With the Bank of Canada (BoC) front-loading interest rate increases to address inflation, we have seen the central bank’s policy rate increase from 0.25% in January 2022 to 3.25% in September 2022, and it is widely expected that the BoC will continue its tightening cycle raising rates another 50 to 75 basis points by the end of the year. This rapid increase has of course had a dampening effect on the real estate market and has implications for the development industry and the supply of new homes. In this session, we share our perspective on what’s happening in the housing market and our views on the impact of this rising rate environment on the development industry, Greybrook’s real estate portfolio, and acquisitions over the near term.
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To date, the Constantine Yorkville Run has helped raise $603,576 for more than 25 local charities. Greybrook is proud to have continued our support as a sponsoring partner and participant in this year’s run, with our own rising to the…
Miami’s vibrant Wynwood neighbourhood is a hub of art, culture, and innovation that continues to grow and evolve with new developments taking shape throughout the area, including our Society Wynwood development located in the heart of the neighbourhood on NW…
Construction has been progressing steadily at our Archetto Towns in Woodbridge. Since our last update, foundations for all 16 blocks have been poured and framing is well underway for many of the homes in the development. The windows and door…
As of the end of July, 51 out of 75 estate homes have closed, and all estates under construction have been bricked and drywalled and are advancing steadily toward completion with interior finishing. Final closings are set to continue throughout…
We look forward to taking part in the 4th Annual Velo Blu Pedal for Blu Genes event on September 15th in Niagara-on-the Lake, along with many of our colleagues and partners in the real estate development, finance, and professional services…
The marketing launch for Joya on the Queensway, our mid-rise residential development at 1045 The Queensway, has commenced with email and social media marketing campaigns to generate awareness about the project and invite purchasers and brokers to register. The 12-storey condominium in the…
As the City of Toronto grows, welcoming tens of thousands of new residents every year, new condominiums are being planned and constructed throughout the city that offer residents convenient access to area amenities and popular neighbourhoods that can be easily…
Vertical construction work continues at our Society Atlanta site, with steady progress resulting in the eighth-floor podium being topped off in May of this year, and concrete pours continuing up to the 15th floor and decking completed on the 16th…
The 74-unit townhome development located at Gordon Street and Scadding Avenue saw final home closings completed in Q1 of this year, with all new residents now in their homes in this beautiful waterside community. The remaining scope of work primarily…
In June, Greyspring Apartments announced the acquisition of two 14-storey concrete apartment buildings at 135 and 145-155 Rue Deguire in Montreal, Québec, representing a strategic expansion into the established borough of Saint Laurent located on the Island of Montreal. This…
