{"id":15618,"date":"2014-04-21T05:46:15","date_gmt":"2014-04-21T09:46:15","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=15618"},"modified":"2014-04-10T16:09:39","modified_gmt":"2014-04-10T20:09:39","slug":"montreals-diverse-economy","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/montreals-diverse-economy\/","title":{"rendered":"Montreal\u2019s Diverse Economy Appeals to Investors"},"content":{"rendered":"

\"download\"<\/a>Montreal\u2019s size appeals to pension funds that have seen their real estate allocations going up, says Armand Des Rosiers, one of Montreal\u2019s key real estate experts.<\/p>\n

People understand that Montreal, being the second largest metropolitan area in the country, is a large market,\u201d says Des Rosier, who directs RBC Capital Markets Real Estate Group. \u201cInvestors are very sophisticated and they understand how our economy works. They see that our economy is diversified. Investments over the years in Montreal have produced the expected returns. Montreal is looked on favourably by investors across the country.\u201d<\/p><\/blockquote>\n

Montreal\u2019s real estate market has benefited most from active development projects by pension funds that have teamed up with private developers to offer opportunities for buyers, says Des Rosiers.<\/p>\n

There has been a lot of retail development around Montreal and that has created opportunity for investors. I see that continuing.\u201d<\/p><\/blockquote>\n

At the same time, there\u2019s a big difference between top tier assets, which sell quickly at premium prices and b-assets that generate higher cap rates and move more slowly, if at all.<\/p>\n

Most investors have ample liquidity and are looking to acquire properties that produce quality cash flow, but they\u2019re very discriminating,\u201d says Des Rosiers.<\/p><\/blockquote>\n

The most appealing projects right now are those in which people are creative about finding alternative uses for properties, especially in the less-risky asset classes, such as multi-residential, retail and some office.<\/p>\n

We\u2019ve been selling some office and some industrial and people are finding upsides in those markets,\u201d he says. \u201cI think now people look at properties and they see alternative uses for these properties. You are seeing many office buildings being converted to residential use.\u201d<\/p><\/blockquote>\n

Note: This article appears on page 27 of the\u00a0Spring 2014\u00a0<\/a>issue of Canadian Real Estate Magazine.<\/p>\n","protected":false},"excerpt":{"rendered":"

Montreal\u2019s size appeals to pension funds that have seen their real estate allocations going up, says Armand Des Rosiers, one of Montreal\u2019s key real estate experts. People understand that Montreal, being the second largest metropolitan area in the country, is a large market,\u201d says Des Rosier, who directs RBC Capital Markets Real Estate Group. \u201cInvestors […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[21],"tags":[263,261,262,96,264,265],"class_list":["post-15618","post","type-post","status-publish","format-standard","hentry","category-island-report","tag-armand-des-rosier","tag-favourably","tag-investors","tag-montreal","tag-rbc-capital-markets","tag-real-estate","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-43U","jetpack-related-posts":[{"id":1587,"url":"https:\/\/traceyarial.com\/blog\/en\/mtlversuscornwall\/","url_meta":{"origin":15618,"position":0},"title":"Record-setting industrial market in Cornwall leaves Montrealer puzzled","author":"Tracey Arial","date":"May 7, 2013","format":false,"excerpt":"Target\u2019s decision to build a 1.3 million square-foot distribution site close to Highway 401 in Cornwall follows similar decisions by Walmart and Shoppers Drug Mart to build on 1.5 million square-foot and 600,000 square-foot properties respectively. Meanwhile, large industrial parks around Montreal have lots of availability. \u201cWe\u2019re losing companies from\u2026","rel":"","context":"In "Island Report"","block_context":{"text":"Island Report","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/island-report\/"},"img":{"alt_text":"CornwallTarget","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/CornwallTarget.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15675,"url":"https:\/\/traceyarial.com\/blog\/en\/commercial_real-estate\/","url_meta":{"origin":15618,"position":1},"title":"Canadian Commerical Real Estate Mostly Healthy","author":"Tracey Arial","date":"May 12, 2014","format":false,"excerpt":"Other than potential saturations in the office markets in Toronto, Edmonton and perhaps Montreal, the fundamentals for commercial real estate in Canada are strong. So says Michael Dal Bello, an investment partner at Pritzker Group Private Capital. The fundamentals are very good in Edmonton, in terms of industrial, retail, and\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2031,"url":"https:\/\/traceyarial.com\/blog\/en\/montreals-development-plan\/","url_meta":{"origin":15618,"position":2},"title":"Consultations into Montreal\u2019s Development Plan Begin June 3","author":"Tracey Arial","date":"May 31, 2013","format":false,"excerpt":"Interested in having a say about real estate development over the next twenty years in the City of Montreal? The office de consultation publique de Montr\u00e9al (OCPM) begins a full-scale consultation into Montreal\u2019s Development Plan next week. Everything will be posted to the OCPM website (http:\/\/www.ocpm.qc.ca\/) as hearings proceed. 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That\u2019s the question many are asking as they get their bills for 2013. \u201cI have my tax bill for 2013 and it is $17,581.53 for the period from January 1 until December 31,\u201d said Philippe Sarrasin, the\u2026","rel":"","context":"In "Politics That Matter"","block_context":{"text":"Politics That Matter","link":"https:\/\/traceyarial.com\/blog\/en\/category\/cultural-identity\/politics-that-matter\/"},"img":{"alt_text":"Canadian Corporate Taxes","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Corporatetaxchart-600x279.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Corporatetaxchart-600x279.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Corporatetaxchart-600x279.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":1589,"url":"https:\/\/traceyarial.com\/blog\/en\/deloittes-unequalled-approach\/","url_meta":{"origin":15618,"position":4},"title":"Deloitte’s Unequalled Approach","author":"Tracey Arial","date":"May 6, 2013","format":false,"excerpt":"Deloitte recently decided to undergo a major real estate transformation to provide a more innovative environment for 9,400 employees across Canada. 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