup d'œil au 215 Redfern. http://215redfern.com/accueil.php
  5. On parle ici d'une maison à Westmount, qui est qualifiée de "Number one home in Canada" dans un article du Architectural Digest. Je vous en recommande fortement la lecture. L'article dans Architectural Digest. La firme d'architectes: http://www.ericjsmitharchitect.com Designer d'intérieurs: http://www.davideastoninc.com/
  6. Square Dealing: Changes could be afoot at the iconic Westmount Square BY EVA FRIEDE, MONTREAL GAZETTE OCTOBER 10, 2014 2:16 PM Investor Olivier Leclerc outside Westmount Square, who has purchased 84 units in the complex for $70 million. Photograph by: John Mahoney , Montreal Gazette An investor has bought 84 rental units at Westmount Square for $70 million, and says that less than two months after the sale, he has already resold at least 48 of the apartments. Olivier Leclerc, 26, acting with real estate broker and adviser Albert Sayegh, bought the units at the iconic Mies van der Rohe buildings in August from Elad Canada, a division of the Israeli real estate multinational Tshuva Group. The deal means that Elad has sold all of the approximately 220 units in the two residential towers of Westmount Square. Now it is proposing to convert Tower 1, with 200,000 square feet of office space, to condos. But Westmount has slapped a freeze on all conversions from commercial or institutional buildings to residential use and is studying all development in its southeast commercial sector, from Atwater to Greene Avenues. The freeze is in effect until an interim bylaw is adopted and an update on the study is expected in November, said Westmount councillor Theodora Samiotis. Samiotis, who is the commissioner of urban planning for Westmount, said there are two concerns about such a conversion. First is Westmount Square’s heritage value as a Mies van der Rohe mixed commercial-residential project, completed in 1967. “On a heritage value, obviously we would want to make sure that any architectural aspect of the design would respect that,” she said. And there are those who would argue that changing the usage combination would change the architect’s vision, she said. The complex was conceived with three towers — two residential and one office — and an 86,000-square-foot shopping concourse. Equally important to Samiotis is the commercial vibrancy of the area. “So when you tell me you are changing a commercial tower to a residential tower, I am concerned about the impact this is going to have on my commercial district,” she said. Residential tax rates are lower than commercial rates, so the city also could lose revenue. “It’s not just the conversion of any building. It’s a landmark,” she said. They are very much aware of the proposal to convert the office tower, Sayegh said, but the file is currently closed. “If Tower 1 does occur, we will look at it,” he said. Elad Canada owns, operates or is developing such properties as New York’s Plaza Hotel, Emerald City in Toronto and in Montreal, the Cité Nature development near the Olympic Village and Le Nordelac in Point St-Charles. The 84 Westmount Square units were the remaining rental units in two of the towers. In a meeting at Sayegh’s real estate office — he is president of the commercial division of RE/MAX Du Cartier on Bernard St. W. — Leclerc said he bought the apartments in August as an investment, and resold them to various groups of investors, two of which bought about 12 apartments each. Leclerc would not specify how many of the apartments he intends to keep. It is a significant sale, probably the biggest of the year, said Patrice Ménard of Patrice Ménard Multi-Logement, which specializes in sales of multi-unit residential buildings. But it is not a record. By comparison, the La Cité complex of three buildings with more than 1,300 units sold for $172 million two years ago. Also in 2012, Elad sold the Olympic Village to Capreit Real Estate Investment Trust for about $176 million, Ménard said. Both La Cité and the Olympic Village remain rental properties, however. Both Sayegh and Leclerc emphasized that confidence in the economy was a basis for the Westmount Square purchase. The reselling was not a flip, but a long-term strategy, Sayegh said. “He has his own chess game,” Sayegh said. “The context was favourable to take hold of such a prestigious building — the political context,” Leclerc said. “The socio-economic climate in Quebec has never been as conducive to investments as it is today,” Sayegh added. Leclerc would not say what profit he has taken so far, nor what return he is expecting. “It’s a nice acquisition to my portfolio,” Leclerc said. He also owns or has converted buildings in Mont St-Hilaire and Brossard as well as Hampstead Court on Queen Mary, bought in 2011 and now all sold. Four years ago, Leclerc joined his father, Ghislain, in the business of converting rental buildings to co-operatives. Over 25 years, he and his father have converted more than 2,500 apartments, he said. His father is now semi-retired. With his father, he also worked on the conversion of the Gleneagles apartments on Côte des Neiges Rd., bought in 2010 and sold by 2013. “We do major work. We put the building in top shape,” Leclerc said. “Then we make esthetic improvements. After that, we sell the apartments. “We never throw out the tenants. We profit from the fact that the tenants are in place, who pay rent ‘x’ for an apartment in the state it is in. “We respect the rental laws.” Leclerc said he buys only good buildings in good locations. “The area reflects the tenants. Location, location, location.” At Westmount Square, the tenants are not affected, Leclerc said, as the same company, Cogir, manages the building. The range of price for the 84 apartments was $400,000 to $2 million. [email protected] Twitter: @evitastyle
  7. 162 condos http://www.mcgillimmobilier.com/lang/fr/jardins-westmount-real-estate-condo-project-for-sale-westmount-atwater-market-condo-montreal-jardins-westmount-projet-immobilier-condo-a-vendre-westmount-marche-atwater-condo-montreal/
  8. http://www.inman.com/buyers-sellers/columnists/stevebergsman/westmount-canadas-beverly-hills According to wikipedia, Place Belvedere is considered the most expensive street on the whole island. I guess when there is only 10 homes on it, would make sense.
