HFBoards

Go Back   HFBoards > NHL Eastern Conference > Atlantic Division > Montreal Canadiens
Mobile Hockey's Future Become a Sponsor Site Rules Support Forum vBookie Page 2
Notices

Has anyone purchased a Tour Des Canadiens condo?

Reply
 
Thread Tools
Old
11-15-2012, 11:22 AM
  #101
WestIslander
Registered User
 
WestIslander's Avatar
 
Join Date: Feb 2008
Location: Montreal, Quebec
Country: Canada
Posts: 2,365
vCash: 500
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?

WestIslander is offline   Reply With Quote
Old
11-15-2012, 03:48 PM
  #102
Mister Potato
Registered User
 
Mister Potato's Avatar
 
Join Date: Sep 2009
Country: Hong Kong
Posts: 872
vCash: 500
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.

Mister Potato is offline   Reply With Quote
Old
12-17-2012, 11:09 AM
  #103
WestIslander
Registered User
 
WestIslander's Avatar
 
Join Date: Feb 2008
Location: Montreal, Quebec
Country: Canada
Posts: 2,365
vCash: 500
The condos SOLD OUT in one month and broke all sales records in Montreal's history!!!

Condos that sold for $290K were sold for $320K less than 6 weeks later due to supply and demand, now all that is left is L'Avenue across the street.

WestIslander is offline   Reply With Quote
Old
12-17-2012, 11:15 AM
  #104
La Grosse Tendresse
Registered User
 
La Grosse Tendresse's Avatar
 
Join Date: Sep 2005
Location: Rouyn-Noranda
Country: Canada
Posts: 1,518
vCash: 500
So Geoff makes more money, huzzah! (?)

La Grosse Tendresse is offline   Reply With Quote
Old
12-18-2012, 07:52 AM
  #105
WestIslander
Registered User
 
WestIslander's Avatar
 
Join Date: Feb 2008
Location: Montreal, Quebec
Country: Canada
Posts: 2,365
vCash: 500
Geoff Molson and Canadiens Hockey Club are very minority owners in the project, this is Candarel and Cadillac Fairview's baby.

WestIslander is offline   Reply With Quote
Old
12-18-2012, 09:01 AM
  #106
hototogisu
Global Moderator
Poked the bear!!!!!
 
hototogisu's Avatar
 
Join Date: Jun 2006
Location: Montreal, QC
Country: Canada
Posts: 39,583
vCash: 500
Awards:
Makes me wonder why no one attempted a project like this sooner, to be honest.

hototogisu is offline   Reply With Quote
Old
12-18-2012, 09:56 AM
  #107
WestIslander
Registered User
 
WestIslander's Avatar
 
Join Date: Feb 2008
Location: Montreal, Quebec
Country: Canada
Posts: 2,365
vCash: 500
Quote:
Originally Posted by hototogisu View Post
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.

WestIslander is offline   Reply With Quote
Old
12-20-2012, 04:56 PM
  #108
Poulet Kostopoulos
Registered User
 
Poulet Kostopoulos's Avatar
 
Join Date: Oct 2009
Posts: 4,911
vCash: 500
Quote:
Originally Posted by hototogisu View Post
Makes me wonder why no one attempted a project like this sooner, to be honest.
There's always someone late to the party...

Poulet Kostopoulos is offline   Reply With Quote
Old
12-20-2012, 05:47 PM
  #109
thom
Registered User
 
Join Date: Mar 2012
Posts: 2,262
vCash: 500
Does anyone no if Guy Lafleur is invested in the project?He was heard and seen

thom is offline   Reply With Quote
Old
12-20-2012, 06:31 PM
  #110
MarkersMark*
 
Join Date: Jul 2012
Posts: 195
vCash: 500
Quote:
Originally Posted by WestIslander View Post
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.
Except that the Montreal real-estate market is grossly inflated as is and the bubble is on the verge of bursting.

MarkersMark* is offline   Reply With Quote
Old
12-21-2012, 12:04 AM
  #111
Woland
Registered User
 
Woland's Avatar
 
Join Date: Mar 2007
Location: Montreal
Country: Canada
Posts: 1,478
vCash: 500
Quote:
Originally Posted by MarkersMark View Post
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.

Woland is offline   Reply With Quote
Old
12-21-2012, 12:28 AM
  #112
Saintpatrick*
 
Join Date: Oct 2009
Location: Montreal
Country: Canada
Posts: 4,135
vCash: 500
Quote:
Originally Posted by WakeUpNHL View Post
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.

Saintpatrick* is offline   Reply With Quote
Old
12-21-2012, 01:17 AM
  #113
MarkersMark*
 
Join Date: Jul 2012
Posts: 195
vCash: 500
Quote:
Originally Posted by Woland View Post
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.

MarkersMark* is offline   Reply With Quote
Old
12-21-2012, 10:46 AM
  #114
Huge94
Registered User
 
Huge94's Avatar
 
Join Date: Oct 2011
Location: Montreal
Country: England
Posts: 358
vCash: 500
Talk about paying for the brand name.

Huge94 is offline   Reply With Quote
Old
12-23-2012, 01:34 AM
  #115
DumFries
Registered User
 
DumFries's Avatar
 
Join Date: Jun 2009
Location: Shawinigan
Country: Canada
Posts: 492
vCash: 500
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.

