Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $3,415,000 in equity to acquire and subsequently manage the development of a parcel of land located in Whitchurch-Stouffville, Ontario. The property is co-owned with Cityzen Development Group and Tercot Communities and is expected to be developed into a 51-unit residential townhome community.
The Town of Whitchurch-Stouffville, located just north of Markham, is the third fastest growing community in Canada and has experienced a notable residential boom in recent years. Known for its small town community feel and picturesque natural setting, the Town’s quality of life has attracted an affluent population with one of the highest household incomes in the country. Strong residential demand has resulted in a considerable rise in property values, with the Municipal Property Assessment Corporation (MPAC) reporting in June 2016 an 11.5% annual increase since 2012.
“The Town of Whitchurch-Stouffville has experienced incredible growth as prospective buyers look to areas outside Toronto for housing options that meet both their financial and lifestyle requirements, while also providing convenient access to the core,” said Alex Riajskikh, Director, Private Capital Markets, for Greybrook Realty Partners. “With the Town existing mainly within the protected Oak Ridges Moraine, future growth is largely constrained within the boundaries of Stouffville proper. By owning an infill development in one of the highest growth markets in the region, this transaction represents a tremendous opportunity to further enhance our portfolio of attractive ground-related product across the Greater Toronto Area.”
The portfolio of low-rise development holdings managed by Greybrook Realty Partners includes over 800 acres of land in Southern Ontario. The development of these properties is projected to result in the completion of over 4,000 single-family homes in the Greater Golden Horseshoe region.
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…
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…
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…
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…
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 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…
Sasha Cucuz, CEO of Greybrook Securities, recently appeared in Episode #83 on the beyond MD podcast. Hosted by Dr. Yatin Chadha, a radiologist based in Toronto, this popular podcast aims to enhance financial literacy among Canadian professionals, namely physicians, dentists, and…
The advancement of vertical construction marks a significant milestone for the iconic Downtown Miami residence, which will set a new standard in luxury condominium living and architectural design in the renowned city. Beyond its striking 9-staggered cube silhouette, the one-of-a-kind…
We are delighted to announce the successful sales and closings of all residential and commercial inventory at our Stockyards District Residences. This achievement signifies a major milestone for the project. With only a limited number of parking spots and lockers…
As we reflect on the last year, we proudly celebrate our team’s achievements across our organization and diverse portfolio of over 110 projects. In 2024, we remained focused on driving progress and adapting to shifting market dynamics, demonstrating our commitment…
