TGIF… and a long weekend too! Take advantage of the time off by catching up on some local real estate news. It’s been a busy week in Montreal’s housing market, but we’ve compiled a quick recap of all the latest happenings:
Montreal Renames Griffintown Park after Founder Mary Griffin
In an attempt to infuse Montreal’s cityscape with more female representation, the city has unveiled plans to rename a plot of land in Griffintown after renowned Montreal businesswoman Mary Griffin. This comes in tandem with local efforts to dedicate 365 streets and public spaces to famous women and Toponym’Elles, an open platform dedicated to sharing information about significant women in Montreal’s history.
City Of Montreal Receives $75 Million To Clean Up 62 Contaminated Sites
Mayor Valérie Plante disclosed plans to decontaminate 62 sites on Montreal Island. These mainly consist of former landfills, garbage dumps and industrial quarries, which now lie under residentially zoned land. Quebec’s Environment Ministry estimates that 20% of the province’s contaminated land is located in Montreal. To help tackle this issue the provincial government has provided a $75 million budget.
Verdun shows highest appreciation rate for single family homes – 2018
We pulled Centris data over the past four quarters to determine which Montreal neighbourhoods appreciated the most in 2017 (in the single family home segment) and which areas appreciated the least. Some areas recorded skyrocketing prices, while other areas saw a much less significant appreciation rate.Verdun led the way at 20% year over year. Ville Marie recorded the lowest rate at -7%.
What To Expect From The Spring Real Estate Market In Montreal
Rising prices and limited inventory set Montreal homebuyers up for a competitive spring home-buying season this year. According to the latest GMREB housing statistics, home sales on Montreal Island have increased by 5% compared to February 2017, while active listings have dropped by 17%.
Devimco Selected To Develop New Mixed-Use Project At Longueuil Station
Devimco Immobilier was selected this week to develop a mixed-use residential and commercial project at the Longueuil-Universite-de-Sherbrooke metro station. The deal will see the redevelopment of Place Charles Lemoyne. The new build will include 523 condo units for sale and for rent, a hotel, office spaces, co-working spaces, and incubation spaces for start-ups.
This article, Top Stories This Week – March 30, 2018, appeared first on Shupilov News.