DumFries is offline   Reply With Quote
Old
08-16-2015, 10:34 AM
  #116
risingstar
Registered User
 
Join Date: Nov 2014
Posts: 1
vCash: 500
Are these units being sold anywhere?

risingstar is offline   Reply With Quote
Old
08-16-2015, 10:38 AM
  #117
S Bah
Registered User
 
S Bah's Avatar
 
Join Date: Nov 2010
Location: victoria bc
Country: Wales
Posts: 7,301
vCash: 500
Quote:
Originally Posted by shamrun View Post
Dont come anywhere near Vancouver.....**** is on another level over here.
Yeah you get a closet in Vancouver for $250,000, No View!!!

S Bah is offline   Reply With Quote
Old
08-16-2015, 11:26 AM
  #118
Brainiac
Registered User
 
Brainiac's Avatar
 
Join Date: Feb 2013
Location: Montreal
Posts: 9,436
vCash: 500
Quote:
Originally Posted by S Bah View Post
Yeah you get a closet in Vancouver for $250,000, No View!!!
Basically.

What really strikes me with inflated markets is the fact that people were ready to dish out some serious money for some crappy and crumbling houses.

At least we don't have much of that in Montreal. The city is in pretty good shape in terms of residential buildings.

My guess is that we'll see a minor correction and smooth landing. The assets are not overvalued as much as it was elsewhere.

Brainiac is offline   Reply With Quote
Old
08-16-2015, 09:49 PM
  #119
la25ecoupe
Registered User
 
Join Date: Sep 2008
Country: Canada
Posts: 6,040
vCash: 500
Did they finish construction?

la25ecoupe is offline   Reply With Quote
Old
08-16-2015, 11:09 PM
  #120
Sthabs
Registered User
 
Sthabs's Avatar
 
Join Date: Apr 2006
Posts: 2,222
vCash: 500
http://tourdescanadiens.com/tour1/tr...-construction/

Sthabs is offline   Reply With Quote
Old
08-17-2015, 09:15 AM
  #121
MtlBoxFan
Registered User
 
Join Date: Jun 2014
Posts: 254
vCash: 500
Quote:
Originally Posted by OpenIceHit View Post
I don't think prices will go down. They can stagnate for a few years but he doesn't risk anything buying one of these condos at that price. And renting it or using Airbnb will certainly help him make a little profit while waiting for the price of housing to go up again a few years later.
Prices are going to come crashing down eventually. Montreal does not have the income to support an oversupplied and inflated condo market.

Go ahead, blow 250k-300k on a broom closet. At least there's value being near the bell center. But with nuns island, griffin town, the plateau, constantly under construction building condos that are not fully occupied, it will eventually lead to prices coming down.

Montreal has the highest urban unemployment in Canada and household debt is constantly increasing. You can see boarded up businesses on St Catherine's, St Laurent blvd, closed stores throughout the eaton's center.

Tour des Canadien should have been built in 2008. Right now, it's going to be a long process to make money on these units.

MtlBoxFan is offline   Reply With Quote
Old
08-17-2015, 11:26 AM
  #122
Burke the Legend
Registered User
 
Burke the Legend's Avatar
 
Join Date: Feb 2012
Posts: 4,639
vCash: 50
Quote:
Originally Posted by WestIslander View Post
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,
What's funny is that is a boring, dreary area. I feel like a lot of the people buying do not intend to actually live there but want to rent them out and sit on them for speculation.

Burke the Legend is offline   Reply With Quote
Old
08-17-2015, 12:00 PM
  #123
Oleg Petrov
Registered User
 
Join Date: Jun 2008
Posts: 1,417
vCash: 500
Not going to comment on Vancouver, but the difference between Toronto and Montreal is that people have jobs that pay well in Toronto.

Just last week, CTV came out with a report that Montreal led the country in joblessness. That is not a good sign for the housing market.

Anyone who owns property better be in for the long haul or will be ready to cut their losses. This is going to get worse before it gets better.

Oleg Petrov is offline   Reply With Quote
Old
08-17-2015, 04:56 PM
  #124
Alexdaman
Wolfman
 
Alexdaman's Avatar
 
Join Date: Mar 2012
Location: Pominville, Qc
Country: Canada
Posts: 7,969
vCash: 50
Quote:
Originally Posted by Joe Cole View Post
WestIslander and HarryHabs...

do you think that your car will hoover over the thousands of people and cars on every event night?

Sure, it is nice to walk to work, but you also have the noise and crowds of the trains in the AM and event crowds in the PM. Seriously, there are better options downtown.

Walk to Mourelatos, that I was unaware of and is a benefit but.... how far is the walk with your 5 grocery bags, every time you do groceries.

Sound proof, yeah yeah. None of us have ever lived that close to THAT much constant huge crowds and the stuff it brings with it.

I can see the allure, but the REAL day to day would grind on me very fast. As a third home, I think it would be cool.
Why do you need a car downtown?

Alexdaman is offline   Reply With Quote
Old
08-17-2015, 04:58 PM
  #125
Alexdaman
Wolfman
 
Alexdaman's Avatar
 
Join Date: Mar 2012
Location: Pominville, Qc
Country: Canada
Posts: 7,969
vCash: 50
Quote:
Originally Posted by Oleg Petrov View Post
Not going to comment on Vancouver, but the difference between Toronto and Montreal is that people have jobs that pay well in Toronto.

Just last week, CTV came out with a report that Montreal led the country in joblessness. That is not a good sign for the housing market.

Anyone who owns property better be in for the long haul or will be ready to cut their losses. This is going to get worse before it gets better.
Do you have any idea how high the cost of living in Toronto is?

Alexdaman is offline   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:21 AM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"

vBulletin Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. 2016 All Rights Reserved.