LIBCORPInc.

LIB CORP
Inc.
S
E
P
T
E
M
B
E
R
2
0
0
5
Libcorp inc. est une compagnie dynamique qui offre une gamme
de services diversifiés au public. Ils sont des consultants en planification, en développement immobilier et en financement. Tout projet de développement immobilier qui exige coordination et planification, peu importe sa complexité, fonctionnera plus efficacement
et plus rapidement avec l’implication de Libcorp.
Le marché immobilier reste très dynamique
La Presse - août - Sans atteindre les pics himalayens de l’an dernier, les mises en chantier résidentielles resteront élevées cette année et l’an prochain, en raison de la faiblesse des taux d’intérêt
hypothécaires et du faible taux de chômage. La Société canadienne
d’hypothèques et de logement (SCHL) a révisé légèrement à la
hausse ses prévisions pour l’année courante avec 218 900 coulées
de foundation d’un océan à l’autre, cette année. En mai, l’organisme avait pour cible 216 400.
LIBCORP will make it happen!
We specialize in coordinating and successfully bringing
to fruition any real estate project. Nothing is too big.
We will make it happen faster than anyone else !
• Interpreting urban planning bylaws and facilitating administrative
processes for construction projects
• Start-up of development projects and coordination from acquisition
of land to architectural planning, construction phasing, sales &
financing.
• Arranging or structuring the financing for real estate complexes
• Syndication of acquisition of real-estate portfolios and mortgage
portfolios
• Venture Capital Requirements
Pour le Québec, on passe à 51 000 nouvelles unités de logement
contre 50 000 dans la prévision de mai.
www.libcorp.ca
A number of developers have been turning towards Libcorp to help their projects succeed. Some files currently in progress include a zoning amendment
to allow a high-rise student residence on Sherbrooke Street, the conversion of a church in NDG into a mixed-use project, the development and financing
for a sports and recreation facility in one of the suburbs of Montreal and a residential condominium complex of 216 units, spread over three phases of
72 units each, in Gatineau. Other projects are also in the works.
Building Permits
•According to the CMHC, the total value of building permits (residential
& non-residential) issued in the Montréal region rose 6.3% in June to
$531 M (over May/seasonally adjusted).
•The value of residential permits issued across Québec was up 11.8% to
$720.1 million. In the first six months of 2005, the total value of residential permits reached $3.9 billion.
•New housing starts reached 2 367 units in July, a 15% increase over 2004.
The rise was led by a 50% increase in condo starts.
•Montréal’s New Housing Price Index rose 5.1% in June to 141.5 (yearover-year/1997=100).
Source: Norman-Raymond.com
Robert Libman, OAQ, President of Libcorp
Is an architect by profession, combined with extensive public sector
experience at both the provincial and municipal levels of government.
After having worked for two large architectural firms in Montreal, he
served for five years as a member of the Quebec National Assembly
(MNA). He was elected Mayor of Côte Saint-Luc in 1998 and in 2001
re-elected as Mayor of the borough and City Councillor for Montreal
where he was named to the powerful Executive Committee responsible
for Urban Planning and territorial development. He was charged with
devising the city’s new urban master plan, which was adopted by the City
Council last November.
Ville de Montréal en bref ….
•La Ville adopte une stratégie d’inclusion de logements abordables dans les nouveaux projets résidentiels. Pour prendre connaissance des actions prises, consultez le site web habitermontreal.qc.ca.
•The City adopted a $15 Million loan bylaw to finance infrastructure work and create green-spaces for major residential developments on Nun’s Island, Verdun …
•The Engineering Consortia of Roche and Genivar have been chosen by the City of Montreal as the new Project Bureau to
oversee the Cavendish Boulevard extension project, linking the portions in Côte Saint-Luc and Saint-Laurent ...
•Dans le cadre du Programme de renouveau urbain, l’arrondissement de LaSalle procèdera à la restauration du moulin Fleming (qui constitue le symbole
de l’arrondissement de LaSalle) ainsi que l’aménagement d’une agora adjacente. Le coût des travaux est estimé à environ 200 000 $ …
•Three new Borough Planning Chapters were approved by City Council recently for insertion into Montreal’s new Urban Master Plan. They include Mercier-Hochelaga-Maisonneuve, Sud-ouest and Saint Leonard...
•The Saint-Laurent borough adopted a bylaw creating a subsidy program for renovations to commercial building storefronts on Decarie Boulevard. The
City will spend $6 Million on rebuilding Marcel Laurin Boulevard between Côte Vertu and du College…
•The City will spend $6.5 Million to demolish the old Rosemount municipal garage buildings, clean up the site, acquire and renovate buildings and build
infrastructures for the realization of hundreds of social and community housing units ...
Canadian Newsbriefs...
… Existing home sales will stay near record levels this year as low interest rates continue to drive the real estate market, says Canada Mortgage and Housing
Corp. in its latest forecast.
… August was another record-breaking month for home re-sales according to the Greater Montreal Real Estate Board, with a 12% increase compared to the
same month a year ago.
… Toronto-based Fairweather Group has acquired four of retailer Les Ailes de la Mode stores in a $6.2 million deal.
