Displayed under the Mostra Centropolis banner, the development will offer more than 40,000 square feet of green spaces, the layout of which will be part of a responsible development approach to reduce the presence of heat islands in the sector.

The ground floor will include a commercial space intended for local shops, in addition to the abundant supply already installed around.

The contemporary signature of that architecture is the work of the firm Forme Studio Architecture, and supported by designer Frédéric Clairoux for the design of the interior spaces.

The project will consist of two towers of 193 and 170 units, rising to twelve and fifteen floors respectively. Many indoor parking lots, storage and bicycle spaces will also be available.

Reservations for rental places there will be available next fall. (C.P./IJL)

translated by Alec Brideau

L’article Launch of Mostra Centropolis est apparu en premier sur Courrier Laval news.

In absolute numbers, it’s a “significant drop” of 1,501 sales, according to the Quebec Professional Association of Real Estate Brokers (QPAREB).

The 2,770 sales, listed in the Centris provincial database of real estate brokers, are representing the lowest level of activity recorded since 2014 for the month of October.

General decline

Although below the average for Montreal’s CMA, Laval is still behind by 29 per cent, its sales having dropped from 407 to 289 in 12 months.

Of all sectors, the North Shore is the one that’s doing the best, despite a 26 per cent decline in transactions.

Analyzing

“The rise’s amplitude in interest rates in the space of a few months, and the inflationary context eating into the purchasing power of households are obviously the main causes,” explained by press release director of the market analysis service of the QPAREB, Charles Brant.

Brant also noted “a more cautious attitude of households and investors, who would have the financial capacity to make their purchase project possible, but prefer to wait for a stabilization of the situation, and a market conditions that will be more favorable to them”.

Registrations Up

In this context of a more significant slowdown in sales, the increase in the number of active listings continued for a sixth consecutive month across Montreal’s CMA.

Registrations reached a total of 16,269 in October, up seven per cent from the previous month. Compared to the 10,840 properties on the market at the same date last year, the increase is around 50 per cent.

In Laval, registrations increased by 45 per cent between October 2021 and 2022, going from 903 to 1,310.

However, when comparing the first 10 months of the current year with the same period in 2021, the inventory’s increase is rather 10 per cent in the whole metropolitan area, and three per cent for Laval’s territory.

translated by Alec Brideau

L’article Real Estate Market: The Fall in Sales Worsened in October est apparu en premier sur Courrier Laval news.