Interest in Prével Condos persists among Montreal buyers

MONTRÉAL, April 13, 2015 /CNW Telbec/ - A 2014 report by Altus notes that Prével projects account for 19% of new residential units sold in the heart of Montreal. In Griffintown alone, 28% of units sold were Prével's. And while the pace of sales has slightly slowed from 2010 and 2011, there is continued demand for condos in Montreal. Moreover, the success of Prével's S sur le Square project in autumn of 2014 demonstrates the strong demand for Montreal developments that respond to consumers' needs. One-hundred percent of the project's 84 units were reserved within 24 hours of the sales launch. Montreal real estate still serves as a healthy investment for those in the market for longer-term buys, as well as a place to call home. And while buyers are becoming more demanding, the market and its offerings are becoming increasingly diverse. When buyers find what they're looking for, they don't hesitate to sign.

More than 100 prospective buyers visit Prével's sales offices weekly. Much of this success is due to the developer's 37 years of industry experience. "Prével's major strength is its focus on people, and Prével is committed to responding to their needs and wants.", says co-President Jacques Vincent. "We invest a lot of energy in developing environments that make people feel at home. I believe our efforts have paid off considering that so many of our clients speak highly of our projects to their friends and family. For instance, over 60% of Lowney purchasers are either referrals from existing Lowney residents, or are past Prével clients purchasing their second or third Prével home." Indeed, Prével continues to book sales and several new condo starts are planned for spring 2015.

A very positive response from Montreal condo buyers

Three events in early 2015 created much enthusiasm among Prével's clients.

The launch of Griffintown's new Lowney sur Ville sales office drew a crowd of more than 200 people, despite the extraordinary cold and snow that evening. Guests visited the project's three new model units and got a good sense of Lowney's unique, friendly atmosphere.

The launch of the 21e arrondissement project's second phase, located at the crossroads of Old Montreal and Griffintown, attracted more than 350 people. Attendees were shown the new phase's plans and price list. At the heart of the project is its public square. There, locals will enjoy food-related services such as a gourmet food shop, a bakery, a café and restaurants, all featuring beautiful terraces. Construction begins this spring.

The Bassins du Havre Sugar Shack event attracted over 600 people. The extraordinary turnout demonstrates the area's appeal, as well as the community's desire for the Griffintown and Lachine Canal lifestyle. The large number of young families in attendance is a very promising sign of the neighbourhood's future.

SOURCE Prével Group

For further information: Sarah Massariol, BICOM Communications, smassariol@bicom.ca, 514-223-6770

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