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Originally Posted by jollyburger
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Indeed, and they've recently completed a Phase 1 61 storey condo tower called 1 Square Phillips in Montreal with 498 units, and 20 floors of 'high end rentals'. - The company noted that:
"sales for Phase 2 of 1 Square Phillips – a 21-storey building with 324 condo units – have been slower “but we have achieved quite substantial sales because of our network (of brokers) in Vancouver,” [
RENX].
Apparently that's where our investors went "
Although the Montreal condo market is slow, prices are much lower, which has attracted Vancouver investors to the Quebec metropolis. “The traction that we gain in Vancouver through the network helps us achieve quite a lot of sales.”
Kou said the Vancouver-based investors plan to rent out the units." There's no foreign buyers tax in Quebec.
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