Quebec desperately needs additional housing, but a prominent Montreal developer says building new residential units is not a profitable endeavor given current conditions.
It's hard to turn profit on new housing without lower interest rates, real estate veteran says
Mach President Vincent Chiara says numbers don't always work in building large number of houses
CoStar News
October 18, 2024 | 5:10 P.M.
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- MACH Building
620 Saint-Paul Rue, Montréal, QC
- Companies
- Groupe Mach
Real Estate
- Contacts
- Vincent Chiara
President, Groupe Mach