[PHOTOS] This is what the sumptuous Montreal penthouse of the new general delegate of Quebec in Paris looks like

Just appointed general delegate of Quebec in Paris by the Legault government, the former CEO of the Caisse de dépôt et placement du Québec (CDPQ) Henri-Paul Rousseau has just put his sumptuous Montreal penthouse up for sale, we have learned The newspaper.

Located in a former convent built in 1911, a stone’s throw from Mount Royal Park, the nine-room, 2,299 square foot condominium apartment on three floors is offered for the tidy sum of $3,350,000.

The property includes three bedrooms, two bathrooms and a powder room, ceilings over 30 feet high, four exterior terraces on two levels and windows on three facades, including the immense original rose window which adorns the front of the former Catholic convent.

• Listen to Yves Daoust’s economic segment via
  :

The property, originally occupied by the Sisters of Marie Réparatrice, also has two indoor parking spaces and six outdoor parking permits for guests, a rarity in Montreal.

Four times the price paid

Henri-Paul Rousseau, then the new CEO of the Caisse de dépôt, and his wife, Monique Grégoire, a long-time journalist at TVA, bought this residence a little over twenty years ago (August 2003) for $748,000, plus taxes. ($97,706.59).

Twenty years later, the married couple, who are soon to move to Avenue Victor-Hugo, at the Quebec General Delegation in Paris, are selling their residence for $3.35 million, almost four times the price paid 21 years earlier.

On the last three-year assessment roll, this property was assigned a value of $2,092,100 (2021). This was a growth of $507,200, or 32% from its previous valuation of $1,584,900 (2018).

In 2024, its municipal taxes amounted to $13,007, its school taxes to $1,682 and its condominium fees to $15,132.

$218,000 per year

The appointment of Henri-Paul Rousseau as general delegate of Quebec in Paris was confirmed last week by the Minister of International Relations and La Francophonie, Martine Biron.

The 76-year-old man will receive annual compensation of $217,754, or 12% more than the annual salary of $193,434 which was granted to his predecessor in the spring of 2019. The latter would now benefit from a salary equivalent to that planned for Mr. Rousseau, assures us the Ministry of the Executive Council.

M^me Michèle Boisvert, a former journalist and vice-president of the Caisse before being offered the position of general delegate in Paris, should soon be given new duties, Minister Biron indicated last week.

You lose memories

Mr. Rousseau led the CDPQ from 2002 to 2008. He left office in tumult, leaving behind a record loss of $39.8 billion, mainly caused by the significant holding of asset-backed commercial paper (ABCP). ).

Quickly replaced by Michael Sabia at the head of CDPQ, he then joined Power Corporation in 2009, after his voluntary departure from the management of the Caisse caused a lot of noise, in particular because of the severance pay of 380 000$ which had been granted to him.

Mr. Rousseau subsequently turned to teaching, notably at HEC Montréal. A year ago, he pleaded in favor of a framework agreement between France and Quebec on the energy transition.

– With the collaboration of Marc-André Gagnon and Philippe Langlois, Bureau of Investigation.

Who is Henri-Paul Rousseau?

• 76 ans
• Leader of the Economists for the YES camp during the 1980 referendum;
• President and CEO of the Caisse de dépôt et placement du Québec (CDPQ) from 2002 to 2008;
• The end of his reign at the CDPQ was marked by a historic loss of some $40 billion in 2008;
• Despite this performance and a voluntary departure from the Fund, he received severance pay of $380,000;
• In 2009, Mr. Rousseau became vice-chairman of the board of directors of Power Corporation and Power Financial. It will remain there until 2017;
• From 2018 to 2019, he is a visiting professor at the Paris School of Economics;
• In May 2023, Mr. Rousseau pleads for a framework agreement between France and Quebec on the energy transition;
• Henri Paul-Rousseau was until recently an associate professor at HEC Montréal.