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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Friday, June 21, 2019

Montreal’s real estate market might be entering a golden age

With activity levels higher than at any time over the past half-century, Montreal’s flourishing real estate sector might be approaching a period of even stronger growth and extremely positive long-term prospects, according to Devencore CEO Jean Laurin.

From major infrastructure projects to sustained investment volumes, from residential construction to office and condo development, from robust economic performance to the influx of highly skilled and intelligent people, Montreal is exhibiting all indications of a city on an unstoppable rise.

“We may very well look back on this period in Montreal’s evolution and recognize it as marking a truly momentous turning point,” Laurin predicted, as quoted by RENX.

In particular, the REM rapid transit system currently being built is expected to kick the real estate market into high gear.

“Whenever you touch the infrastructure of a city that by itself triggers development activity,” Laurin stated.

Among the main attractions is the 4.5-million-square-foot, 3,000-residential-unit Quartier des Lumières, currently being developed by Groupe Mach from the legacy CBC-Radio-Canada land.

Aside from housing space, the project will offer 600,000 sq. ft. of retail and approximately one million sq. ft. in offices.

Over the last few years, much of the demand for the city’s office assets has been driven by the tech sector, especially those involved in the AI R&D, gaming, and mobile/online app segments.

Another motivating factor is Montreal’s four universities which “recruit and attract a lot of smart people and get the attention of a lot of international investors,” many of them being parents of the students magnetized by these institutions.

“Canada is a safe place to park dollars and investments (given its good investment returns, low security issues and solid banking system),” Laurin explained. “We’re welcoming to outside investors or people that want to move to the country.”

CREW

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

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