Quebec Apartment Investment Conference

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We talk about Cité Mirabel at the Québec Apartment Investment Conference.

Building on its 2017 success when it hosted more than 500 participants from the Québec real estate scene, the Québec Apartment Investment Conference returned for a second edition on Tuesday, February 31, at Palais des Congrès de Montréal. Chaired by Sanaa Benzakour, cofounder and real estate broker at Patrice Ménard Multi-Logement inc., the event was held to review on 2017 in relation to real estate investment, but also to address the different opportunities that 2018 will bring. For the occasion, a panel of experts from several fields related to real estate (economics, finance, estate brokerage, construction and many more) have been asked to speak and debate on some 2018 key issues, including the increase in interest rates and the doubts left by the current NAFTA renegotiations.

Special guest speaker along with Luc Poirier and Tommy Archambault, Ray Junior Courtemanche from Cité Mirabel presented with his usual enthusiasm the most recent projects in Cité Mirabel. Standing out with his laid-back attitude, he was comfortable speaking during one of his rare visits in the big city: “What we’re doing in Mirabel, it’s a city in a city,” he says while speaking to an attentive audience in which several discover for the first time the large number of ongoing projects in Mirabel.  Not satisfied with just building housings, Ray Junior Courtemanche wants to create “momentum.” According to him, nothing will be gained if we build houses in Mirabel while always having to go to Montreal for work or social activities. He goes on: “The key is to offer solutions suitable for everyone, solutions that will make it possible to actually live at the Cité and create an economy.“

The medical clinic, currently under construction at the heart of the Cité, is only one example out of many about what contributes, in his words, to the “360 lifestyle”: offering a well-adjusted balance between urban life, by bringing services closer, and life near nature. Indeed, in addition to streets arranged for pedestrians and cyclists, and trendy stores and restaurants within walking distance, the Cité remains the ideal starting point for outdoor enthusiasts with, among other things, the Parc du Domaine Vert and several ski resorts nearby in the Laurentians. Naturally, several other audacious projects were highlighted. Luc Poirier has repeated his intentions to create a link between Montreal’s North and South Shores via the construction of a new toll bridge connecting Sorel and Lanoraie. Major projects were also announced for Montreal, including the Humanity project on the corner of De Bleury and Viger. It was developed by Groupe Cogir Immobilier, one of the event’s main sponsors.

Leaving the event quite impressed with the growing interest in real estate and the dynamism shown during the day, Ray Junior Courtemanche notes that property developers in Québec experiment more and more with major, innovative projects. According to the favourable economic forecasts made by experts, 2018 looks very promising: expect to see several new construction sites with their cranes and workers, signs of strong economic vitality!

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