Le Hector 271 unit rental project begins in Laval

Laval, January 12, 2026

VELYON and the Fonds immobilier de solidarité FTQ today announced the start of construction on Le Hector, a new multiresidential rental development located at 700 boulevard des Laurentides in Laval. The 98 million $ project will help meet strong rental demand in a rapidly revitalizing area.

Well connected to major highways (A-15, A-440 and Viau bridge), public transit (2 kilometres from the De la Concorde and Cartier metro stations) and bike paths, Le Hector will feature 271 rental units across 7 storeys along with 248 indoor parking spaces.

Each unit has been carefully designed to maximize natural light. The project will offer a variety of configurations suited to different household needs ranging from well-planned studios to one-, two- and three-bedroom units. First occupancies are slated for spring 2027. Residents will have access to a suite of common areas designed for comfort and connection, including an urban chalet, a rooftop pool and terrace, a fitness centre, a reception room, children’s play areas and co-working spaces.

« VELYON is pleased to form this strong partnership with the Fonds immobilier de solidarité FTQ to bring Le Hector to life. This development reflects a long-term vision focused on transforming a rapidly revitalizing area into a sustainable and vibrant living environment fully integrated with its urban surroundings. » - Michael Saint-Louis, President, VELYON

« We are proud to be forming a new partnership with VELYON, which shares our commitment to sustainable real-estate development. For example, in addition to a white roof designed to help mitigate heat islands, Le Hector will integrate highly efficient energy systems, reducing its greenhouse-gas emissions by approximately 73 % compared with the requirements of Québec’s Construction Code. » - Martin Raymond, President and CEO, Fonds immobilier de solidarité FTQ

About VELYON

VELYON is a Canadian real-estate investment and development firm dedicated to creating spaces that inspire and endure. Guided by integrity and a culture of excellence, we approach every project with a long-term perspective, balancing innovation with disciplined execution. Our work is grounded in deep market understanding and a thoughtful approach to risk, ensuring that each development generates meaningful impact for stakeholders and the communities we serve. VELYON currently has more than 1 050 residential units under development across five projects in the greater Montréal metropolitan area.

About the Fonds immobilier de solidarité FTQ

The Fonds immobilier de solidarité FTQ drives economic growth in Québec by strategically investing in profitable real estate projects with industry leaders. Its portfolio includes mixed-use developments that combine residential, retail and office components, as well as industrial and institutional projects, all guided by a commitment to sustainable development. As at June 30, 2025, the Fonds immobilier had 26 projects in development or under construction valued at 4,1 billion $, 84 operating assets totalling 6 412 residential rental units and 5 million sq. ft. of industrial-zoned land to be developed. The Fonds immobilier is a member of Bâtiment durable Québec.

Photo :

In order : François Huot, Vice President of Real Estate Investments at Fonds immobilier de solidarité FTQ, Martin Raymond, President and CEO of the Fonds immobilier de solidarité FTQ, Sandra El-Helou, City Councillor for Souvenir-Labelle and Housing Portfolio Lead, Stéphane Boyer, Mayor of Laval, Michael Saint-Louis, President of VELYON, Cédric Constantin, Partner, Vice President of Real Estate Development at VELYON, Billal Jaffal, Partner at VELYON, Maxyme Perreault, Vice President of Construction at VELYON, Hubert St-Louis, Real Estate Accountant at VELYON.

Crédit : Louis-Étienne Doré

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