New high-end condo to arise in downtown Montreal

Earlier this week, a 24-storey high-end condominium project has been announced for downtown Montreal, promising more luxury investment opportunities in the burgeoning market.

The Enticy condo tower aims to combine old and new, “with a contemporary design built around a façade of historical townhouses” and design principles inspired by boutique hotels, the announcement noted.

Enticy is slated to be built under the auspices of financial partner Claridge, builders Omnia Technologies, and designers Geiger et Huot Architectes.

“Enticy is a modern and upscale condo project providing living spaces and a solid investment, with a prime location in downtown Montreal. Whether for first-time buyers, investors, parents of students studying nearby, or professionals looking for a part-time place close to work in the city, Enticy offers exceptional value for money,” Omnia Technologies president Jean- François Beaulieu said.

The building will offer 185 condo units all in all, along with townhouses on the ground floor. Its official launch event is scheduled at the end of March.

Read more: Record-high sales prices forecast for Montreal in 2018-19

In mid-January, the Quebec Federation of Real Estate Boards announced that luxury residential properties exhibited the most remarkable sales growth in 2018, with transactions for single-family properties worth more than $1,000,000 growing by 18%, and deals involving condos worth more than $500,000 by 30%.

All in all, 46,753 home sales took place in Montreal throughout last year, reaching a historic high and providing momentum that is predicted last for much of 2019.