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YUL - 38, 38 étages (2021)


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Invité Olivier2160

As seen on RDI economie few weeks ago, Toronto and Vancouver are the most risky markets right now while Montreal is relatively healthy considering the Montreal market has reacted exactly the way Flaherty's expected the market to react (prices increase are more reasonable and more people can afford a house here) The Governement is still very worried about Toronto and Vancouver markets. As an investor or a regular person, would you buy in a risky market or Montreal ?

 

And as long as the prices and sales are going up and not down, I don't see a big problem.

 

I really hope YUL will be a succesfull project.

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But at the same time to me, and as seen on RDI economie few weeks ago, Toronto and Vancouver are the most risky markets right now while Montreal is relatively healthy considering the Montreal market has reacted exactly the way Flaherty's expected the market to react (prices increase are more reasonable and more people can afford a house here) The Governement is still very worried about Toronto and Vancouver markets. As an investor or a regular person, would you buy in a risky market or Montreal ?

 

And as long as the prices and sales are going up and not down, I don't see a big problem.

 

I really hope YUL will be a succesfull project.

Je suis d'accord avec toi.....j'ai vu le même reportage sur RDI.

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Lafontaine House to get luxury facelift

SEPTEMBER 19, 2013 7:00 PM

 

MONTREAL — A restoration plan for Montreal’s crumbling Louis Hippolyte Lafontaine House could have buyers living like a former prime minister — but with indoor plumbing.

 

A plan to convert the former residence of the pre-Confederation leader into luxury homes is part of the $250-million YUL project, which is launching next week with plans to build up to 856 condo units, a 23,000 square foot courtyard and 18 townhouses in a multi-phase project that spans a city-block on René Lévesque Blvd. between Mackay and Lucien L’Allier Sts.

 

But contrary to a news release detailing how the decrepit Overdale Ave. building would be “beautifully restored, (with) its heritage exterior housing residential units,” a partner in YUL has denied that the Maison Lafontaine’s conversion is a done deal.

 

“This (the conversion to residences) is one of two plans that we are presenting to the city,” Montreal developer Jack Arduini told The Gazette.

 

Montreal heritage activists, who have campaigned for decades to save abandoned buildings like the Maison Lafontaine from demolition, say they plan to meet with the developer next month with the hopes of securing a “public vocation” for the former prime minister’s residence.

 

“It would be nice if the Lafontaine house is not just a skin in front of a cube of condos,” said Dinu Bumbaru, policy director for Héritage Montréal.

 

The launch of the project with twin 38-storey towers comes at a time when new home construction in Quebec is expected to dip this year, compared to 2012 levels, amid rising mortgage rates and record-breaking condo supply in Greater Montreal. On Thursday, l’Association provinciale des constructeurs d’habitations du Québec said housing starts are expected to decline 23 per cent across the province in 2013, and another two per cent in 2014, a bigger drop than the 19 per cent dip forecast for Quebec by the Canada Mortgage and Housing Corp.

 

While housing resales rebounded in Montreal last month, as in most large Canadian cities, some reports are attributing those strong numbers to a rush by buyers eager to purchase properties before any future rises in mortgage rates.

 

The YUL project, which is largely backed financially by Asian and Canadian Asian investors, is courting foreign buyers, with plans to open offices in Shanghai, Singapore and Hong Kong. The majority owner in YUL is Brivia Group president Kheng Ly ,who describes himself as a Cambodia-born refugee of the Khmer Rouge regime, now living in Canada since 1988.

 

“We’re looking at every market possible,” said Arduini, a Montreal developer. “It will have a very international flavour. We’re targeting the Asian markets because many students are coming over.”

 

http://www.montrealgazette.com/business/Lafontaine+House+luxury+facelift/8934807/story.html

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