The Indicators for the Multi-housing Market Rose Sharply in May 2024!

Market Insights, Multi-housing, Province of Quebec – May 2024

Discover the latest statistics presented by Thierry Samlal, Executive Vice-President of PMML Capital Markets. The market has shown strong growth and stability since the first quarter of 2024, with increased investor confidence despite recent regulatory changes. Real estate transactions are concentrated mainly in the Greater Montreal area.

Thierry mentions a major acquisition by Akelius for $94 million, illustrating the confidence of institutional buyers in Montreal. He also presents several specific transactions, highlighting the variations in price per door depending on the location and quality of the buildings. Transactions include buildings in Somerled, Rosemont, Repentigny, Longueuil, Côte-des-Neiges, Bellechasse, and Saint-Michel, with prices ranging from $131,000 to $500,000 per unit.