October 2024: Opportunities to Optimise and Increase Rents
Update: 2024-11-28
Description
Market Insights, Multifamily, Province of Quebec - October 2024
Thierry Samlal, Executive Vice-President of Capital Markets at PMML, presents the latest market statistics and trends. Highlights include a major acquisition in Montreal by InterRent and Crestpoint: a 20-storey building purchased for $107 million. Other noteworthy transactions took place in Gatineau, Verdun and Plateau Mont-Royal, testifying to a dynamic market with opportunities for optimisation and rent increases.
Thierry points out that institutional buyers are working together to spread risk and aim for top-quality projects. He also highlights the revitalisation of areas such as the Olympic Stadium in Montreal, encouraging people to take advantage of current market opportunities.
Thierry Samlal, Executive Vice-President of Capital Markets at PMML, presents the latest market statistics and trends. Highlights include a major acquisition in Montreal by InterRent and Crestpoint: a 20-storey building purchased for $107 million. Other noteworthy transactions took place in Gatineau, Verdun and Plateau Mont-Royal, testifying to a dynamic market with opportunities for optimisation and rent increases.
Thierry points out that institutional buyers are working together to spread risk and aim for top-quality projects. He also highlights the revitalisation of areas such as the Olympic Stadium in Montreal, encouraging people to take advantage of current market opportunities.
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