A Significant Montreal Multifamily Deal. The sale of Alba at 170 René-Lévesque Blvd. E. in Montreal was a notable 2024 multifamily transaction. The 20-storey, 248-unit apartment property was acquired by InterRent REIT and Crestpoint Real Estate Investments for $107 million from Mondev and Hillpark Capital. Completed in 2023, Alba was a relatively new addition to Montreal’s downtown rental market. It is positioned near downtown, the Quartier des spectacles and the Old Port, with amenities including a rooftop pool and terrace, lounge, gym and storage. Marketing began May 14, 2024. Public report
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What makes a property well managed? The answer is not simply a clean building or a quick response to a maintenance request. Effective property management in Montreal requires a combination of operational discipline, tenant communication, maintenance, market awareness and long-term asset planning. Every building is different. Its age, construction, location, tenants, physical condition and surrounding neighbourhood all influence how it should be managed. Residential tenants are concerned with safety, maintenance, cleanliness, communication and comfort. Commercial tenants may focus on accessibi
To understand why 69 Yonge Street matters, it helps to understand the ambitions behind it. The building was constructed between 1911 and 1913 as the corporate headquarters of the Canadian Pacific Railway — at the time, one of the most powerful corporate entities in the country. The railway was enjoying its most prosperous era under the leadership of Sir Thomas Shaughnessy, and it wanted a headquarters that reflected that stature: a building that consolidated the company's various Toronto offices under a single, imposing roof. The commission went to Darling and Pearson, the architectural firm
Modern real estate development extends beyond acquiring and managing properties. Today's investors are increasingly expected to contribute positively to the communities in which they operate. Across Montreal, discussions around urban growth often focus on sustainability, affordability, neighbourhood revitalisation, and economic development. Developers and property managers frequently collaborate with architects, engineers, urban planners, and local stakeholders to ensure projects align with community needs. As Montreal continues to evolve, investment in infrastructure, housing, and commercial