A co-signer is a person who agrees to take equal responsibility for a mortgage loan if the primary borrower fails to meet payment obligations.
Why a Co-Signer Matters in Real Estate
In Canadian real estate, co-signers are commonly used when the primary applicant doesn’t meet income or credit requirements. The co-signer’s financial information is included in the mortgage application, increasing the overall qualifying power.
Key considerations include:
Co-signers are legally liable for missed payments
Their credit may be impacted by the loan
The mortgage appears on both parties’ credit reports
Often a parent or close relative, a co-signer doesn’t usually hold ownership interest in the property unless formally added to the title.
Understanding the role and risks of a co-signer helps both parties make informed financial and legal decisions.
Example of a Co-Signer in Action
A parent co-signs a mortgage for their child who has limited credit history. They are jointly responsible for the loan but are not on the property title.
Budgeting in real estate refers to the process of forecasting and managing income and expenses associated with owning, operating, or developing a property.. more
Tenant improvements refer to custom modifications or build-outs made to a leased space to suit the tenant’s operational needs, often negotiated as. more
A massive new master-planned community planned directly north of the Gardiner Expressway in Etobicoke aims to deliver 7,360 new housing units, alongside 64,501 sq. ft of commercial space, a 49,998-sq.-ft elementary school, and around 2.5 acres of public parkland.
An Official Plan Amendment application was filed by Fig Tree Construction Ltd. in late June seeking the height and density increases necessary to redevelop 1255 The Queensway in Etobicoke with the proposed master plan.
If constructed, the development would span more than 18 acres and comprise 15 towers with heights ranging from 12 to 65 storeys, dramatically transforming what is currently a low-rise commercial plaza containing three single-storey retail buildings, including the Kipling-Queensway Mall, and 542,985 sq. ft of surface-level parking. Divided into six development blocks and two park blocks, the ambitious project would occupy the southeast corner of The Queensway and Kipling Avenue.
Much of the surrounding area has historically been home to a mix of lower-rise industrial, commercial, and residential buildings, but in recent years the neighbourhood has welcomed newer mid- and high-rise residential and mixed-use buildings, as well as new parklands.
There are numerous high-rise development applications currently approved or under review in the surrounding area, the most substantial of which include a 50-storey mixed-use tower at 5359 Dundas Street West, a 49-storey mixed-use tower at 25 Mabelle Avenue, and an 18- to 46-storey master-planned community that would be located directly east of the proposed development at 1025 The Queensway.
These proposed developments, alongside the expansive Fig Tree Construction project, will be supported by a wealth of transit options, including existing TTC bus routes and both Kipling and Mimico GO stations, which are within a 10- and 15-minute bus ride from the site. In particular, 1255 The Queensway is located directly between the Kipling Avenue and Islington Avenue onramps to the Gardiner Expressway, providing motorists with easy access to Downtown Toronto and Highway 427 and beyond.
Proposed and approved developments in the surrounding area/StudioJCI
Finalized renderings have yet to be shared, but preliminary site design and 3D modelling from Toronto-based architecture firm Studio JCI help demonstrate how the proposed community at 1255 The Queensway could take shape.
The designs show the development would spread across six development blocks and contain two public parks, in addition to a number of new roadways. The blocks are generally laid out in a backwards C shape, with blocks C, A, and B flowing west to east along the north half of the site, Block D in the middle-east of the site, and blocks F and E located in the southeast corner. Directly to the west of Block D would be the smaller 10,910-sq.-ft Park B, while the larger 97,359-sq.-ft Park A would be located in the centre of the development.
As for the roads, the development would contain three new streets and one private road between blocks B and D. Street A would run north to south, connecting The Queensway to Caven Street after curving west, and Street C would jut south from Street A to provide access to blocks E and F. Street B would start at The Queensway and curve around Block A to connect with Street A.
As you move from the eastern edge of the site to Kipling Avenue, and from The Queensway in the north to the Gardiner Expressway, the building heights generally increase, with some of the tallest located directly on these major roadways. Block C, for example, fronts onto Kipling and would contain a 65- and 45-storey building with a five-storey podium, while blocks A and B front onto The Queensway and have significantly lower heights due to the lower-rise buildings located on the north side of the roadway.
