(Source: Financial Post)

Montreal real estate developer Samuel Gewurz won’t say his business model for condominium development is recession-proof per se, but the success he’s had in the temperamental Montreal market over the past 25 years shows he can sell his properties in difficult market conditions.

“Our philosophy is if we can create a product of great value and give a lot of elements to a buyer, we have a chance to sell in down markets,” he said, sitting in a plush chair in a model unit of his proposed million-square-foot, $700-million development, called Pointe Nord, on the northern tip of Montreal’s Nun’s Island.

Read Giuseppe Valiante’s full article “Build it well and they will come, says Montreal condo king” in the Financial Post (October 27, 2009)

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