
Montreal archdiocese launches real estate arm aimed at maximizing social impact
MONTREAL — As Montreal grapples with growing homelessness, the Catholic archdiocese in the city is forming a new real estate arm that it says will help ensure any redevelopment of church properties addresses “pressing community needs.”
The creation of the Roman Catholic Real Estate Corp. of Montreal, announced Thursday, is the first non-profit subsidiary created by a Catholic archdiocese “to leverage real estate development as a tool for community benefit” and heritage preservation, the church says in a news release.
With congregations dwindling and buildings aging, pastoral work is becoming more challenging, Archbishop Christian Lépine said in an interview Wednesday inside Montreal’s Mary Queen of the World Cathedral.
Earlier this month, the left-leaning opposition party Québec solidaire called on the Coalition Avenir Québec government to look to underused or empty church spaces to help fight Montreal’s homelessness crisis.