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Federal Loan Program Funding 3,000 Rental Units in Montreal Area

Canada’s Rental Construction Financing Initiative Has Loaned Out $925 Million for Apartments Around Montreal
Devmont's upcoming Westwalk project in Dollard des Ormeaux is one of several Montreal apartment developments that have been helped by federal loans under the Rental Construction Financing Initiative. (Devmont)
Devmont's upcoming Westwalk project in Dollard des Ormeaux is one of several Montreal apartment developments that have been helped by federal loans under the Rental Construction Financing Initiative. (Devmont)
CoStar News
November 20, 2023 | 5:08 P.M.

Montreal-area real estate developers have embraced a special federal government loan program to the tune of $925 million to help them launch over 20 apartment projects totaling almost 3,000 rental units.

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