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Quebec’s public pension's plan to redevelop Royal Vic as student housing faces sticker shock

CDPQ Infra estimates cost of stabilizing main structures, building at site to be $845 million
An 18-month review has concluded that the cost to turn the former Royal Victoria Hospital in downtown Montreal into student housing will be exceedingly expensive. (McGill University)
An 18-month review has concluded that the cost to turn the former Royal Victoria Hospital in downtown Montreal into student housing will be exceedingly expensive. (McGill University)
CoStar News
February 12, 2026 | 7:14 P.M.

Quebec’s public pension fund’s plan to convert a vacant former hospital into more than a thousand student‑housing units has hit a potential speed bump after a new cost analysis revealed the scale of work required to make the site usable.

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News | Quebec’s public pension's plan to redevelop Royal Vic as student housing faces sticker shock