Representatives of the City of Montréal and its partners, including Montréal International, attended the 24th edition of the Marché international des professionnels de l’immobilier (MIPIM–The World’s Property Market), held in Cannes, France, from March 12 to 15. The Montréal delegation was headed by Alain Tassé, member of the Executive Committee of the City of Montréal and responsible for economic development and urban planning.
With more than 20,000 participants from 79 countries, the event was a great opportunity to showcase and promote Greater Montréal’s economic strengths and its stable and safe real estate market. The Montréal group attended a number of meetings with businesses that might be interested in investing in the Greater Montréal area and entering the North American market.
“Greater Montréal clearly attracted a great deal of interest at the last few MIPIM events thanks to its diverse economy, solid and booming real estate market, and healthy financial and banking system. Since 2006, Montréal’s participation in the event has resulted in a number of projects, which are a source of investments, jobs and property tax income for the City,” said Mr. Tassé.
Montréal—A Booming Real Estate Market The efforts undertaken by Greater Montréal in the past few years have paid off as the region’s real estate market continues to boom, with new housing starts announced on a regular basis. Last spring, 188 projects worth more than $5 million each were underway in Montréal, totalling $16.2 billion. And in fall, there were more than 82 cranes working on the metropolitan area’s many construction sites.
Financial Partners For the 24th edition of the MIPIM, Regroupement Montréal received a $50,000 grant from the Secrétariat à la région métropolitaine under the Fonds d’initiative et de rayonnement de la métropole. Additionally, Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec, was the official sponsor of the Montréal mission.
Alain Tassé (third from the left), with the representatives of the Montréal delegation.
About Regroupement Montréal Formerly known as Consortium Montréal, Regroupement Montréal was created by the City of Montréal, Technoparc Montréal (formerly Technoparc Saint-Laurent), Montréal International and Aéroports de Montréal in 2006. This year, the group is made up of 12 partners: Aéroports de Montréal, Technoparc Montréal, Montréal International, Ivanhoé Cambridge, Quartier de la santé de Montréal/CHUM, Régis Côté Architectes/Côté Kondylis, Azur & Capital – Fonds immobilier Québec, Borden Ladner Gervais LLP, Gestion immobilière Quo Vadis, Fonds immobilier de solidarité FTQ, IBI Group, and the City of Montréal. For more information, please visit our website at montrealsafeinvestment.com.
About the Secrétariat à la région métropolitaine The Secrétariat, which is an agency of the Ministère du Conseil exécutif, advises the Québec government on all issues or measures that have a significant impact on the Montréal metropolitan region and its development. It manages the Fonds d’initiative et de rayonnement de la métropole, which aims to support initiatives that contribute to the economic, cultural and social development of the Montréal metropolitan region and its national and international exposure, while focusing on sustainable development.