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Major Montreal developers outline lower‑cost plan for apartments for renters struggling with pricing

Consortium says proposed site allows construction at less than half of public‑sector estimates
Vincent Chiara of Groupe Mach, Serge Goulet of Groupe Devimco and Mathieu Duguay of Cogir Immobilier are seen explaining their plan to build housing for the homeless. (Kristian Gravenor/CoStar)<br/>
Vincent Chiara of Groupe Mach, Serge Goulet of Groupe Devimco and Mathieu Duguay of Cogir Immobilier are seen explaining their plan to build housing for the homeless. (Kristian Gravenor/CoStar)
CoStar News
February 9, 2026 | 4:37 P.M.

A trio of major Montreal developers is pushing a plan to build housing on a city‑owned site for 2,500 residents who cannot afford apartment rents and are in danger of becoming homeless.

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News | Major Montreal developers outline lower‑cost plan for apartments for renters struggling with pricing