Site layout/Studio JCI
Block A features a five-storey podium with a 12-storey element along The Queensway and 40- and 37-storey towers in the southern portion of the block. Similarly, Block B would have a 12-storey element in the north and 33- and 30-storey towers in the rear.
Moving to the eastern edge of the site, Block D would front onto the new Street A and private road and would contain the proposed elementary school with adjoining 26,199 sq. ft of outdoor space. This building would feature a two-story portion containing the nearly 50,000-sq.-ft school, a seven-storey podium, and 42- and 38-storey towers.
Finally, Block F would consist of a seven-storey podium with 42- and 48-storey towers fronting onto Street C, alongside Block E, which would contain three towers with heights of 55, 50, and 47 storeys atop a shared seven-storey podium with a one-storey element facing the Kipling Avenue onramp.
In terms of landscaping, planning materials envision nature-filled streetscapes and design elements, including tree-lined streets, public parks, hardscaped courtyards, planter boxes, and green roofs.
Looking ahead, the developer intends to move forward with a Zoning By-law Amendment and Site Plan Application, at which time more detailed architectural and landscape renderings would be be released. While it's still early in the application process, the plans thus far for 1255 The Queensway seem they would completely transform the site, intensifying development in an emerging growth area and supplementing the housing needs of an expanding city with over 7,000 new units.
Canadian rents continued to slide in June, with the most pronounced declines reported in BC and Alberta and in Canada's largest cities. Driving the decline is a combination of low immigration and over supply leading to higher vacancy rates and longer vacancy terms, under which landlords are beginning to cave.
“Rent decreases at the national level have been mild so far, with the biggest declines mainly seen in the largest and most expensive cities," said Shaun Hildebrand, President of Urbanation. "However, it appears that the softening in rents has begun to spread throughout most parts of the country.”
At the national level, rents fell 2.7% year over year to $2,125 in June, according to the latest rent report from Rentals.ca and Urbanation. June marked the ninth month in a row to see annual decline, and the report reveals that sliding rents were driven largely by secondary market units.
The secondary market (i.e., not purpose-built rental apartment buildings) saw condo apartment rents fall 4.9% and single-family home and townhome rents drop 6.6%, while the primary market (purpose-built rental apartment units) experienced a lesser dip of 1.1% on a year-over-year basis. Purpose-built rentals have also seen more marked growth over the past three years, with asking rents up 24.6%, compared to a 1.6% increase for condos and a 0.2% dip for homes and townhomes.
According to today's 2025 Mid-Year Rental Market Update from the Canada Mortgage and Housing Corporation (CMHC), both purpose-built rental and secondary market landlords are struggling to fill units, but the latter group is more likely to respond by lowering rents while the former is more inclined to use measures like incentives to fill units, hence the discrepancy in year-over-year rent declines between purpose-built and non-purpose-built rentals. At the same time, CMHC reports that some operators have said they may need to lower rents in the coming years as they continue to compete with a well-supplied secondary rental market.
For now, purpose-built rental completions remain well above 10-year historical averages in most markets, creating a build up in supply. And meanwhile, immigration continues to slow, further driving down rental rates as newcomers, especially temporary foreign workers and international students, typically rent upon arriving in Canada as opposed owning.
According to CMHC, regions most impacted by slowing immigration include Vancouver, Toronto, and Halifax, while international student caps are generally hitting marks in BC, Ontario, and Nova Scotia. In light of current realities, CMHC predicts vacancy rates will continue to climb over the course of 2025.
Coming back to the Rentals.ca and Urbanation data, BC and Alberta saw rents fall further than any other provinces last month, posting 3.1% year-over-year declines each, followed by Ontario at 2.3%. Meanwhile the Prairies were calling last month as rents in Saskatchewan jumped 4.2% year over year, making it the only province to see an annual increase.
On the municipal level, four out of Canada's six largest cities experienced yearly rent declines, with the exception of Edmonton and Ottawa, which both posted "modest increases" of 0.6% and 1%, respectively. Bringing up the rear, according to the report, were Calgary, Vancouver, Toronto, and Montreal at -7.9%, -7%, 4.7%, and 2.3%, respectively.
Across unit types, one- and two-bedrooms struggled the most in June, with both seeing rent drops of 3.5% year over year, while three-bedroom purpose-built apartments rose 4.4% year over year to an average of $2,755, which according to the rent report was the strongest performing segment last month.
