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Foreign investment in Quebec hit record $6 billion in 2022-23
Quote:
Fifty-eight per cent of foreign investments, or $3.55 billion, were made outside of Montreal, Fitzgibbon said. When Laval and the Montérégie are excluded, Quebec’s regions attracted $2.5 billion, he added.
So Investment Quebec attracted about $2.45B of FDI to the Island of Montreal, on top of the $2.8B attracted by Montreal International. With other investments + businesses I have helped attract/private firms investing on their own, the Island of Montreal attracted roughly $7B in FDI, maybe higher. Metropolitan area is closer to $9-$10B. Considering this was still during peak covid and we re-opened in May, fantastic news.
Livmore phase 2 (46 floor, 156 metre tower) will be starting construction soon. Lots of projects in the pipeline, contingent on banks funding when projects are complete. They're being tighter with loans considering everything going on lately.
Foreign investment in Quebec hit record $6 billion in 2022-23
So Investment Quebec attracted about $2.45B of FDI to the Island of Montreal, on top of the $2.8B attracted by Montreal International. With other investments + businesses I have helped attract/private firms investing on their own, the Island of Montreal attracted roughly $7B in FDI, maybe higher. Metropolitan area is closer to $9-$10B. Considering this was still during peak covid and we re-opened in May, fantastic news.
Excellent! Thanks for putting in all the good work!
Excellent! Thanks for putting in all the good work!
It has not been easy, but the hard work surly pays off. Love seeing what IQ, MTL-INT and others have been doing, along with my team. Only crappy thing is a lot of it cannot be disclosed to the public, I really wish I was able to tell everyone how many (and which) companies are expanding to the city or moving their HQ here.
It has not been easy, but the hard work surly pays off. Love seeing what IQ, MTL-INT and others have been doing, along with my team. Only crappy thing is a lot of it cannot be disclosed to the public, I really wish I was able to tell everyone how many (and which) companies are expanding to the city or moving their HQ here.
That’s very encouraging. It’s still nice that you can disclose that a lot is forthcoming!
That’s very encouraging. It’s still nice that you can disclose that a lot is forthcoming!
Yeah it's a tricky spot lol, they know I post here too so I don't have many options in disclosing which specific companies are coming or have come. We want to respect clients privacy, NDAs and agreements we've had.
Some updates for upcoming major projects (proposed/in progress)
1. Quartier Lachine Est: 7,800 units, 4-15 floors and tramway*
2. Project Bonaventure: Real estate promoters touched up their proposal, up to 9,700 units (no renders yet).
Revised Bridge-Bonaventure project includes additional housing units: developers
Highlights:
Quote:
Of the planned 9,700 residential units, 2,257 would be considered social or family dwellings and 1,500 would be considered affordable, architect Brian Fahey said Tuesday. A “civic hub” capable of integrating a public school and other community, cultural and sports services would also be built.
Building heights in a revamped Bridge-Bonaventure could reach 80 metres, with “strategically positioned peaks” of up to 120 metres for the northern triangle of Pointe-St-Charles, the Lachine Canal banks, the area around the Wellington Basin and Pointe-du-Moulin, developers say. A 120-metre-tall building would have about 40 storeys, while an 80-metre-tall building would have about 25, Goulet said.
Also included in the plan is the addition of a Réseau Express Métropolitain station at the corner of Bridge and Wellington Sts. It’s essential that the light-rail station be ready when the first residents move in later this decade, Goulet said.
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Business activities would be concentrated in a 46,000 square metre area of built space that includes the Pointe-St-Charles employment zone, the Bridge commercial sector and the ADM flour mill.
Under the current plan, some 2 million square feet of space would be reserved for economic and commercial activities, down from a previous estimate of 2.6 million square feet, said Fahey.
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