  9. Je pense qu'une partie de Westmount a le potentiel pour être un des quartiers plus visités sur l'île par les Montréalais et les touristes. Pour les Montréalais, ils ont pu découvrir un quartier amusante et pittoresque de l'île.Les touristes seraient surpris de la vue nord vers les grosses mansion for la montagne et aussi ils seraient surpris de trouver une telle quartier anglais dans ce qui est connu à travers le monde comme une ville française. La partie dont je parle est de l'avenue Greene, entre Sainte-Catherine et le rue Sherbrooke Street, et de Maisonnneuve et Sainte-Catherine entre l'avenue Greene et Atwater. Cette partie de Westmount est une partie très sûr de la ville; station de métro Atwater quelques minutes de marche; Bureaux et des résidences sur l'ilot avec Westmount Square. Le quartier a le potentiel pour être un de haut de gamme (manger / party / relaxer) et également un pôle touristique. Rue Sainte-Catherine à partir de l'avenue Greene à Atwater: Côté sud- Discothèques, bars et restaurants. Côté Nord - Place Alexis Nihon (existant), un Westmount Square plus "hip et jeunes." Certaines niveaudu Westmount Square pourrait être transformé en hôtel de luxe. (««Quand, à Montréal, rester à l' Hôtel Westmount-Centre-Ville, dans un edifice conçus un des grands nom de l'historie de l'architecture, Mies van der Rohe! ") Avenue Greene de Ste. Catherine à la rue Sherbrooke: Avenue Greene devrait avoir un site web. Boulevard Saint-Laurent en a un, Plaza St. Hubert, Mont-Royal, Sainte-Catherine et Saint-Denis ont des sites Web. Avenue Greene devrait en avoir un aussi. Actuellement les magasins sur l'avenue Greene semblent répondre à une clientèle plus âgée, mais il devrait également avoir quelques magasins pour les jeunes. Pas trop de grands noms, parce que nous voulons que l'avenue reste un peux unique, mais au moins deux magasins de grands noms (comme Forever 21, H & M, etc.). de Maisonneuve à partir de l'avenue Greene à l'avenue Wood: L'entrée d'un hôtel de luxe de 5 étoiles pourrait être juste là à l'entrée résidentiel de Westmount Square. ***** Cette partie de Westmount pourrait vraiment être amélioré au point où il devient un extension du centre-ville de Montréal, qui n'est pas trop loin. I'd like to see this happen! It is good to see a condo being built at the corner of Greene Avenue and de Maisonneuve. Why only have a one storey retail building, when you have increase the density and have retail at grade. Hopefully more development like that happens on Greene Avenue. Greene has a lot of potential to be more than a hub for Westmounters looking to use the BMO, Jean Coutu and the Canada Post, but a hub for many Montrealers and for tourists. It could be the Montreal version of Yorkville in Toronto, Boylston Street in Boston.
