LAVAL, QUÉ. – Global commercial real estate adviser Avison Young has successfully finalized the sale of phases one, two, and three of Central Parc Laval for an impressive $249 million, marking Québec’s largest multifamily transaction of 2025.
The property, sold by the Saroukian Group to Boardwalk REIT, represents a major milestone in the region’s real estate market. Central Parc Laval is a purpose-built rental community featuring 541 luxury suites, with further plans for expansion.
Development Highlights
- Buyer: Boardwalk REIT
- Seller: Saroukian Group
- Transaction Value: $249 million
- Current Suites: 541 luxury units
- Future Development: Two additional towers with 419 suites, plus land for future expansion
- Total Planned Suites: 1,100
Prime Location and Amenities
Located near the Highway 15/440 interchange in the heart of Laval, the Central Parc community enjoys direct proximity to Carrefour Laval, one of the city’s top commercial hubs.
The property boasts a wide range of luxury amenities, including:
- A rooftop infinity pool
- Sky lounge and cinema room
- A modern fitness facility
- Putting greens
- A one-acre private park
Market Significance
According to Avison Young’s official release, this deal highlights a rising trend of institutional investors channeling funds into new purpose-built rental developments, signaling confidence in Québec’s long-term multifamily housing market.
Despite market fluctuations, the transaction underscores how quality, scale, and competitive financing continue to attract significant investor attention in the province.
Industry Perspective
Experts suggest this sale sets a new benchmark for large-scale real estate transactions in Québec, as developers increasingly turn toward sustainable and high-density rental projects to meet the growing housing demand.
This transaction also reaffirms Laval’s strategic importance in the Greater Montréal region’s economic development, particularly within the multifamily rental sector.
Conclusion
The Central Parc Laval deal reflects more than just a large-scale sale—it’s a testament to the evolving real estate investment landscape in Canada, where investors prioritize long-term stability and community-focused developments.