Montreal plans to buy nearly 700 homes to keep them away from real estate speculation

The City of Montreal will acquire some thirty residential buildings totaling more than 700 homes in the Côte-des-Neiges area.

Montreal plans to buy nearly 700 homes to keep them away from real estate speculation

Mayor Valérie Plante announced on Monday morning that the city of Montreal plans to acquire 700 housing units in the Côte-des-Neiges-Notre-Dame-de-Grâce borough. The purchase is expected to represent an investment of nearly $103.8 million by the city.

Montreal buying up 700 units for affordable housing in CDN-NDG

Montreal is planning to acquire roughly 30 apartment buildings in Côte-des-Neiges–Notre-Dame-de-Grâce. The more than 700 housing units are expected to cost $103 million. The city says the goal is to help protect vulnerable households and affordable housing, calling the housing needs “very high.” “Protecting more Montrealers by guaranteeing them affordable, sustainable shelter is our concrete […]

This purchase should represent an investment of nearly $103.8 million by the City.

City buys up 700 units in CDN-NDG

The city is buying up buildings adding up to 700 residential units for affordable housing in Côte‑des‑Neiges. The photo with this story is a different vintage from the buildings in question, which CBC radio says are along Goyer.