  10. Judge nixes bid to halt Montreal renovation LES PERREAUX From Tuesday's Globe and Mail December 16, 2008 at 3:48 AM EST MONTREAL — The owners of a Westmount house with a million-dollar view will have to give up a slice of their panorama. A judge has refused an attempt by the couple in the affluent Montreal enclave to stop a neighbour from adding a fourth storey and cutting into their spectacular view of the city below. Mr. Justice Robert Mongeon of Quebec Superior Court ruled Steven Goldberg is entitled to raise the roof on his house at 27 Bellevue Ave., even if it cuts into the sight line of his neighbours up the hill. Mireille Raymond and her husband, John Keyserlingk, sought an injunction to block an addition they say will also block sunlight and decrease the value of their $1.7-million property on Sunnyside Avenue by about 30 per cent. Those are exaggerations, Judge Mongeon ruled, after taking the unusual step of holding court on the hillside to check out the view. The judge, who was assisted by a wooden frame and yellow police tape set up on the roof of Mr. Goldberg's house to mimic the new addition, found only a small sliver of the view to the east will be blocked. "The loss must be considered in a much more realistic fashion than was initially presented," he ruled in a judgment handed down late Friday. Mr. Goldberg's lawyers pointed out that he had submitted his plans to the City of Westmount in September of 2007 and his permit was granted after an in-depth study over six months. The city argued nothing guaranteed Ms. Raymond and her husband that they would enjoy their view in perpetuity. Ms. Raymond was upset by the verdict, saying the judge, like the city, seemed to discount the importance of the unencumbered view. Ms. Raymond and Dr. Keyserlingk were ordered to
  11. http://montrealgazette.com/business/local-business/real-estate/former-pm-brian-mulroneys-westmount-home-finally-sold?__lsa=4c7f-627d Former PM Brian Mulroney's Westmount home sells for $6 million 1021 photo reimagined MONTREAL GAZETTE More from Montreal Gazette Published on: May 22, 2015 Last Updated: May 22, 2015 11:40 AM EDT Brian Mulroney's home in Westmount sold for about $6 million. Former prime minister Brian Mulroney’s Westmount mansion — which went on the market in 2013 — has at last been sold. The five-bedroom, five-bathroom home on Forden Cres. sold for nearly $6 million, below the original price tag of $7.9 million. On Friday, the real-estate website on which is appeared had marked the home as sold, for $5,799,999. The property includes an outdoor pool, library and fenced-in yard. “This home is for a buyer who seeks an elegant home and privacy,” read the listing by Montreal power broker Marie-Yvonne Paint. “An elegant layout and spacious rooms sets it in a class of its own.” The home, registered in the name of Mulroney’s wife, was purchased in 1993 under her maiden name Mila Pivnicki. The deed of sale lists a purchase price of $1 – buyers could keep those details confidential back in the day – but multiple media outlets pegged the real cost of the home at $1,675,000. Apparently the couple spent another $700,000 on renovations sent via Tapatalk
  12. Hello all, Bonjour, I am hosting this free tour on Tuesday at 1:45pm, the event is here: https://www.facebook.com/events/381249682329367/ Be sure to follow my Facebook page, as I will host many more tours: https://www.facebook.com/vicsmtltours/ Come all! I'd love to meet all of you! Venez meme si vous etes francophones! Je parlerai les deux langues.