Asking rent for shared accommodations continued to decline in June as well, with rents falling 5.1% annually to $939. In Ottawa, where there is a shift to more expensive co-living units, rents rose 12.8%, while Vancouver drove the overall decline with a 11.6% drop.
NorthStar Development's 40-unit Estrella rental project in Prince Rupert, BC.
Developer Gordon Wylie has worked on office buildings, all types of residential, real estate investment, and major shopping mall redevelopments, including project lead on the early iteration of Oakridge Mall during his tenure as Vice President, Development, for Ivanhoe Cambridge.
He was also key in the company’s purchase of Metrotown Centre, an expansion that helped transform Burnaby. Wylie says he’s always up for a challenge, and so it fits that he’s now one of the rare developers who’s embraced modular construction to bring desperately needed rental housing to BC’s northern city of Prince Rupert. The five-storey, 40-unit Estrella rental project is a test case for his company, NorthStar Development Corp., which handled the financing, development, and construction management of the new rental building. NorthStar builds office, retail, industrial, mixed use, and rental and condo housing, and partners with non-profits to deliver below-market housing.
NorthStar Development's 40-unit Estrella rental project in Prince Rupert, BC.
Volumetric housing, or modular, involves factory built, Canadian Standards Association approved, enclosed units that are transported to site. Some units even include built-in furnishings such as Murphy beds. Because they’re built precisely, often with machine tool automation and within a temperature-controlled factory setting, the modules are extremely energy efficient.
For Prince Rupert, NorthStar assembled a construction team that’s skilled in factory-built construction, and they’ve acquired the modules from a long-established factory based in Winkler, Manitoba. Within five days this month, the modules were stacked on the city-owned site, and the residences should be ready for occupancy by the year’s end, says Wylie.
“If we are going to tackle housing the way Carney is, we need to get greater efficiency, and that is through a bigger body of knowledge, of people who understand modular well,” says Wylie. “And scale is everything. If the government is pushing scale through their funding programs, then that will create an industry that becomes more efficient. We already have quality — we just need efficiency by scale.”
The Conservative Party of Canada has criticized the Liberals' plan, arguing that if prefabricated building was so much cheaper developers would have already been building that way.
NorthStar’s approach differs from the usual approach that developers take to modular, he says, which is to design a building and then try to adapt it to modular construction, bringing in a general contractor to cost it out. Ultimately, they deem the cost of modular too expensive.
“One of the reasons people don’t do modular is they find it too expensive, and they don’t understand it. It does take a deep dive to do it well,” says Wylie. But the conventional approach is inefficient, he says.
“Modular offers time efficiency, and that’s easy to get, but the cost efficiency is harder.
“Our approach was to deeply understand modular as a business and understand how we could deliver it at scale, by doing a smaller project like [the one in] Prince Rupert, to perfect our model. And so, our construction manager has a huge amount of experience in the industry building both at the factory level and on site. We were able to tender out the modular building once we had designed it with a set of modular experts, so we have consultants that only do modular. By taking that approach, we took out the middleman. That made it affordable.”
But there remain obstacles to growing the industry. One challenge is that conventional financing is released for each major phase of construction. That model doesn’t fit with a factory order that requires a hefty upfront payment. And only recently has the CMHC pivoted to allow loan insurance on modular construction, starting with the construction loan on a 90-unit modular apartment building in Lucan, Ontario, in the fall of 2023.
Wylie said the only way they could finance the Prince Rupert project, for example, was through BC Builds, a rental housing supply program that provides low-interest loans to developers. The idea is to develop on publicly owned land, such as the land owned by the city of Prince Rupert. NorthStar helped create the independent non-profit Aurora Housing Society, which has a board of non-profit and real estate professionals, and will be the owner-operator of the Estrella. Some 20% of the building will be below-market rate.
Without the provincial program, it would have been impossible to get the financing, says Wylie.
“The CMHC in our opinion doesn’t have a good policy to finance modular. They need to address this,” he says. “And banks do not have a funding model to finance modular… The CMHC and banks need to recognize the funding model is different with modular because of the inherent product type.
“One big thing to understand is that it’s a product, not a building.”
At the time, CMHC wouldn’t finance the project at the factory stage. And without CMHC backing, lenders refuse funding because it’s too risky, says Wylie.
