Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $18,600,000 to acquire and oversee the development of a prime parcel of land located in Oshawa, Ontario. Together with its developer partners, Cityzen Development Group and Tercot Communities, the firm will develop the land with the view to securing the necessary planning approvals that permit the construction of over 220 single-detached homes and freehold townhomes.
Located approximately 60 kilometres east of Toronto in the City of Oshawa, the 29-acre development site is situated north of Highway 407 on Thornton Road North. Economic development within the city and throughout the surrounding Region of Durham has transformed the area in several ways, including more efficient and expansive regional transit, as well as robust job growth in the healthcare, education, and retail sectors. Oshawa has become a destination for both employment and urban living, attracting new residents to the city’s diverse amenities, connectivity to the Greater Toronto Area and relatively affordable residential housing options. According to the Conference Board of Canada, Oshawa boasted the highest GDP growth rate in Ontario in 2017, with a 4.1 percent increase, capping off a fifteen-year record rate of growth.
“We continue to see great opportunity for development in the Region of Durham and have worked for many years with our developer partners Cityzen Development Group and Tercot Communities to deliver the needed housing options throughout the Greater Golden Horseshoe area,” states Peter Politis, CEO of Greybrook Realty Partners. “Located minutes from several other Greybrook developments, this investment will provide prime serviced lots for residential development within an established, economically booming region.”
The portfolio of low-rise development holdings managed by Greybrook Realty Partners are projected to collectively result in the completion of over 10,000 ground-related homes in the Greater Golden Horseshoe region.
How is global uncertainty shaping confidence, supply, and the future of Canada’s housing market, and what lies ahead? What bold government actions are needed to unlock housing supply and help stabilize the market? These are just some of the key…
Toronto, ON — Greybrook is proud to announce its official sponsorship of the York University Lions Men’s Hockey Team at the Gold level, marking a historic milestone as the first-ever lead sponsor of the Men’s Hockey Program. This sponsorship reflects…
138 Yorkville, our ultra-luxury development in partnership with Cityzen and First Capital, recently hosted internationally acclaimed designer Gaurav Gupta for an exclusive showcase at our presentation gallery. Gaurav, celebrated for his sculptural silhouettes and red-carpet couture, presented a curated selection…
Sales have launched at Château 9, an exclusive new low-rise community featuring contemporary single-detached homes and townhomes in one of Stouffville’s most sought-after neighborhoods. Developed in partnership with Treasure Hill, Château 9 combines modern architectural design with small-town charm. Located…
Bringing together in-depth macroeconomic insights from Benjamin Tal, Deputy Chief Economist at CIBC, with a dynamic fireside discussion featuring Greybrook CEOs Sasha Cucuz and Peter Politis alongside Tyler Meredith (Founding Partner, Meredith Boessenkool & Phillips Policy Advisors), Justin Sherwood (SVP,…
The federal government recently launched Build Canada Homes, a new agency with an ambitious mandate: to rapidly scale up housing construction across the country, aiming to help double the national housing supply and improve affordability as part of Canada’s broader…
With interest rates elevated, higher costs, and policy hurdles mounting, Greybrook CEO Peter Politis joined The Your Life! Your Terms! Show on the “How Billion Dollar Developers See Canadian Real Estate In 5 Years” episode to discuss what these shifts…
The 6th Annual Velo Blu charity ride returned to Peller Estates Winery in Niagara-on-the-Lake on September 19th, once again demonstrating the power of community commitment to life-changing medical research. This year’s inspiring event raised $360,000, bringing Velo Blu’s cumulative contribution…
On September 17th, Greybrook proudly celebrated the grand opening of our new Vancouver office with a special lunch event at Seasons in the Park restaurant. The occasion was a great success and a celebration of Greybrook’s established presence in the Vancouver area.…
Greybrook announced today the acquisition of Terra at Piney Point, a 246-unit garden-style apartment community situated between Houston’s Galleria and West Houston neighborhoods, adjacent to Piney Point Village, one of Texas’s most affluent communities for the purchase price of US$35,600,000.(1)…