  13. L’agrandissement du collège anglophone Dawson, qui fait partie des projets d’infrastructure prioritaires du gouvernement Legault, permettra à l’établissement d’accueillir environ 800 étudiants supplémentaires au cours des prochaines années. Cet établissement anglophone situé à Montréal, qui accueille présentement environ 8000 étudiants, est plein à craquer depuis des années. Il y a cinq ans, le ministère de l’Éducation a reconnu que son déficit d’espace était d’environ 10 000 mètres carrés. À l’étude depuis l’an dernier, cet agrandissement fait maintenant partie des 202 projets d’infrastructure mis sur la voie rapide par Québec dans le cadre du projet de loi 61. Ce projet a été bonifié au cours des derniers mois pour tenir compte de la hausse du nombre d’étudiants anticipée dans le réseau collégial au cours des prochaines années. D’ici 10 ans, le réseau collégial pourrait compter 37 000 étudiants supplémentaires, selon des documents budgétaires dévoilés en mars. Le directeur général, Richard Filion, se réjouit que ce projet ait été mis sur la voie rapide. Il est cependant trop tôt pour savoir quels seront réellement les impacts de cette démarche. «Si on peut sauver un an sur notre échéancier, je serai bien content», lance-t-il. La construction d’un nouveau pavillon permettra d’y regrouper plusieurs formations dans le domaine de la santé. https://www.journaldemontreal.com/2020/06/06/800-etudiants-de-plus-au-college-anglophone-dawson Le projet vise à résorber le déficit d’espace reconnu par le ministère de l’Éducation et de l’Enseignement supérieur et à cesser l’utilisation d’espaces en location à l’extérieur du campus. Plus spécifiquement, les programmes d’études techniques liés au domaine de la santé et des services sociaux et une clinique-école seront regroupés en un seul lieu et deux nouveaux programmes seront ajoutés. https://www.tresor.gouv.qc.ca/public-infrastructures/tableau-de-bord-des-projets-dinfrastructures-de-50-millions-de-dollars-et-plus/?tx_tdbpip_tdbpip[projet]=255&tx_tdbpip_tdbpip[rechercheInfo][motsCles]=dawson&tx_tdbpip_tdbpip[rechercheInfo][avancement]=0&tx_tdbpip_tdbpip[rechercheInfo][activite]=0&tx_tdbpip_tdbpip[rechercheInfo][statut]=&tx_tdbpip_tdbpip[rechercheInfo][region]=0&tx_tdbpip_tdbpip[rechercheInfo][nouveau]=0&tx_tdbpip_tdbpip[rechercheInfo][numero]=&tx_tdbpip_tdbpip[currentPage]=&tx_tdbpip_tdbpip[action]=show&tx_tdbpip_tdbpip[controller]=Projet&L=2&cHash=d7252dc4574bbb75c997c8ae7959c516
  14. <iframe frameborder="0" src="http://photosynth.net/embed.aspx?cid=6f158e78-f1d3-4c1f-b86e-10f3498588c3&delayLoad=true&slideShowPlaying=false" width="800" height="800"></iframe>
  15. Terrains à vendre au pied de l'Oratoire Hugo Joncas, Les affaires Les terrains excédentaires de l'Oratoire Saint-Joseph du Mont-Royal attirent les promoteurs immobiliers. L'institution vient de vendre trois lots au constructeur de maisons de luxe Jean Houde et à la famille Elman, actionnaire majoritaire du fonds d'investissement en santé Persistence Capital Partners. Elle a obtenu près de 2,6 millions de dollars pour les trois terrains. L'Oratoire compte vendre sept autres terrains autour de Surrey Gardens, mais préserver le reste de la ceinture verte entre l'institution et les résidences de Westmount. Les terrains mis en vente sont tous situés dans un boisé à l'extérieur de l'arrondissement historique et naturel du mont Royal protégé par Québec. Le zonage de ces lots, situés dans la Ville de Westmount, prévoit uniquement la construction de maisons unifamiliales détachées. Pour l'instant, la Ville n'a discuté qu'avec Construction Jean Houde, selon Joanne Poirier, directrice de l'urbanisme. " Ils nous ont soumis des plans préliminaires pour un terrain à l'est de la rue Surrey Gardens ", dit-elle. Le produit de la vente de ces lots sera investi dans l'entretien des installations de l'Oratoire. http://www.lesaffaires.com/article/0/immobilier/2009-05-22/493716/terrains-etagrave-vendre-au-pied-de-loratoire.fr.html (22/5/2009 11H27)
  16. La qualité est pas superbe, j'ai juste un petit point n shoot avec pas vraiment de zoom, mais ca donne un appercu de que à quoi Westmount ressemble vu d'en bas de la côte
