GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $19,360,000 in a Low-Rise Development Project with Fieldgate Homes and Redwood Living in Courtice, Ontario

Date:
June 7, 2021
Share:

This is Greybrook’s 13th real estate investment in the Regional Municipality of Durham.

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $19,360,000 to acquire and oversee the development of a parcel of land located in Courtice, Ontario. Together with its developer partners, Fieldgate Homes and Redwood Properties, Greybrook will develop the land into a residential community consisting of over 360 single-detached homes and freehold townhomes.

Located east of Toronto in Durham Region within the Municipality of Clarington, the community of Courtice offers residents a blend of small-town living combined with access to an abundance of nearby amenities located throughout the Region. The 54-acre development site, situated at the southeast corner of Trulls Road and Pebblestone Road in the north end of Courtice, is located inside the urban boundary and surrounded by the protected Greenbelt Natural Heritage System to the north and east. The site’s proximity to the new Highway 418, which links Highways 407 and 401, provides convenient access to other parts of the Region including neighbouring Oshawa and Whitby, and access to cottage country is only a short drive away via Highways 418, 407, 115, and 35. The Region’s transit infrastructure is also expected to expand. In 2020, the Metrolinx Board of Directors endorsed the GO East Rail Extension through Oshawa to Bowmanville in Clarington, which is expected to feature four new station stops, including one in Courtice, further enhancing the area’s access and connectivity within Durham Region and the broader Greater Toronto Area.

Durham, which makes up 9.3% of the Greater Toronto and Hamilton Area’s total population, has grown in population by 8.4% from 2016 to 2019. The Region is home to academic institutions including Ontario Tech University, Durham College, and the Trent University Durham campus. Durham has been attracting talent, and a number of recognizable businesses have planned expansions into Durham that are expected to bring jobs to the Region. Ontario Power Generation plans to build its new corporate headquarters in Clarington, which is expected to be complete in 2024 and produce over 2,000 jobs, while Amazon’s new distribution centre in Ajax is expected to open in September 2021 and add 1,000 new jobs.

“Durham has experienced consistent growth over the years, attracting residents and job seekers, and the relative cost of housing in the Region has made it one of the most in demand housing markets in the GTA”, states Sasha Cucuz, CEO of Greybrook Securities Inc. “This is Greybrook’s 13th low-rise development in Durham Region, bringing the total number of homes we are developing alongside our developer partners to more than 2,300 homes. We are thrilled to be partnering with our developer partners, Fieldgate Homes and Redwood Properties, who have a long history of success developing and building within Ontario and the Region, including Courtice.”

The portfolio of low-rise development holdings managed by Greybrook Realty Partners includes several development properties that are projected to result in the completion of over 11,000 ground-related homes in the Greater Golden Horseshoe region.

Read the full announcement on Cision News Wire 

Latest Insights

Occupancy Begins at House of Assembly: A New Chapter for Sterling Junction

Portfolio Updates
June 25, 2025

We’re pleased to share that occupancy is now underway at House of Assembly in Toronto’s west end. Developed in partnership with Marlin Spring, HOA is the first of three residential buildings to be delivered as part of the larger Sterling…

Greybrook Realty Partners Invests $22,470,000 in a Residential Development Project in Brantford, Ontario

Company News
June 19, 2025

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,470,000. This investment will support the acquisition and management of a development spanning 150 projected net developable acres, located south of Tutela…

Boardroom Brief: EP. 08 – Investing With Geographic Perspective

Insights
June 16, 2025

What happens when strong long-term fundamentals are met with short-term economic headwinds? In the latest episode of Boardroom Brief, we explore how Greybrook is navigating the delicate balance between opportunity and caution in today’s dynamic real estate landscape. Greybrook Securities…

John Huffman speaking at the PCMA Annual Conference 2025

Beyond Headwinds: Unpacking Canadian Real Estate Opportunities at PCMA 2025

Community
June 16, 2025

The recently hosted PCMA 2025 Annual Conference – Canada’s premier event for private investment leaders – served as a critical forum for dissecting 2025’s complex real estate landscape. As a conference sponsor and featured panelist, our firm was proud to have…

138 Yorkville Celebrates the Art of Timeless Design: A Man & His Watch, F.P. Journe

Portfolio Updates
June 12, 2025

Iconic timepieces and exceptional architecture share a foundational ethos—an unwavering attention to detail, an appreciation for superior materials, and a deep understanding of timeless design. In celebration of this shared commitment to craftsmanship, 138 Yorkville recently welcomed a select group…

From Boardroom to Ballpark: Greybrook Celebrates Summer Social 2025

Culture
June 9, 2025

This year’s Summer Social was a home run! Held in the TD Executive Lounge at Rogers Centre, the Greybrook team came together to enjoy an afternoon of baseball, camaraderie, and celebration as we cheered on the Toronto Blue Jays. Highlights…

Greybrook Team Pedals to Support 4th Annual Baycrest Bike for Brain Health

Community
June 2, 2025

This past Sunday, members of the Greybrook team proudly participated in the 4th annual Baycrest Bike for Brain Health charity event, riding along the Don Valley Parkway and Gardiner Expressway to help raise awareness for brain health. As Canada’s largest…

Greybrook and PMG Celebrate Topping Off of Society Las Olas Phase II

Portfolio Updates
May 16, 2025

Greybrook and our partner PMG, are pleased to announce the topping off of the second phase of Society Las Olas, a 563-unit, 42-story apartment tower in Downtown Fort Lauderdale. Located at 140 SW 2nd St., Society Las Olas is a…

Boardroom Brief: EP. 07 – BMO Chief Economist Douglas Porter on Post-Election Forecasts, Trade Tensions & Canada’s Housing Market Outlook

Insights
May 8, 2025

For this special episode of Boardroom Brief, we invite you to listen in on a timely fireside chat between Greybrook Securities CEO Sasha Cucuz and Douglas Porter, Chief Economist at BMO Financial Group. The conversation took place live at Greybrook’s…

Navigating Uncertainty: Key Insights from Greybrook’s 2025 Investor Event

Insights
May 5, 2025

Last Thursday, Greybrook hosted its 2025 Perspectives & Insights event, bringing together investors for an evening dedicated to unpacking critical economic trends and their implications for real estate and investment strategies. Doug Porter, Chief Economist at BMO Financial Group, served…

All Publications

Join our newsletter and keep up to date with our news & insights

Contact us