I think that whoever has the money and does not buy one now will be kicking themselves in three years when it's built and worth more, just think of the prestige of owning a unit in this building?
Did anyone here take an appointment with their sales rep ? I got the email telling me they still have units available and I wanted to know what they have left.
Makes me wonder why no one attempted a project like this sooner, to be honest.
I agree, but think of it:
Tour Des Canadiens, L'Avenue, Roccabella an Incone are 8 condo towers being built within walking distance of Le Centre Bell, Montreal will soon be like/look like Toronto and people buying now at $500 a SF will eventually sell for at least $600 + a SF, Toronto and Vancouver are now over $700 a SF.
As for not doing this earlier, I don't think George Gillete wanted to do it, I think Geoff Molson made the call on this one.
Tour Des Canadiens, L'Avenue, Roccabella an Incone are 8 condo towers being built within walking distance of Le Centre Bell, Montreal will soon be like/look like Toronto and people buying now at $500 a SF will eventually sell for at least $600 + a SF, Toronto and Vancouver are now over $700 a SF.
As for not doing this earlier, I don't think George Gillete wanted to do it, I think Geoff Molson made the call on this one.
Except that the Montreal real-estate market is grossly inflated as is and the bubble is on the verge of bursting.
Except that the Montreal real-estate market is grossly inflated as is and the bubble is on the verge of bursting.
it's still not as bad as the ROC. IMO the Montreal rates were only catching up the rest of the nation.
I don't think ( I have nothing to base this on other than my own observation) there as many foreign investors inflating the demand.
the biggest danger right now , is the over confidence of buyers who assume interest rates will stay low. the day they go up , many will be ducked in the A$$.
Canadians have never been in so much debt. The Wealthy Barber should be obligatory for any high school students. That book really changed my view on personal finance.
Dropped by, this Thursday, at the Tour des Canadiens to see what as being offered.
The whole visit was quite an eye-opener, the condo units are priced at 550$ a square foot and higher! The $250K is for a unit less than 500 sq ft... basically a hotel room sized studio!
The 2 bedroom unit I was looking at was 903 sq feet, which was priced at 527K plus 60K for parking spot plus taxes for a total of $675K!!
These prices are on the high end of the Montreal condo market, the Tour des Canadiens is just a marketing ploy to sell overpriced units using the Montreal Canadiens brand. And... it is working, as of Thursday last week, of the odd 450 units available I would say that 90% already have deposits.
I guess Geoff needs to monetize that Canadiens brand and bring in some hard dollars for the investors... i'm sure he is not losing any sleep over the revenue-less lockout!!!
Pretty much this was what I thought when I heard about this. Selling overpriced condo's in an extremely busy area using the Canadiens brand and logo to do it. As much as I love everything Habs I wouldn't want to live there.
it's still not as bad as the ROC. IMO the Montreal rates were only catching up the rest of the nation.
I don't think ( I have nothing to base this on other than my own observation) there as many foreign investors inflating the demand.
the biggest danger right now , is the over confidence of buyers who assume interest rates will stay low. the day they go up , many will be ducked in the A$$.
Canadians have never been in so much debt. The Wealthy Barber should be obligatory for any high school students. That book really changed my view on personal finance.
We catch up to the ROC with our tax system alone. Taking that into consideration we're surpassing the rest of the nation.
Montreal's skyline has changed in 20 years. At least the condos projects announced or in construction since last year will change the skyline and add some needed density.
