Why are Montreal condo towers and the number of condos increasingly getting higher?

Answer: Montreal is an island. There is a shortage of natural land. It is a big Manhattan. The world forgets that this is not the GMA. Toronto is referred to the Greater Toronto Area. Montreal cannot be referred to as the Greater Montreal Area. It is an island, there is a natural rarity. And when there is natural rarity, as I said my grandmother told me when I was young, “You should buy land, they will not be building them anymore. ” This is exactly what is happening in Montreal right now. There are no more properties, disinfected factories, parking lots, they are slowly disappearing one after the other. So what does this do? Causes densification as the urbanization curve stays the same everywhere no matter where you are on the planet. Exactly. We have followed the same trajectory as the curve in New York, Paris, Vancouver, we’re just at a different point on the curve of urbanization, but ultimately we are all going to the same place. We will attain the prices, and densification of Hong Kong sooner or later, I guarantee you. Let’s not forget, compared to most cities, Montreal is an island, so this curve will accelerate even faster than that of these cities.

Just a word from Pat!

Patrice Groleau, certified real estate broker owner McGill Real Estate & McGill Commmercial

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. Patrice Groleau is also a OACIQ certified professional instructor specialized in the Sales & Marketing of Real Estate Projects. 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.