“You need to pay a large deposit… so we would have had to fund that with equity and then fund all the modular construction with equity.”
Ottawa-based Atul Bhatt is founder of the new ModuRisk Inc., a tech company that helps insurers and lenders underwrite risk in modular construction projects. Bhatt, who worked on housing innovation with the Canada Mortgage and Housing Corporation, hopes his start-up will play a role in making the Carney government’s initiative a success.
“The problem is that the major developers have to put up too much upfront equity into factory development projects, because when the building construction happens in a factory, beyond the foundation, the developer will not get money from the lender,” he says. “Or the CMHC insurance will not be available for the progress, because the progress is all in a factory.
“Every bank underwriter in Canada will need to learn how to vet a modular project,” says Bhatt.
Also, varying building codes between provinces makes it difficult to use standardized modular units across Canada. Antonio Manchisi is pre-construction manager for a UK-based designer and manufacturer of modular balcony cassettes, called Sapphire Balconies. He is working on several projects in Canada, such as Vancouver’s modular affordable housing community, the 123-unit Vienna House.
“We have disjointed building codes all around Canada. It’s hard for a company to modify, to standardize and become modular with components nationally,” says Manchisi. “A proper national building code that’s not amended by locale is a big deal. When we talk about the $25 billion, let’s set aside a couple of bucks to fix the building codes. If you can do that, you unlock broader adoption across the board.”
A rendering of Vienna House in Vancouver
And the other obstacle that’s been around since factories started churning out pre-built homes is public bias about the look of them. Modular housing has come a long way over the years, says Manchisi.
“It’s not the 1980s concrete boxes anymore,” he says.
“Vienna House has three different[ly] sized balconies, three different aesthetics, and all three are modular,” he says. “We are building the same thing over and over again, but it looks different on the outside and everybody loves it,” says Manchisi.
Japan and European countries have been building innovative modular designs for years, and YouTube is full of time-lapse videos of buildings going up within hours. Canada just needs to adapt its policies and its financing systems to a way of construction that saves time, is less wasteful, offers greater energy efficiency, and could help address the supply issue while growing a Canadian manufacturing industry.
Market researcher David Eger, Altus Group’s Vice President for Western Canada, said that concurrent with the $25 billion, government should also open up large tracts of easy-to-develop land parcels in good locations; reduce requirements for consultant reports and studies; fast-track infrastructure for the servicing of the new developments; streamline building standards and approvals; and incentivize developers to build lower-priced but high quality housing.
I believe we may eventually see other larger developers, like Mattamy Homes, build their own modular factories in order to speed delivery and reduce costs for their own projects,” said Eger, in an email. “With Mattamy Homes owning their own factory, they can control all aspects of design, quality, and delivery timelines.
“Of course, large developers will only do this if they can be certain it benefits the overall bottom line.”
Rendering of 1911 Finch Avenue West/BDP Quadrangle
A fixture of Toronto's Jane and Finch neighbourhood for upwards of 50 years, Jane Finch Mall has seen its fair share of change, from updated stores and restaurants to the addition of new grocery offerings to meet the evolving needs of the community. And it’s in for its biggest transformation yet. In the coming decades, the property at 1911 Finch Avenue West will be redeveloped into seven mixed-use blocks with a dozen new mid- to high-rise buildings and over 4,600 new residential units.
The proposed redevelopment, which comes from an affiliate of Southdown Builders Brad-Jay Investments Ltd., got the City's go-ahead in August 2024, around eight months after the company filed plans for Phase 1 of the master plan. Most recently, Brad-Jay has announced that they have brought on prominent investment and development company Hullmark to see the transformation through. The project will join similarly ambitious development endeavours in the company’s portfolio, including Beltline Yards, a master-plan community in the works from Hullmark and BGO.
Towers planned for phases 1 (outlined in pink) and 2 (outlined in brown) of the proposal/BDP Quadrangle
Concept plan/BDP Quadrangle
In a press release from Monday, Brad-Jay revealed that Hullmark has “acquired a minority interest in the Jane Finch Mall property,” and “will act as the Master Development Manager for the project.”
"We've been clear from the beginning that we will take the time needed to find the right partner, and we found that in Hullmark," said Jay Feldman, CEO of Brad-Jay, in the release. "Hullmark brings deep experience in thoughtful, community-minded urban development. We're looking forward to working collaboratively in the years ahead to help shape the future of this site in a way that reflects the needs and aspirations of the Jane Finch community."
