is a neighbourhood
located in between Old Montreal
and Downtown Montreal
. The area has undergone gentrification
and urban renewal
with the goal of turning it into an important center for information technology
. Many high-tech companies are now located in the area, in addition to new residential buildings. The property values in this part of Montreal are very high.
The neighbourhood has 6,000 workers, and an average salary of $73,000 per year. This figure is almost 25% above Montreal's average.
The Parti Québecois
government of Bernard Landry
upset members of Montreal real-estate community and some high-tech entrepreneurs when it forced companies to relocate to Cité Multimédia and nearby Cité du commerce électronique
in order to receive tax assistance.