Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $15,920,000 to acquire and oversee the development of two prime parcels of land located in Courtice, Ontario. Together with its developer partner, Tribute Communities, the firm will develop the lands into a residential community consisting of over 230 single-detached homes and freehold townhomes.
A growing residential community located 75 kilometres east of Toronto, Courtice is ten minutes from the City of Oshawa, and is part of the municipality of Clarington within the region of Durham. Home to a population of over 93,000, Clarington is a growing region known for its four urban communities, fourteen hamlets, and wide-open rural areas. Demand for housing across Durham region has continued to show signs of strength. According to a recent Toronto Real Estate Board report, prices of detached singles increased by 33% and townhomes increased by 39% from May 2016 to May 2017 as the region continued to attract new families.
This development will bring to market a collection of single-detached homes on 40 foot lots and townhomes on 20 foot lots across two development sites in Courtice at 2212 Trulls Road and 2350 Courtice Road. The sites are adjacent to existing properties owned by Tribute Communities and part of the developer’s larger expansion plans for the area. Both sites provide convenient access to Highway 401, and the future Highway 407 extension expected to complete in 2020. Additionally, Metrolinx has plans to build a GO Train station south of Highway 401 in Courtice by 2024, which will provide daily train service to downtown Toronto.
“We are excited to provide our investors with another strong investment opportunity in the Region of Durham, a municipality which continues to display strong growth potential and absorption rates,” states Alex Riajskikh, Director of Private Capital Markets, Greybrook Realty Partners. “This is our fifth development in the Region and eighth development partnership with Tribute Communities, an exceptional developer actively working to provide the community of Courtice with much-needed housing supply.”
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…
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…
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 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…
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…