"My grandfather, Murphy Hull, played a key role in establishing this neighbourhood — helping bring York Finch General Hospital to life and leaving a lasting legacy in the community,” added Jeff Hull, President of Hullmark. “Today, that same spirit of long-term partnership and community focus inspires us. Taking a minority stake in this site reflects our belief in honouring the community's decades-long vision and building together for the next generation."
View of Jane Finch Crossroads Plaza looking south from Finch Avenue/BDP Quadrangle
View of Jane Finch Crossroads Plaza/BDP Quadrangle
While the Jane and Finch neighbourhood hasn't always had the rosiest reputation and has been known in the past for its high unemployment and crime rates, the development focus from companies like Brad-Jay is indicative of a promising future. The area has been long overdue for better public infrastructure, and the future Finch West Light Rail Transit is expected to answer that need, increasing connectivity from Jane-Finch to other segments of the city. Meanwhile, large-scale projects like the Jane Finch Mall redevelopment will bring new people and jobs to the neighbourhood.
As mentioned, Brad-Jay already has plans in place for the the first phase of the development, which is set to deliver six towers from 28 to 47 storeys in height to the northwest corner of of the site. The site covers around 3.2 hectares, is predominantly made up of surface parking, and is minutes away from the forthcoming Finch West LRT.
View of neighbourhood park looking west from Driftwood Avenue
View of neighbourhood child-care facility and park/BDP Quadrangle
According to a City report from March 2024, the towers would jointly contain 2730 new residential units — including 186 studios, 1439 one-bedrooms, 821 two-bedrooms, and 284 three-bedrooms, for around a 40% share of larger family-sized units — and around 61,010 sq. ft of non-residential gross floor area to accommodate 50,622 sq. ft of retail, 5,000 sq. ft of community space, and a 5,382-sq.-ft daycare. In addition, plans call for the creation of new streets, parks, and public spaces. Per the project website, most of Jane Finch Mall would be retained during the first phase — expected to last between 15 and 20 years — with around 26,909 sq. ft set to be demolished.
Renderings prepared by Toronto-based architectural firm BDP Quadrangle show the six towers that would be delivered through the first phase perched atop a series of mixed-use podiums ranging from two to eight storeys in height. Meanwhile, the base of the towers are shown with lush greenery, networks of walkways, and an open-air plaza. Some of the renderings additionally show four condo towers and two mid-rise buildings that will be delivered in a later phase, although the exact heights aren't specified.
Office towers in downtown Toronto. / Erman Gunes, Shutterstock
Just before the weekend, Toronto-based H&R REIT (TSX: HR.UN) disclosed that it had formed a special committee in February "to review and consider strategic alternatives after receiving an unsolicited expression of interest," confirming the possibility that the REIT may be sold.
H&R REIT says that after receiving that unsolicited proposal, it has received other proposals for potential transactions.
Details about the received offers were not provided, with H&R REIT only saying that the special committee has retained National Bank Financial as its independent financial advisor and Fasken Martineau Dumoulin LLP as its independent legal counsel. CIBC Capital Markets and Blake Cassels & Graydon LLP are also serving as advisors.
"The Special Committee continues to discharge its mandate and is currently considering and in discussions in respect of confidential non-binding offers received from a number of interested parties," said the REIT in a press release. "No decision has been made as to whether the REIT should proceed with a Potential Transaction, nor has any agreement been reached with a counterparty, and there can be no assurance that the Special Committee’s process will result in any Potential Transaction or any other alternative transaction. In addition, the timing, structure and terms of any Potential Transaction remain uncertain. The REIT continues to believe in its long-term strategy and its strategic repositioning plan, and will only pursue a Potential Transaction that is in the best interests of the REIT."
The REIT said that it will not be providing further comment on the process unless it is warranted and required by securities laws.
H&R REIT is one of the largest REITs in Canada, although a significant portion of its portfolio includes assets in the United States. As of March 31, 2025, H&R REIT had $10.5 billion in assets under management, split between residential, industrial, office, and retail properties across North America that totalled over 25 million square feet.
