As investors in the Region, we are very pleased with the recent announcement that General Motors (GM) will be reopening their assembly plant in Oshawa and investing $1.3 billion to retool the plant that was previously shutdown in 2019. According to Jerry Dias, Unifor’s national president, the reopened plant will bring between 1,400 and 1,700 jobs, replacing most of the 3,000 jobs lost in December 2019. This investment, along with GM’s new Autonomous Vehicle Test Track, will position GM and Durham Region as key players in advanced mobility in Ontario.
While Oshawa has long been known as the Automotive Capital of Canada, and will continue to maintain a strong automotive sector with this latest investment, the City, and more broadly Durham Region have in recent years focused on strategic planning and initiatives to attract new investments, diversify their economy and support job growth.
Recent announcements include an agreement reached with Amazon to build two Amazon fulfillment centers in the Region. A one million-square-foot distribution facility with 1,000 new jobs in the Town of Ajax and a 354,000 square foot facility in the Town of Whitby, with hundreds of full and part-time jobs.
In June 2019, Ontario Power Generation (OPG) announced it will build a new Corporate Campus in the Municipality of Clarington. The campus, expected to complete in 2024, will house the company’s corporate headquarters, in addition to renewable generation and nuclear staff; bringing more than 2,000 jobs to the area.
Infrastructure investments extending transit connectivity to the Region are also planned. Early in 2020, Metrolinx Board of Directors endorsed the GO East Rail Extension through Oshawa to Bowmanville in Clarington, featuring four new station stops – two located in Oshawa, and GO stations in both Courtice and Bowmanville, which are expected to drive economic revitalization in several key areas, while supporting active transportation within the communities. According to Metrolinx, this investment is expected to have a positive economic impact on the communities for the next 50 years.
Durham Region, which makes up 9.3% of the GTHA’s total population, has been steadily growing. The population has nearly tripled since 1976, and more recently grew 8.4% from 2016 (645,8260) to 2019 (699,460) putting it well on its way to a forecasted population of more than one million people by 2041.
With Greybrook’s first housing development in the Region, Orchard West, nearing completion and in the final stages home occupancy, and other sites in active development, we are thrilled to be a part of Durham’s growth and continue to actively seek new investment opportunities in the Region.
Get in touch to learn more about upcoming investment opportunities.
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…
On December 20th, Greybrook successfully closed on a $42,000,000 investment completed by its managed issuer. The funds will be used to acquire and oversee the development of a prime parcel of land located at the intersection of Warden Avenue &…
Greybrook is proud to share our support towards the revitalization of The City of Cambridge’s Preston Memorial Auditorium. This contribution will play a crucial role in the ongoing renovation and expansion of the recreational facility, which will continue to serve…
This past fall, the 5th Annual Velo Blu charity ride for Blu Genes took place, bringing together over 140 participants and raising more than $400,000 for gene therapy research. Set at Peller Estates Winery, this unforgettable event highlighted the power of community…
Since its launch last October, the low-rise, master-planned community—developed in partnership with Tribute Communities—has continued to attract interest from prospective buyers eager to experience the small-town charm of Lindsay. Now, with the grand opening of the showhomes, buyers have the…
The rise of artificial intelligence (AI) and the increasing adoption of technology across industries has led organizations to explore new ways to transform and streamline operations to stay competitive. As a result, the demand for tech talent has surged, often…
