GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $17,390,000 in a Residential Land Development Project with Cityzen Development Group and Tercot Communities in Oakville, Ontario

Date:
April 19, 2016
Share:

Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $17,390,000 in equity to acquire and subsequently manage the development of a parcel of land located in Oakville, Ontario. The property is co-owned with Cityzen Development Group and Tercot Communities.

The Town of Oakville is a picturesque community known for its established neighbourhoods and the attractive range of community amenities that it offers.  Oakville is generally recognized as one of the most prestigious residential communities in Ontario and the Town’s quality of life and diverse employment base have attracted affluent residents. As a result, Oakville possesses one of the highest median household incomes in Canada.  Easily accessible by major highways and by GO train, Oakville’s proximity to Toronto has generated strong demand for residential housing. Additionally, a significant number of corporate head offices are located in Oakville, including Tim Hortons, Siemens Canada Ltd. and Ford Motor Company of Canada.

The development site is located within the planned Glenorchy neighbourhood of the New Communities of Oakville, wherein the North Oakville East and West Secondary Plans have set the ground work.  The New Communities of Oakville are expected to house 50,000 people, create nearly 35,000 jobs, and include residential, commercial, employment, institutional and natural open spaces.  Situated in Oakville’s north end, this area is one of the last remaining areas designated for residential development within the Town.  The co-owners intend to participate in Halton Region’s 2018 allocation program in order to secure their future entitlement to the required servicing and infrastructure for the project site.

“This acquisition furthers our 2016 investment strategy to target high-quality residential properties in the low-rise market.  As demand for available developable residential land across the GTA continues to grow, the low-rise market in established areas like Oakville is expected to remain robust,” said Alex Riajskikh, Director, Private Capital Markets of Greybrook Realty Partners.

Read the full release on the Globe Newswire site.

Latest Insights

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

Company News
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 Doug 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

Uncategorized
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…

Leaders Lounge 2025: Toronto’s Real Estate Leaders Gather to Chart the Future

Uncategorized
April 24, 2025

On April 3rd, Toronto’s premier real estate networking event, Leaders Lounge 2025, brought together some of Toronto’s most influential industry leaders for an unforgettable evening of insights, conversation, and collaboration. Hosted by UJA and Toronto Real Estate Leaders, the invitation-only…

Greybrook Invests $22,850,000 in a High-Rise Residential Development Project with Stafford Homes in Toronto, Ontario

Uncategorized
April 23, 2025

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,850,000 to acquire and oversee the development of a prime parcel of land located west of Yonge Street on Berwick Avenue, immediately…

Alex Nisenker, VP Private Capital Markets, Talks Navigating Market Volatility and Development Opportunities on The Well Off Podcast

Insights
April 2, 2025

Uncertain market conditions continue to be a consideration for business owners and investors alike, encouraging many to reassess their strategies and prioritize core strengths while identifying opportunities for long-term success. In the latest episode of The Well Off Podcast, Alex…

Boardroom Brief: EP. 06 – Staying Ahead in Uncertain Times

Insights
March 26, 2025

Uncertainty dominates today’s headlines – from economic volatility to geopolitical tensions – and the real estate market is no exception. Developers and investors alike are navigating rising costs, evolving policies and shifting buyer behaviours in an environment where adaptability is…

Greybrook Celebrates International Women’s Day 2025

Company News
March 8, 2025

At Greybrook, we are proud to recognize and celebrate the extraordinary women who have played an integral role in shaping our organization. This year, in honour of International Women’s Day and Women’s History Month, the women at Greybrook came together…

Greybrook Team Members Roll Up Their Sleeves to Support ‘The Common Table’

Company News
March 3, 2025

At Greybrook, we recognize the importance of contributing to the communities where we live and work. Recently, our team had the opportunity to come together to volunteer at The Common Table, a Toronto-based drop-in program that provides meals, essential support…

Boardroom Brief: EP. 05 – Trump, Tariffs & Trade Tensions: What the Potential U.S. Tariffs Could Mean for the Real Estate Market

Insights
February 5, 2025

The prospect of a trade war that could disrupt the North American economy is on hold – for now. U.S. President Donald Trump has agreed to delay imposing 25% tariffs on Canada and Mexico for 30 days, easing immediate concerns…

The Elser Hotel & Residences Miami is Over 95% Sold

Portfolio Updates
January 28, 2025

The Elser Hotel & Residences continues to meet the demand of Miami’s evolving real estate market, with over 95% of its units now sold. Its exceptional amenities, prime location, and attractive hotel rental model remain key drivers, drawing discerning owners…

All Publications

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

Contact us