… The consortium led by Brookfield Properties Corp. is rumoured to be on the verge of resurrecting its $2-billion bid for O&Y Properties Corp. and its
subsidiary -- a deal that would be one of the largest real estate transactions in Canadian history. Three sources told the Financial Post the deal, which looked
all but dead just a month ago, may be back on the table in its entirety. The deadline is fast approaching for a decision by Brookfield, which is making the bid
through its 89%-owned subsidiary BPO properties-The National Post-Aug. 25, 2005
… Investors are the wild card of the current housing boom. Nearly one-quarter of all homes sold last year were bought by real-estate investors, some of
whom were hoping to sell them for a quick profit. An additional 13% were bought as second homes. If these people dump their homes at the first sign of a
slowdown, prices could fall faster and further than they have during past downturns-The Real Estate Journal-Aug. 22, 2005
The City of Montreal’s new Urban Master Plan: www.ville.montreal.qc.ca/plan-urbanisme
The New York Times
Sales of Existing Homes Set Record Pace
July 25, 2005 - Sales of existing homes set a new record in July
with home prices shooting up at the fastest pace in nearly 25 years.
The National Association of Realtors reported that existing homes
were sold at a seasonally adjusted annual rate of 7.33 million units
last month, a gain of 2.7 % from the May sales pace.
Montreal Residential Market
Montreal housing prices continued their upward climb during the busy spring market,
but a growing inventory of properties helped moderate price increases according to a
Royal Lepage survey. The study, which looked at condominium, bungalow and twostorey home sales in eight neighborhoods, found that prices across the three housing
types rose by just over seven percent compared with the March-to-June period last year.
“House prices are still experiencing substantial increases, but this is a return to more normal levels of appreciation after the double digit increases we’ve seen over the last few
years.” The average home price in the Montreal region increased by 7.5% in the first part
of the year to just over $200,000 according to the Canadian Real Estate Association.
Survey of Canadian House Prices Second Quarter 2005 - Average House Prices
Chicago Tribune
Buck gets top dollar for tower downtown
September 7, 2005 - Chicago-Developer John Buck, who has
called the lack of downtown office leasing the worst in 30 years,
has a deal to sell his latest skyscraper for a record-breaking price.
German investment fund DIFA - Deutsche Immobilien Fonds AG
has agreed to buy the 1 million-square-foot tower at 111 S. Wacker
Drive for $410 a foot, or roughly $410 million, sources say. On
a per square foot basis the price would be the most ever paid for
a downtown office building, surpassing the $385 a foot paid for
181 W. Madison St. in 1990, when sales prices were last at their
height.
The
Economist
Why foreigners are so keen on India’s
property market
Like those of many other countries, India’s property market is
booming. The difference is that India’s was long out of bounds to
institutional investors, particularly foreigners. That appears to be
changing. Two forces lie behind the boom. First, investors are betting on the consumption-driven growth of India’s economy that
is spawning glitzy shopping malls, entertainment centres, multiplexes and luxury hotels. Some reckon that the retail trade will
soon be opened to foreign investment and that the likes of WalMart will fuel the demand for commercial property. The second
factor is India’s emergence as a hub for global outsourcing.
Detached Bungalow
Standard Two-Storey
Standard Condominium
Second
Quarter
(2005) $
Second
Quarter
(2004) $
%
Change
Second
Quarter
(2005) $
Second
Quarter
(2004) $
%
Change
Second
Quarter
(2005) $
Second
Quarter
(2004) $
%
Change
Halifax
162,667
162,167
+0.3
179,667
179,667
+0.0
108,000
107,650
+0.3
Charlottetown
138,000
135,000
+2.2
167,000
155,000
+7.7
97,000
97,000
0.0
Moncton
116,000
115,000
+0.9
111,000
107,000
+3.7
-
-
-
Saint John
135,200
127,400
+6.1
179,500
168,000
+6.8
106,200
93,000
+14.2
St. John’s
141,000
131,000
+7.6
200,333
188,000
+6.6
143,667
134,333
+6.9
Atlantic
138,573
134,113
+3.3
167,500
159,533
+5.0
113,717
107,996
+5.3
Montreal
202,000
189,000
+6.9
316,185
297,000
+6.5
191,271
177,583
+7.7
Ottawa
272,381
256,637
+6.1
264,579
254,429
+4.0
169,143
163,143
+3.7
Toronto
359,211
338,564
+6.1
463,738
443,118
+4.7
240,478
229,588
+4.7
Winnipeg
184,214
165,571
+11.3
172,750
156,438
+10.4
92,167
82,833
+11.3
Saskatchewan
155,117
142,800
+8.6
164,333
151,167
+8.7
99,900
91,063
+9.7
Calgary
246,778
229,078
+7.7
257,433
239,278
+7.6
152,189
141,477
+7.6
Edmonton
190,571
176,143
+8.2
203,000
190,571
+6.5
130,667
122,833
+6.4
Vancouver
481,667
446,667
+7.8
556,833
519,833
+7.1
243,667
219,583
+11.0
Victoria
330,000
286,000
+15.4
361,000
324,000
+11.4
200,000
160,000
+25.0
Average house prices are based on an average of all sub-markets examined in the area, except for the smaller
markets of Charlottetown, Moncton, Saint John and Victoria.
Robert Libman, B. Arch., O.A.Q.,
est président et secrétaire de Libcorp. Il est activement impliqué dans chacun des
projets. Architecte de carrière, il a une expérience étendue du secteur public tant au
niveau provincial qu’au niveau municipal du gouvernement. Il était responsable du
nouveau plan d’urbanisme de la ville. La version finale de ce document de planification
détaillée et de vision pour un développement durable de dix ans de l’île de Montréal
a été adoptée par le conseil municipal en novembre 2004.
For more information on any item or news story that appears in this bulletin, please contact Libcorp
666 Sherbrooke W, #900, Montreal, Qc. H3A 1E7
Phone: (514) 842-3184 Fax: (514) 842-6176 or libcorp@bellnet.ca