FTQ-Backed Groupe Evoludev Launches 217-Unit Repentigny Residential Project
Event summary
- Groupe Evoludev and Fonds immobilier de solidarité FTQ begin construction on Laurée, a 217-unit residential project in Repentigny, Quebec.
- The 12-storey development includes 6,782 square feet of commercial space and is part of the new Avantia mixed-use neighbourhood.
- Laurée features 22 affordable units (10% of total) and aims to exceed Canada's 2020 energy code by 60%.
- First units expected to be delivered in fall 2027, with completion slated for 2028.
The big picture
This project represents FTQ's continued investment in Quebec's housing sector, with a focus on sustainability and affordability. As one of the first developments in the Avantia district, Laurée signals the transformation of former industrial land into modern mixed-use communities. With nearly 5,000 residential units under construction across its portfolio, FTQ is positioning itself as a key player in Quebec's real estate market.
What we're watching
- Sustainability Performance
- Whether Laurée can achieve its 60% energy efficiency target above Canada's 2020 code.
- Market Absorption
- The pace at which 217 units will lease in Repentigny's competitive rental market.
- Portfolio Expansion
- How this project fits into FTQ's $4.7 billion real estate development pipeline.