Question: How much profit are the developers in real estate projects in Montreal making?
Answer: Not 50%, not 40%, not 30%, but between XX% and XX% (WATCH VIDEO!).
Forget the notion that developers are raking in the big bucks.
If the developer does something wrong or makes mistakes, he will make losses very, very quickly.
When you, as a buyer, go into a sales office, you think you can go get a 25% discount.
There is no a developer that will work at a loss and sell at a discount.
Patrice Groleau , owner & certified real estate broker
Patrice Groleau was born and raised in Quebec. He completed a Bachelor’s degree in human resources at the Université du Québec à Montréal, as well as a graduate degree in Entrepreneurship at the Université de Sherbrooke and in Advanced Project Management from McGill University in Montreal. Patrice Groleau obtained licenses in Risk Management from the Université du Québec à Montréal and Canadian Securities from the Canadian Securities Institute, as well as a Real Estate Agent degree and a Chartered Real Estate Broker’s & Agency Excecutive Officer (AEO) degree from the Collège de l’immobilier du Québec.
Member of the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) and of the Greater Montreal Real Estate Board, Mr. Groleau also has a solid background in finance, having worked for several major financial institutions.