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Montreal's real estate sector grows increasingly insular as local players dominate the market

Despite its investment attributes, city is attracting less foreign capital than before
875 Montée Saint-François, a 278,000-square-foot industrial facility in Laval, was purchased by Pure Industrial from local developer Groupe Mach in 2021. The U.S. private equity firm Blackstone took Pure Industrial private in 2018.
875 Montée Saint-François, a 278,000-square-foot industrial facility in Laval, was purchased by Pure Industrial from local developer Groupe Mach in 2021. The U.S. private equity firm Blackstone took Pure Industrial private in 2018.
CoStar Analytics
August 27, 2025 | 8:07 P.M.

Increasingly, the most active commercial real estate buyers in Montreal are local players, and foreign capital is becoming increasingly rare. When overseas investors do purchase real estate in the city, the most likely property type is industrial.

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News | Montreal's real estate sector grows increasingly insular as local players dominate the market