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Groupe HD breaks ground on 1,200 homes in east Montreal

Fondaction backs project as area's high-end apartment vacancy rate tops 24%
Mejda Bendelloul, left, head of sustainable real estate investment, Fondaction; Chad Ruel, senior director, real estate investments, Fondaction; Alain Lafrance, real estate portfolio director, Fondaction; Thomas Dufour and Jean-Philippe Hébert, co-presidents, Groupe HD; François Beaulieu, president, Praxis; Danny Galimi, chief financial officer, Groupe HD; and Gabriel Desrochers, CFO, Praxis. (CNW Group/Groupe HD)<br/>
Mejda Bendelloul, left, head of sustainable real estate investment, Fondaction; Chad Ruel, senior director, real estate investments, Fondaction; Alain Lafrance, real estate portfolio director, Fondaction; Thomas Dufour and Jean-Philippe Hébert, co-presidents, Groupe HD; François Beaulieu, president, Praxis; Danny Galimi, chief financial officer, Groupe HD; and Gabriel Desrochers, CFO, Praxis. (CNW Group/Groupe HD)
CoStar News
May 26, 2026 | 8:08 P.M.

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One of Montreal's busier real estate development firms has put shovels into ground in the city’s east end in an ambitious bid to add about 1,200 homes as vacancy climbs in many newly built apartment projects.

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