  17. Dans LaPresse : Publié le 25 juin 2014 à 09h54 | Mis à jour à 09h54 Le Westmount Square transformé en condos [ATTACH=CONFIG]16318[/ATTACH] La ville de Westmount est contre le projet de conversion du Westmount Square en condos. PHOTO EDOUARD PLANTE-FRECHETTE, LA PRESSE ANDRÉ DUBUC La Presse La frénésie entourant la copropriété résidentielle gagne les propriétaires de tours de bureaux du centre-ville. La société Elad Canada souhaite convertir en condos le prestigieux édifice de bureaux du 1, Westmount Square, oeuvre de l'architecte Mies van der Rohe. Lors d'une assemblée publique tenue le 4 juin, Amnon Safran, représentant du promoteur, a chiffré à 20 millions le coût de conversion pour aménager 120 unités de copropriété divises dans les 20 étages de la tour de 200 000 pieds carrés. La Ville est contre La Ville de Westmount reçoit négativement le projet. Le 17 mars 2014, elle a instauré un gel de 90 jours qui empêche la conversion d'immeubles de bureaux en condominiums dans le secteur sud-est de la ville. «Tant que la Ville n'a pas terminé son exercice de vision du quartier, on ne veut pas de conversions», explique Johanne Poirier, directrice de l'aménagement urbain. Parmi les exemples récents de conversion, Mme Poirier parle de l'ex-édifice du Reader's Digest, au 215, rue Redfern, et de l'ancienne école Vanguard, au sud de la rue Sainte-Catherine, rue Metcalfe, qui est en voie de démolition. Elle sera remplacée par des condos. «Le conseil réagit à l'accumulation de ce type de projets, poursuit Mme Poirier. Le conseil veut conserver une vocation commerciale à l'intérieur des limites de Westmount. La Ville ne veut pas devenir un secteur 100% résidentiel. Elle veut avoir un mélange d'usages.» Construit en 1966, le Westmount Square est composé de trois tours et d'un quatrième immeuble de deux étages. Deux des tours ont toujours été à vocation résidentielle. Dans les années 2000, elles sont néanmoins passées d'un statut locatif à celui de copropriétés indivises. L'architecte au dossier, Michel Lauzon, du cabinet Lemay, s'est récemment inscrit au registre des lobbyistes. «Le projet de conversion s'inscrit dans un plan de revitalisation globale du complexe de Westmount Square incluant la transformation du centre commercial, le remplacement de systèmes mécaniques et la rénovation complète de l'enveloppe du bâtiment», lit-on dans sa fiche déposée en mai dernier.
  18. Demande de projet particulier http://westmount.org/wp-content/uploads/2016/12/PP-version-20-lo-1.pdf
  19. Top 100 of 2010 1. Thompson family -- $23.36 billion 2. Galen Weston -- $8.5 billion 3. Irving family -- $ 7.46 billion 4. Rogers family -- $6.02 billion 5. James Pattison -- $5.53 billion 6. Paul Desmarais Sr -- $4.28 billion ... 100. Andre Chagnon -- $540 million Top 100 (2010) Its quite amazing how the Thompson family dwarfs the other billionaires. Just combining #2, #3 and #4 together, they are still a few billions shy of the wealth of the Thompson family. The largest growth since 2009, was Chip Wilson with a 66.7% increase. Canada's wealthiest neighbourhoods (Courtesy of Canadian Business)
  20. (Courtesy of The Montreal Gazette) Sucks to be them. Guess the SAQ doesn't want to waste tax payers money to wait and see if all will get better, with people moving into the condo being developed next door. I guess the people complaining are just going to have to cab it or take the metro. I just wonder who will take over the 7000 sq.ft at the Pepsi Forum
  21. Westmount building plans hush-hush Court testimony. Westmount neighbours battle over scenic view JAN RAVENSBERGEN, The Gazette Published: 6 hours ago Anytime a Westmount homeowner wants to renovate part of a building or add an extension, their plans are considered confidential - and not the business of any of their neighbours. That's longtime Westmount policy, architect Julia Gersovitz, chairperson since 2001 of the municipality's powerful planning advisory committee, testified in Quebec Superior Court yesterday. Other than Westmount urban-planning staff, city councillors and the mayor, "we at the (advisory committee) do not discuss the cases that are brought to us with anyone because it seems to us that would be a breach of confidentiality," Gersovitz told Justice Robert Mongeon. Two other architects and city councillor Cynthia Lulham sit with Gersovitz on the committee, which she told the court operates by consensus, never takes votes and is responsible for vetting all proposed building-exterior work that requires a municipal permit. Gersovitz is a historic-preservation specialist who is a longtime board member of Heritage Montreal, a practising architect and an auxiliary professor of design at McGill University. A green light her committee gave last March to homeowner Steven Goldberg to add another storey to his home at 27 Bellevue Ave., near the top of Mount Royal, did not require any consultation with nearby homeowners whose panoramic views of Montreal, the St. Lawrence River and the