Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $8,645,000 in equity to acquire and subsequently manage the development of a parcel of land located in Vaughan, Ontario. The property is co-owned with Marlin Spring and is expected to be developed into a 99-unit residential townhome community.
A thriving municipality strategically located in the Greater Toronto Area (GTA), Vaughan is one of the fastest growing cities in Canada. The City offers residents a rich suburban lifestyle with convenient urban amenities and easy access to Toronto and other municipalities across the GTA via major highways and the GO Transit system. The Toronto-York Spadina Subway Extension, scheduled to open in 2017, will further enhance the City’s transit options.
The development site is located in the established community of Woodbridge near many existing amenities, including Vaughan’s new downtown core, the Vaughan Metropolitan Centre, and the future Mackenzie Vaughan Hospital.
According to the Toronto Real Estate Board, the price of housing in Vaughan has grown at a rapid pace, up 59% from October 2012 to October 2016, and the demand for housing is expected to continue to grow due in part to the City’s well-planned communities, high quality infrastructure, and business friendly environment.
“With detached home prices averaging over $1 million in Vaughan, townhomes have become an increasingly attractive housing option for many homebuyers,” commented Alex Riajskikh, Director, Greybrook Realty Partners. “We are thrilled to be partnering with Marlin Spring on this development, and we are confident the Project will be well received by buyers considering Vaughan as a place to live,” said Mr. Riajskikh.
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.
We’re excited to share the highlights from Inside Track 2024, our annual investor event that offers industry-leading insights and engaging discussions on the future of real estate and the broader economy. This year, attendees had the opportunity to hear from…
Greybrook and our partners PMG, are pleased to announce that pre-leasing has commenced for Society Atlanta. Located at 811 Peachtree St. NE, Society Atlanta is a 31-story tower featuring 460 rental apartments, over 87,000 square feet of office space and…
We recently had the opportunity to fly over our Archetto Towns project in Woodbridge, offering a new perspective of our 91 townhomes low-rise community. Standing out against the eye-catching backdrop of vibrant fall foliage, this exclusive collection of contemporary townhomes,…
We are thrilled to announce that our Artistry Condos high-rise development in Toronto’s vibrant Grange Park community has reached a significant milestone with the successful topping-off of the building. This achievement marks the completion of the structural formwork at its…
We are proud to share that Linx Condos was recently nominated for the prestigious Heritage Toronto Awards in the Built Heritage category. This year’s 49th Annual Heritage Toronto Awards celebrated exceptional contributions to the preservation and evolution of the city’s…
In the latest episode of the Toronto Under Construction podcast, CEO Sasha Cucuz joins Bullpen Consulting’s Ben Myers and guest co-host Matt Young for an in-depth discussion on real estate investment. The conversation offers insights into Greybrook’s evolution, highlighting its strategic…
On October 20th, 2024, the Ontario government’s Provincial Planning Statement, 2024 (PPS 2024) came into effect, aiming to streamline the province’s land use planning framework. This new policy replaces both the Provincial Policy Statement, 2020, and A Places to Grow:…
The evening featured the prominent Benjamin Tal, Deputy Chief Economist and Managing Director of CIBC World Markets, who delivered his expert analysis of macroeconomic data and real estate trends in the Canadian market. Following his keynote, attendees enjoyed an engaging…
In a recent episode of The Tom Storey Show, CEO Sasha Cucuz joined co-hosts Tom Storey and Steve Karrasch to discuss the financialization of Canadian housing—an interesting topic in today’s real estate landscape. This episode delves into how the increasing…
Characterized by record-low sales activity and stagnant prices, there’s been no shortage of unknowns and questions surrounding the Canadian real estate market this year. Will the Bank of Canada’s recent rate cuts, and potential for more, encourage homebuyers to re-enter…
