Cree Nation plans to add to Montreal’s Skyline with a 26-storey tower

Montreal skyline

Quebec’s Cree Nation unveils plans to construct a 26-story building worth approximately $100 million as it prepares to tap into Montreal’s property development, according to CBC News. The high-rise building is designed with a massive styled canoe on the southern side and will sit on Robert Bourassa Boulevard in Old Montreal. The cree Nation building will have residential units, luxury condo units for sale, 10,000 square feet of commercial space, a sky lounge, a green area, and two rooftop pools.   

Quebec’s Cree Nation plans on constructing a 26-story in Montreal

According to a press release, the construction of the Odea Montreal will be complete in the spring season of 2024. But site preparation has already begun, with pre-sales for condos expected to start in March 2022. There are many reasons to invest in real estate, such as cash flow and appreciating property value. However, to succeed in the property market, you need to learn a few Montreal real estate investing tips listed below.  

Determine Your Investment Goals

Before investing in real estate, take the time to determine your ultimate goal. Ask yourself if you want property investment to generate income every month. Or are you comfortable with your property breaking even and then selling it a profit in the next five or ten years? Perhaps, you’re interested in finding a mortgage helper and don’t need the rental income to cover your expenses. Whatever your goal is, it pays to define what you’re looking to achieve and set a timeline. Doing so helps you in selecting a property that offers high returns.  

Research Carefully

Once you’ve defined why you’re getting into real estate, take the time to research the market. First, find out the best areas to purchase revenue properties. Currently, property investors in Montreal are moving to off-island communities like Coteau-du-Lac and Saint-Zotique. That’s because the Island of Montreal has become too expensive for the average investor. Plus, people want space as they continue to work from home.  

When choosing a location for property investment, make sure you’ll be getting a high return on investment. This means the area should have increased demand for rental properties. That way, you can generate enough monthly income to pay off your mortgage. While you can get valuable real estate information online, consider working with realtors who use digital real estate tools. With innovative real estate tools such as showing guides, realtors can empower buyers and sellers, build trust, and confidence. Doing so removes the friction experienced during the selling process.     

Don’t forget to do the math

When it comes to investing in property, you want to be sure the numbers work in your favour. With this in mind, consider creating a budget for your property investment in advance and, most importantly, calculate income vs. expenses for the property you want to invest in. Make sure to factor in maintenance costs, late payments, or delay finding a tenant. If you decide to sell your property, ask your broker to conduct a market analysis. Remember, potential buyers will negotiate prices based on current market prices. Right now, Montreal real estate is a seller’s market, meaning you need to be savvy in finding profitable buildings.  

Investing in real estate is one of the best ways to build wealth. However, getting into property investment and succeeding isn’t easy. To ensure you succeed in real estate, take the time to research the market, do the math beforehand, and most importantly, define your goals. 

Other articles from – –

Omicron COVID-19 Variant

Omicron COVID-19 Variant is in Quebec

separation anxiety

Latest data sees rise in separation anxiety as Canadian pet owners start to return to office

SHAN Collection from Montreal

Hottest and latest bikini styles

Share on facebook
Share on twitter
Share on linkedin
Share on email
Is it possible to get an A for a 5-paragraph essay assignment in 1 hour? We can safely say yes, a student can get an A+ mark if he turns to EduJungles

safety gear

Five pieces of safety gear you should always have handy at the cottage

The cottage is a place to unwind and get some relaxation in; however, owning a cottage also comes with its share of responsibilities to ensure upkeep and maintenance. Safety gear needed for falling branches, shovelling snow, roof repairs, pest prevention, and raking leaves are all just part of the deal when you sign on for

mobile applications

Why have mobile applications become a game changer for businesses?

mobile applications – Every business owner might know that business is all about reciprocation. We all know how the internet and technology have brought tremendous and recommendable changes to business and its operations. Today, businesses reach a competitive edge in the markets through different social media platforms. Apart from that, there are also many other

New Montreal snowpark

New Montreal snowpark at Olympic Park to practice your moves

Vans is proud to partner with the Dillon Ojo Lifeline Foundation and the Montreal Olympic Park to allow snowboarders to practice their sport at no cost in the center of the city with the creation of the Dillon Ojo Snowpark, within the Olympic Park, beside the Morgan trail, at the foot of the Tower. Now

Free tarot reading websites

How genuine are free tarot reading websites?

Nowadays, the most common question is “How accurate or genuine are online/Websites for free tarot readings?” In general, that question depends on what you define as FreeTarot. Generally, websites for a free tarot reading online are based on algorithms to shuffle and you would use your mouse to deal with the cards you select into

Tax Tip

CDN Tax Tip – What students need to know this tax season

/ – As a student, you may have many questions about taxes and might be filing an income tax and benefit return for the first time. We understand that many students have unique personal and financial situations, especially given the last year. Let’s make sure you don’t miss out on benefits and credits to which

Plant of Life

Plant of Life: Your New Year’s Resolution for natural wellness

Plant of Life – The new year of 2022 is upon us. That means people have made many resolutions in order to better their lives and lifestyles with natural wellness, which they hope to at least live up to by the end of January, let alone the rest of the year. The majority of new

Mtltimes Subscription

The latest on what’s moving Montreal and the world – delivered straight to your inbox