An overview of H&R REIT's portfolio as of Q1 2025. / H&R REIT
H&R REIT was founded in 1996 by Thomas J. Hofstedter, who currently holds the title of Executive Chairman and CEO. The firm began with a collection of office assets owned by the Hofstedter family and grew substantially in the years after going public. It has also made several large acquisitions over the years, including The Bow in Calgary and a stake in Scotia Plaza in Toronto, both of which have since been sold.
In 2013, H&R REIT made an attempt to purchase Primaris REIT (TSX: PMZ.UN) for $2.7 billion in a deal that would have made H&R REIT the largest REIT in Canada. However, H&R faced strong competition from Toronto-based private equity real estate investment firm KingSett Capital, and the two ultimately split Primaris' portfolio, with H&R REIT acquiring the rights to Primaris' name.
In 2022, H&R REIT then spun out its various enclosed shopping centres to Primaris REIT, which then immediately acquired a portfolio of properties from the Healthcare of Ontario Pension Plan (HOOPP). Today, Primaris REIT continues to target enclosed shopping centres and this year made several large acquisitions, including the Lime Ridge Mall in Hamilton for $416 million, although it has also been affected by the insolvency of the Hudson's Bay Company.
For H&R REIT, it currently has several notable development projects in its pipeline, although it is unclear when those projects will proceed as a result of the market downturn. Notable projects in Toronto include a 60-storey tower at 145 Wellington Street W, a 66-storey tower at 53-55 Yonge Street, two 65-storey towers at 310-330 Front Street W, and a multi-tower project at 77 Union Street.
H&R REIT's unit price jumped approximately $1.75 to a peak of $12.55 on Friday after it made the disclosure, but has since cooled off by approximately $0.35 on Monday as of time of publishing. If a transaction for H&R REIT is secured it would be the second big REIT sale of the year with the first being the pending sale of InterRent REIT (TSX: IIP.UN).
Joseph Feldman (left), David Feldman (right) of Camrost Felcorp
As it gears up for its 50th year in operation, Camrost Felcorp has made major changes to its senior leadership team, including the appointment of Joseph Feldman to President and Chief Operating Officer. The company behind landmark projects like Upper East Village in Leaside and the Exchange District in Mississauga announced Monday that former President David Feldman will stay on as Chairman and Chief Executive Officer, and will maintain an active role in Camrost’s “overall direction.”
“As we reflect on the company’s success over the past 50 years, it’s not only a moment to appreciate the legacy we’ve built — but more importantly, an opportunity to think boldly about the next 50,” said David in a press release. “We’re evolving our leadership and sharpening our focus to be even more responsive, ambitious, and future-oriented — building on the strength of our team, the values that have guided us from the beginning.”
Joseph tells STOREYS his father is “one of the most nimble” individuals in the industry. “He has no problem [thinking] differently and tackling projects that others are scared of, he has no problem being pioneering,” he adds. “For me, it’s a matter of maintaining that open-mindedness and think-outside-the-box approach that has driven his success, and the company’s success, over the last 50 years.”
While Joseph is stepping into the role during an inexplicably challenging time for the industry, he expresses that Camrost Felcorp is in a better position than most in the real estate development space.
“We're very fortunate because of the way in which we've operated over the last five decades,” he says. “We've done it all. We're not just condo developers, we've always dabbled in other tenures such as purpose-built rental. And the ability to be nimble is important when the industry is facing turbulent times. We're confident and we're excited.”
Notably, Joseph is one of more than 30 private and not-for-profit experts on Mississauga’s Mayor’s Housing Task Force, which was assembled in 2024 and has already had a hand in the city lowering development charges by 50% for all residential projects, and 100% on all three-bedroom purpose-built rental units until November 2026.
“The City of Mississauga, where we do a lot of business, has stepped up. The Region of Peel, as of recently, has stepped up. The Province, as part of that announcement, has stepped up. And, come September, we're really excited to hear how the federal government [intends] to tackle this housing crisis,” he. “We have a strong team and we're ready to take advantage of the path forward that government provides.”
Camrost Felcorp has also promoted Jonathan West, Tara Welat, and Sabrina Carpino to vice president roles. “Each brings proven leadership and deep expertise that will help shape the company’s continued success in its next chapter,” says Monday’s release.
“The goal is to continue what we do very well, which is create communities that people love and to make any neighbourhood that we develop in better than before we started,” adds Joseph. “We're really excited to tackle the challenges to come at this pivotal time in the industry.”