Montérégie vista would be affected, Gersovitz testified. "We have no mechanism for that," she told the court. In a case that has aroused considerable interest, Mongeon has been asked by Mireille Raymond, of 20 Sunnyside Ave., to quash Goldberg's permit. A higher roofline, Raymond contends, would substantially destroy her south-facing view of the city and environs. Hearings on the case continue today. In a related development, at an 8 a.m. council meeting yesterday, councillors Nicole Forbes and John de Castell reversed positions they'd taken Aug. 25 - and voted in favour of a modified version of the permit for Goldberg which would allow him his extra storey. The council vote was 5-2 in favour. On Aug. 25, a similar motion had been defeated 4-3. While de Castell complained about missing information earlier in the Goldberg permit process, he told council that "from everything that I've learned in this file, it (the Goldberg permit) appears to be legal." [email protected]
  22. Lu dans un article concernant l'organisme Porte Ouverte, établi dans l'ancienne église depuis 30 ans, doit quitter le bâtiment pour laisser la place à des condos. https://ici.radio-canada.ca/espaces-autochtones/a-la-une/document/nouvelles/article/1111852/itinerants-inuits-montreal-david-chapman-contrtoverse Dans le rôle foncier de la Ville, le propriétaire du bâtiment (4006 Dorchester) est Le Jardin Stephens inc. Selon le registre des entreprises du Québec, l'actionnaire principale de cette entreprise est Stanford Résidentiel Inc., qui est la propriété de Stanford Realty inc. qui elle gère plusieurs édifices résidentiels dont le Six888 et le LeArt http://stanfordpg.com/residential.php
  23. Bravo!! http://plus.lapresse.ca/screens/97874aa2-5b16-4f79-80da-073e7f3a2f05%7C_0.html L’élection d’un gouvernement libéral majoritaire a entraîné une hausse « presque immédiate » des ventes de résidences de luxe à Montréal en 2014, affirme Sotheby’s dans une étude qui sera publiée ce matin. Un effet véritable ? Tour d’horizon du marché haut de gamme montréalais. + 21 % Au total, 434 propriétés se sont vendues plus de 1 million de dollars l’an dernier dans le Grand Montréal, contre 359 l’année précédente. Il s’agit d’une hausse de 21 %. Même si le gros des ventes se situe dans la fourchette de prix de 1 à 2 millions, le segment le plus cher a lui aussi connu un rebond marqué, avec sept transactions au-dessus de la barre des 4 millions. « C’est une augmentation de 600 % comparativement à l’unique propriété vendue pendant toute l’année 2013 », souligne Sotheby’s dans son rapport. OUI, MAIS… Le marché haut de gamme a peut-être repris de la vigueur à Montréal, mais il demeure loin derrière celui des trois autres grandes villes canadiennes : Toronto, Vancouver et Calgary. L’EFFET PLQ ? Dans son rapport, Sotheby’s cite clairement l’élection du Parti libéral comme facteur déterminant dans la remontée du marché du luxe montréalais. L’arrivée au pouvoir d’un gouvernement majoritaire – et fédéraliste – en avril aurait ravivé la « confiance » des acheteurs, avance l’agence immobilière, causant un regain « presque immédiat » des ventes. Andy Dodge, président de la firme d’évaluation immobilière Andy Dodge & Associates de Westmount, émet des réserves. « Je croyais aussi que ça allait grimper après le scrutin, a-t-il dit à La Presse Affaires. Ça a bougé pendant trois semaines, puis le feu s’est éteint. » Selon M. Dodge, l’absence de vision claire du gouvernement libéral et le peu d’investisseurs étrangers expliquent cette relative tranquillité du marché de Westmount, le plus luxueux de la région montréalaise. Les prix ont peu bougé depuis l’été 2012, note-t-il. 1,1 MILLION Comment définit-on une résidence de luxe à Montréal ? Selon Sotheby’s, les appartements en copropriété entrent dans cette catégorie à partir de 1,1 million de dollars, les maisons jumelées, à partir de 1,5 million et les maisons individuelles, au-delà de 1,8 million. Ces barèmes ne devraient pas trop bouger en 2015, prévoit la firme. TRANSACTIONS RÉCENTES 11,4 MILLIONS À SENNEVILLE Cette maison de l’Ouest-de-l’Île a été la plus chère vendue l’an dernier dans la région métropolitaine. La résidence de 20 000 pieds carrés compte 10 chambres à coucher, 11 salles de bains et un terrain de basketball intérieur. 6,5 MILLIONS (TAXES NON COMPRISES) À WESTMOUNT Ce luxueux condo neuf se trouve dans le projet M sur la Montagne, situé sur un flanc du mont Royal. Pour attirer les acheteurs fortunés, ce projet de communauté fermée (gated community) mise gros sur son « parc privé » de 700 000 pieds carrés.
