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Two condo high rises going up in the Eastern part of downtown Montreal, across from Place Émilie-Gamelin. One project is at 550-562 rue Saint-Catherine Est, other is 800-850 St. Cat. Both projects combined will have 481 rental units, with retail at the ground level. I'm not a fan of the architecture, but at least the second one has murals above the sidewalk and the upper setback (if they go ahead with it). Both will be built by Mondev.
As I keep updating this thread ad nauseum due to the backlog, in 2020 Montreal got the IPAF festival art mural (International Public Art Festival). Although they are located here, all the work has been done in Mexico, South Africa, France and Martinique. In 2020, two new murals were made in downtown Montreal and it is the first time IPAF has done murals in North America.
So now Montreal has the worlds largest outdoor mural festival (Mural Fest) the largest graffiti/hip-hop fest in the world (Under Pressure) along with all the smaller events in all boroughs and now IPAF.
Yeah! they still had a full program this summer (minus the crowds) but they expanded the festival as well. It's still concentrated in the Eastern part of downtown, but they've added more walls along the way, which is awesome considering they lost a few with the new developments in the area.
Happened a few days ago, but stuff like this is rare in Montreal. It is good news since it shows confidence in people wanting to live and invest in the downtown area.
$11M Rockstar: Ritz-Carlton penthouse just broke a Montreal record for condo sales
Quote:
A Ritz-Carlton penthouse condominium nicknamed “the Rockstar” has sold for $11 million, making it the highest condominium sale recorded through the MLS real-estate listing system in Quebec history.
Purchased by an international buyer who owns several properties and didn’t visit the residence before putting in a bid, the 5,300-square-foot penthouse features panoramic views of Mount Royal via its 25-foot floor-to-ceiling glass walls. A private elevator (or the circular glass and steel staircase) brings residents to the second-storey, where the master suite is located. It also boasts nearly 1,700 square feet of outdoor terrace space.
Population update (both good and bad news) for July 1,2020 estimates.
Good news: Stats Can estimates the Greater Montreal Area (GMA) is now at 4.364 million people (up from the 4.08M it had on the 2016 census). However, in the estimates, 2016 was at 4,140,425, so +223,764 over five years, or an average of 44,752 per year, which is solid.
Bad news: Island of Montreal only saw a net gain of 5,000 people between 2019-2020, with 35,900 leaving for suburbs or other regions in Quebec. The estimated population for the Island of Montreal is now 2,069,849. Of course, COVID was the main culprit of slow population growth, immigration and people leaving for the suburbs again. Hopefully 2021 will see a much more positive result.
Population update (both good and bad news) for July 1,2020 estimates.
Good news: Stats Can estimates the Greater Montreal Area (GMA) is now at 4.364 million people (up from the 4.08M it had on the 2016 census). However, in the estimates, 2016 was at 4,140,425, so +223,764 over five years, or an average of 44,752 per year, which is solid.
Bad news: Island of Montreal only saw a net gain of 5,000 people between 2019-2020, with 35,900 leaving for suburbs or other regions in Quebec. The estimated population for the Island of Montreal is now 2,069,849. Of course, COVID was the main culprit of slow population growth, immigration and people leaving for the suburbs again. Hopefully 2021 will see a much more positive result.
These older, densely-built cities are always going to have a harder time increasing population numbers significantly within city limits. Look at Philly, Boston, Chicago, etc. There isn't much room for growth within the city. Montreal is no different. Most growth is occurring in nearby suburbs with plenty of space for expansion, such as Brossard and Terrebonne.
These older, densely-built cities are always going to have a harder time increasing population numbers significantly within city limits. Look at Philly, Boston, Chicago, etc. There isn't much room for growth within the city. Montreal is no different. Most growth is occurring in nearby suburbs with plenty of space for expansion, such as Brossard and Terrebonne.
It's primarily due to covid that as of July 1st, 2020, the Island only saw 5,000 net gain. The years before were at least 20k total. What makes me sad though is that Plante has been an atrocious mayor (even worse working for her good lord) and has not followed up on the strategies Coderre put in place to attract more people downtown and onto the island. If she had followed through, it would have mitigated the impact of people fleeing to the suburbs. Parts of the plan included no welcome tax and more 2 + 3 bedroom apartments (unlike her 20-20-20 plan which will lead to rents to increase by 20% and has led to developers flaking out on building more family units).
Take into account everything you mentioned + REM and TOD elsewhere, these numbers won't go away anytime soon, but the 5,000 net gain will be temporary. I'm sure once covid ends and immigration is back up, the growth will go back to pre-pandemic numbers.
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