Business people are overrepresented among buyers of luxury homes purchased during the pandemic.

The most expensive is located in Senneville, a wealthy suburb at the western end of the island of Montreal. The property was sold for $18.75 million to Hui Huang and Denis Martineau. The latter founded Aptilon Health Reach Net, which was later acquired by the American company Indegene Lifesystems, operating in the pharmaceutical and health sectors.

The second largest deal involves Pinar Cetin, wife of Rami Atallah, boss and co-founder of luxury online retailer Ssense. The sale of this residence, located in Westmount, was concluded for $18.5 million.

The third most expensive house found a taker with Photis Peter Pascali, CEO of PyroGenesis Canada, a publicly traded company specializing in the design, development and manufacture of advanced plasma processes. Acquisition price: $18 million.

Several other transactions involved business people. This is the case, among others, of Amel Murad and Glenn Chamandy, CEO of Gildan Activewear, also listed on the Toronto Stock Exchange. The couple bought a new second home in Austin, in the Eastern Townships, for $13.75 million. Paul Gaulin, founder of the Specialized Packaging Group, sold to Altamont Capital Partners, also chose to move. He bought his house in Outremont from the hands of the former couple formed by Pierre Karl Pladeau (Quebecor) and Julie Snyder (Productions J), for 4 M$. Finally, in the Quebec region, a residence in Lac-Saint-Joseph found a buyer for $5.8 million. It was acquired by Nicolas Chrtien, president of Crakmedia, who works in web marketing.

Note that the welcome tax is around 200$K.
If this tax has not already been paid, the disposal on the market of 750K PYR shares will provide for it.
750,000 shares is a tiny fraction of the shares Peter controls and if you and I were in the same situation, we would be doing the exact same thing. It would be irresponsible not to exercise options and collect the proceeds from the sale of these new shares.
 

 
 
 
 

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