Groupe HD, Société Financière Bourgie Invest in Montreal 175-Unit Apartment Project

Groupe HD, Société Financière Bourgie Invest in Montreal 175-Unit Apartment Project
News| January 13, 2026| Monte Stewart
Canada + Apartment Buildings

Groupe HD and Société Financière Bourgie are investing in a purpose-built rental apartment project comprising approximately 175 suites on Montreal’s West Island.

The five-storey apartment building will be situated on a roughly 125,000-square-foot site at 14700 Boulevard Pierrefonds in Pierrefonds Roxboro borough and involves total investment of $65 million.

Built in a predominantly residential area with a well-established urban fabric and direct accessibility, the site is distinguished by the limited number of new residential developments currently underway, reinforcing its strategic positioning on the West Island.

“Boulevard Pierrefonds represents a strategic location for Groupe HD. It is a mature, well-served area recognized for the quality of its living environment,” said Thomas Dufour, co-president of Groupe HD. “The acquisition of this site aligns with a disciplined investment approach focused on key growth corridors where residential demand is sustained and where development can integrate in a durable and coherent manner into the neighbourhood.”

The site benefits from proximity to the Pierrefonds Sportplexe, Cyril-W.-McDonald Park, and the Rivière des Prairies, and is located within a complete residential environment offering access to essential services, schools, sports facilities, and cultural amenities, factors that contributed to its rental appeal and the partners’ investment decision.

“This partnership aligns with our investment approach, which focuses on well-located projects that respond to current rental market needs while offering long-term potential,” said Pierre Bourgie, president of Société Financière Bourgie.

The partners said the project is based on a shared long-term vision grounded in location quality, sector stability, and the sustainable potential of the rental market on Montreal’s West Island. Construction is scheduled to begin in summer 2026 and will be carried out by Construction Praxis, Groupe HD’s construction division.

Laurentian Bank of Canada provided undisclosed financing for the project, while Neuf is provide architectural services.

Photo: CNW Group/Groupe HD

Pictured: Montreal area in which Groupe HD and its partners are developing their project.

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