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Montreal, Quebec reach agreement to finance 3,500 affordable housing units

Artist s conception of a new social housing apartment building in Côte-des-Neiges Notre-Dame-de-Grâce. The $8-million project will offer 31 social housing units. Alliance MH2 said the province is currently dealing with a dangerous shortage of resources in its second-stage housing where women and children go once they leave emergency shelters, but before they find permanent housing. Alliance MH2 is calling for the opening of 106 units in second-stage housing units for which approval is being awaited. They said it has been waiting for these new units for the past year and a half a delay it calls   ridiculous. Photo by Regroupement des Organismes du M /jpg

Osheaga Threatens to Leave Montreal over Space Dispute

Osheaga Threatens to Leave Montreal over Space Dispute Organizers say the city wants to reduce the number of stages from six to four A report from  La Presse points to a wider revitalization plan for Montreal s Parc Jean-Drapeau that calls for a smaller footprint for the annual slate of music festivals and public events hosted in the space. The publication reports that the space reduction, due to come into effect in 2023, will see the festivals lose an area of ​​approximately 600,000 square feet that can accommodate 20,000 to 25,000 people. However, the park s currently unused Place des Nations is expected to open up for use in 2024, which could allow more space for stages.

Montreal to tenants with expiring leases: if possible, stay put

Tenants in Quebec have until the end of this month to advise their landlord if they don t want to renew their lease, as the majority of them end on July 1. But the City of Montreal is hoping people will stay put.

Plans for office tower atop Bay store in Montreal approved without debate

Article content A report last week by the Urban Development Institute and Montréal Centre-Ville found 70 per cent of downtown employees were working from home more than three days a week during the fourth quarter of 2020. Two-thirds say they want to continue teleworking most of the time once the pandemic is over. The vacancy rate for downtown offices was 12.4 per cent at the end of 2020, up from 9.8 per cent six months earlier, and is expected to rise as leases expire. Hardest hit are the least expensive Class C buildings, where vacancies have risen to 20.3 per cent from 13.8 per cent in the second quarter of 2020, while more luxurious buildings have lost fewer tenants.

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