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Published on July 21, 2026

2025 Annual Report : The SHDM is evolving along with its image

The SHDM’s 2025 Annual Report is now available.

The past year marked the launch of our new 2025-2028 Strategic Plan and the implementation of the foundations that will guide our actions as we pursue our vision: building affordable housing in Montréal, now and for generations to come. In a context shaped by the housing affordability crisis, the SHDM continued to fulfill its mission as the City of Montréal’s real estate development arm and a leading player in affordable housing.

 

Highlights of 2025 include:

  • A new brand identity reflecting our renewed vision, along with a complete redesign of our website to better meet the needs of our clients;
  • The start of construction on the Gordon project, which will create 84 social and affordable housing units in the borough of Verdun;
  • The acquisition of two new residential properties (29 housing units) and the former Solotech site in Rosemont-La Petite-Patrie, where 70 permanently affordable, non-market housing units will be developed;
  • The transfer of twenty residential buildings from the City of Montréal to the SHDM, ensuring the long-term affordability of 882 housing units;
  • Investments of $12 million in the maintenance and improvement of the residential housing portfolio;
  • The modernization of the office and reception areas at Place Dupuis to enhance employee well-being and support the organization’s growing needs.

 

You can consult the online interactive version of the annual report, either the short version with summarized financial data (in French only) or the full version with detailed financial statements (in French only).

 

Both versions are also available in PDF format:

 

As of December 31, 2025, the SHDM consists of:

  • 5,246 non-market affordable housing units;
  • 395 residential buildings;
  • 1 million sq. ft. of commercial space;
  • 3,925 Accès Condos units;
  • $1.4 billion in real estate assets;
  • 164 employees.

 

Thank you to our employees and partners for their commitment, collaboration, and expertise, which made it possible to bring numerous projects to life and advance the SHDM’s priorities throughout 2025.

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