Bell Centre development area - Multiple towers to be built by 2015
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07-17-2012, 12:05 PM
Join Date: Mar 2008
Originally Posted by
Montreal needs more affordable apartments than condos
, but if people can afford it without getting a 50 year mortgage, good on them.
Sadly because of current legislation its not really advantageous to build apartment blocks so cheaper accomodation is likely to get worse and worse.. Theres a gap there, growing, but no one can take advantage of it.
Meanwhile contractors usually build condos until the market is completely stagnated. Its going to take a long while in Montreal because of the size of that market. I come from a very small town (Nicolet, around 7000pop) and they are currently building like crazy, the impact is visible much sooner. My dad knows this market well since he's owned properties for decade and he's currently fleeing the place. The contractors just build and build and build like mad there since they can't anymore in Trois Rivieres. Like fish that eat all they can until they die basically.
Last edited by Crimson Skorpion: 07-17-2012 at
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