  24. Surtout des investisseurs chinois, comme on l'a vu pour le projet Séville.. via The Gazette A foreign attraction to Montreal’s real estate market BY ALLISON LAMPERT, GAZETTE REAL ESTATE REPORTER NOVEMBER 23, 2013 4:55 PM People are seen waiting outside the offices for the Seville condos on St-Catherine St. W. in 2010. Photograph by: Dario Ayala, The Gazette The Seville Condo project has a sign, in English, French and Mandarin, that says “Do you know the person you let in without any fob? Please swipe your fob to show you live here” in the front entrance of the condo building on Ste-Catherine St. W. because of the large number of owners who are recent immigrants from China, or who have bought to rent out as an investment. Photograph by: Dave Sidaway, The Gazette MONTREAL — Down the street from Montreal’s old Forum, in a bustling neighbourhood now dotted with Chinese noodle shops, ethnic grocers and new construction, the sign on the door of the Le Seville condo building asks residents in French, English and Chinese: “Do you know the person you let in?” Since last year’s annual meeting — when some condo owners from China had difficulty following the discussion — the board of directors has been translating important material — such as the sign on the door and the building’s annual budget — into Chinese. “It was clear that the Chinese buyers needed to have access to a language they’d understand, like everyone else in the building,” said condo board president Colin Danby, who learned Mandarin during seven years spent in Taiwan. “Not everything is translated. But as a board, we take that step when it is something important like building security.” Residents estimate that between 20 to 40 per cent of the Seville’s co-owners are either Chinese Canadian, recent immigrants who own neighbouring shops in the area known as Shaughnessy Village, or are foreign investors from China. They bought into the sold-out first phase of the 477-unit Seville in 2010 — when low interest rates and an economy that had emerged relatively well from the 2008 financial crisis drove demand for Montreal condos to near-record highs. While the vast majority of foreign real estate buyers in Canada have focused on Toronto and Vancouver, investors from China, Middle East and Europe also helped fuel Montreal’s condo boom, which peaked in 2012. In 2011, Montreal had the second highest number of permits and starts for new condos of any city in North America. Toronto was in first place. “More inventory, more investors,” said Alexandre Sieber, senior managing director of Quebec operations for real-estate services firm CBRE Ltd. “As you build inventory, you are diversifying the investor base.” Some firms estimate that up to 20 per cent of Montreal condos bought as rental properties — or to be flipped for a profit — were purchased by foreign buyers searching for inexpensive prices in a comparatively stable market. Foreign investors have also bought small multi-unit buildings for use as student rentals and are showing interest in large properties, including vast tracts of land in the Laurentians, brokers say. Just like Vancouver, or Toronto, there is no hard data for the number of foreign real-estate investors in Montreal. But two foreign buyers, along with half-a-dozen commercial and residential real estate brokers, told The Gazette that sales to foreigners and landed-immigrants in areas like Westmount and LaSalle are on the upswing. And Asian and Middle Eastern money is behind at least two new large sites downtown that are being promoted for residential development. “We’re certainly seeing an increase in foreign buyers, especially from China,” said Robert MacDougall, senior vice-president for investment sales and special projects at the commercial real estate services firm Jones Lang LaSalle. MacDougall said about 10 to 20 per cent of his offers on properties now come from foreign investors, mostly Asians. In addition to the foreigners who’ve long been purchasing condos for their adult children attending McGill and Concordia universities, people who have recently arrived from Asia are also buying homes in Westmount to be close to their kids’ private schools, brokers say. Sotheby’s International Realty Canada estimated recently that half of the luxury properties sold in Montreal this year were purchased by foreigners. “Two or three years ago, I had the odd buyer show up from China. That was kind of a novelty,” recalled Brian Dutch, a broker with Re/Max DuCartier, who specializes in the Westmount market. “Then all of a sudden, there was another Chinese broker calling for an appointment. And then there’s another. “From it being the odd one, there are now at least two inquiries on a weekly basis.” While foreign buyers are appreciated by the real estate industry because they purchase properties in a relatively soft housing market, investors from Asia and the Middle East have been blamed for driving up home prices in Vancouver. Economists have warned that foreign buyers also create a more volatile market driven