Seven years after it purchased three properties in Montreal’s Griffintown neighbourhood, Mondev plans to begin construction in September on the first phase of a three-phase, 750-unit multi-family development at the site.
Slow pre-construction condominium sales have plagued Canada’s multiresidential market, but rental housing has become an increasingly popular alternative leading to increased transaction volume in apartment buildings. That is being borne out in Canada's three largest cities, Toronto, Montreal and Vancouver.
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