Old School, New Development by Irwin Block for The Gazette - April 19
On the southwestern flank of Mount Royal sits a 6.5-hectare property that can only be described as an urban jewel.
It’s the former home of Marianopolis College, and its owners, the Sulpician priests, have put the property up for sale.
But with a hefty municipal evaluation of $45 million, and a host of restrictions on how the property can be used, its fate is unclear.
GVA Devencore, the real estate broker and consultant that is selling the property on behalf of the Sulpicians, says potential buyers have shown serious interest in it. Read More
The residential resale market shows positive results for the first quarter of 2008. When comparing with the same period in 2007, the number of sales decreased slightly by 4% and the median price of single-family homes increased by 8%, according to the Greater Montréal Real Estate Board’s (GMREB) MLS® system data.
“The Montréal Metropolitan Area did pretty well, considering the performance of other large Canadian cities like Calgary and Toronto, which show higher decreases in activity since the beginning of the year,” says Michel Beauséjour, FCA, Chief Executive Officer of the GMREB. “Lower interest rates and a strong job market should both have a positive effect on results over the next few months.” Read More