by yields, rather than by fundamentals like having a place to live. In Montreal, there have been a few instances of buyers from other countries failing to show up at the notary’s office, after signing contracts — and leaving hefty deposits — to purchase homes. But Montreal brokers have yet to see widespread bidding wars with Asian or Middle Eastern buyers willing to pay above-market prices. “I have seen those kinds of news stories from Toronto and Vancouver (about inflated prices), but my clients are more cautious,” said Jason Yu, a broker with the Brossard-based agency Esta Agence, whose commercial and residential buyers are mostly recent immigrants from China. Yu, who’s worked with Dutch on multiple sales to Chinese buyers in Westmount, said several of his clients are wealthy Asian families moving to Montreal as part of the Quebec Immigrant Investor Program. A decade ago, Yu and his family came to Canada from China as immigrant investors under a program that requires applicants with a net worth of at least $1.6 million to make an $800,000 interest-free loan to the government for five years. The Quebec program — which mirrors a federal one that’s now frozen and does not accept new applicants — remains hotly debated, amid criticism that 90 per cent of the mostly Asian arrivals promptly move elsewhere in Canada, while their $800,000 stays in la Belle Province. Quebec’s quota for 2013-2014 is 1,750 immigrant investors. Despite the large number who leave, Yu says that he also sees immigrants who choose to stay in Montreal. In the last few months, three of his Chinese clients purchased homes in Westmount, while a fourth is looking to buy downtown condos as an investment. She said the family moved to Montreal largely for her daughter’s education. One immigrant from Shanghai described how her family moved to Westmount a few years ago through the Quebec investor program. Her husband is working in China right now while she raises their daughter and takes French classes in Quebec. “We made the decision very quickly, based largely on what a friend from China who lived in Montreal told us,” said the woman, who spoke to The Gazette on condition that her name wouldn’t be published. “We didn’t even know about Bill 101.” The language law hasn’t affected the family, since her daughter is enrolled at a non-subsidized English girls’ school, where she is learning both official languages. She said she’s constantly meeting new recent immigrants from China. Last week, the woman received a call from Dutch, who had been her real estate broker when she bought her home. Dutch invited her to meet a newcomer from Shanghai who had an accepted offer on a house in the area. Dutch also invited the newcomer’s neighbour, a recent arrival from Beijing. “I called my client to come over because I wanted as much for her and for them to get to know each other,” Dutch said. “Everyone was busy on their iPhones, sharing contact information and yacking away in Mandarin. It was fun. “It’s something we haven’t seen before.” Also new is the tendency of immigrant investors — even ones who leave Quebec — to purchase properties in Montreal. “Will they stay? History says they won’t, but they are making investments here,” said Eric Goodman, owner of Century 21 Vision in Notre-Dame-de-Grâce. He described one new condo project in LaSalle, where 80 per cent of the units were sold to Chinese buyers, including recent immigrants, or investors who are still in China. “They are buying them as investments and they are buying them for family members who may come in the future,” said Goodman. “They are always looking for places to put their money. They feel it is safe to build here, even if they’re not going to make as much of a return as in Toronto.” Goodman’s agency also sold the land to the developers behind the YUL mixed condo and townhouse project on René Lévesque Blvd. near Lucien L’Allier Rd. The YUL project, backed by Chinese investors, is being marketed to foreign as well as local buyers. Adjacent to YUL, land on René Lévesque Blvd. next to Guy St. has been purchased by investors from Qatar who intend to launch their Babylon residential development this spring. The downtown area has proven attractive to investors because of the large pool of student tenants, and the limited construction of new rental buildings to replace the city’s aging stock. Indeed, investors — who make up an estimated 40 per cent of owners at Seville — generated such demand for the project that people were lining up at 10 a.m., a day before the sales office opened in 2010. Colin Danby, now condo board president for the Seville’s phase 1, arrived at 3 p.m. He was No. 58 in line, he recalled. The crowd was so large that by 8 p.m., developer Groupe Prével decided to give out tickets to buyers. And just like the hockey scalpers outside the old Forum in the 1970s, “authorized” Seville buyers were said to be hawking condo tickets on the street for $5,000 each. [email protected] Twitter: RealDealMtl © Copyright © The Montreal Gazette
  • Create New...