The son of Alimentation Couche-Tard Inc. co-founder Richard Fortin is betting on one of Canada’s hottest real estate markets to diversify the billionaire family’s retail fortunes.
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The Brossard, Quebec-based company has built more than 1,700 rental units through partnerships, and expects to add another 1,300 in the next two to three years, including multi-family homes and condominiums. “It’s fortunate that we were able to raise the rents over the years,” Fortin said. “But we would also need to make sure the price stays competitive in that market and provide good value to our customers.”
When Fortin finished his bachelor’s degree from McGill University in 1994, his father and Couche-Tard founder Alain Bouchard sent him to manage a store in Lachine, Quebec, where he did everything from planning staff shifts to keeping products on shelves.
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