A Scarborough housing proposal is moving ahead with a Site Plan Approval (SPA) application that seeks to replace a low-rise commercial plaza with a 34- and 11-storey mixed-use development that would offer 565 new rental units.
According to the planning materials, the SPA follows a September 2023 Zoning By-law Amendment application for a smaller 24- and 21-storey structure, which was approved in April 2024 with amendments that brought the heights up to their current specifications. With the approval came a (“H”) Holding Symbol to be cleared with the successful review of a Functional Servicing Report, Stormwater Management Report, and Methane Gas Study.
The developer filed a Lifting of the (H) application last September, and in December, following feedback from the City, and is resubmitting plans in tandem with the current SPA application.
If approved, this development would deliver hundreds of much-needed rental units within a 10-minute transit ride to Kennedy GO and subway stations. Located at 2157-2183 Lawrence Avenue East on the southeast corner of the Birchmount Road intersection, the development would also be well served by existing infrastructure and amenities along Lawrence Avenue.
Getting into the building itself, the structure would feature a shared six-storey podium from which the 34-storey 'Tower A' and 11-storey 'Tower B' would rise. The design has been crafted by Kirkor Architects, whose renderings reveal a liberal use of brass or brown coloured slabbing on the facade.
2157-2183 Lawrence Avenue East/Kirkor Architects
At grade, 4,970 sq. ft of retail space would wrap around the corner at Birchmount and Lawrence, while the residential lobby, pet wash, 4,538 sq. ft of indoor amenity space, and a 794-sq.-ft cafe and bistro would be located along Lawrence. The remaining 24,477 sq. ft of amenity space would be found on the mezzanine level and on the seventh floor rooftop patio and amenity level, which would include a 3928-sq.-ft terrace and 2,496 sq. ft of indoor amenity space divided between the two towers.
Across the two towers, the 565 rental units would be comprised of 308 one-bedroom units, 198 two-bedroom units, and 59 three-bedroom units. Available to residents within the three levels of underground parking would also be 235 vehicle parking spaces, including 176 residential spaces and 59 visitor parking spaces, and 425 bicycle spaces, made up of 385 long-term spaces and 40 short-term spaces.
Once complete, the development would be one of the larger towers in the surrounding area, offering a range of new housing options and as well as business and employment opportunities.
Welcome to Meet the Agent, an ongoing series profiling real estate agents from across Canada. With more than 150,000 agents, brokers, and salespeople working in 75 different boards and associations across the country, we thought it was about time they had a place to properly introduce themselves.
If you or someone you know deserves the same chance, email agents@storeys.com to apply.
THE DETAILS
Name: Ankur Singla
Areas of Focus: Brampton, Caledon, Mississauga, Toronto and the Waterloo Region.
I was born and raised in India, but Canada became my home when I moved here as an international student at 18. My journey from washing dishes to becoming a top real estate professional shaped my perspective on financial independence and success.
Where do you live now? And what neighbourhood (in Canada, or worldwide) would you love to live in (that isn’t your own)?
I currently live in Brampton, a thriving hub for families and real estate investors. If I had to choose another place, I’d love to experience downtown Toronto’s energy — there’s something about that skyline and fast-paced vibe that excites me.
I realized early on that real estate is the fastest way to build generational wealth. From renting to owning my first home, I saw the potential and wanted to help others achieve the same. My passion for guiding first-time buyers, investors, and families led me to this career.
In a few sentences, describe what a typical “day in the life” looks like for you. Does this align with what you expected before you became an agent?
Every day is different — calls, showings, negotiations, and content creation to educate my audience. I knew real estate would be demanding, but I didn’t expect to love it this much! Seeing clients get the keys to their dream homes is the best feeling.
What’s the single best advice you have for sellers?
Price your home right the first time! The market speaks, and overpricing can cost you valuable time and money.
What’s the single best advice you have for buyers?
Get pre-approved and know your budget — then act. Focus on what you can afford.
What made you choose to work for your current brokerage?
I wanted a brokerage that aligned with my vision — supporting growth, marketing innovation, and providing clients with top-tier service. Most importantly, I wanted to be part of a 100% Canadian brokerage that understands the local market inside and out, ensuring my clients get the best insights and opportunities.
Who do you believe is making the biggest waves in the industry today? Is there anyone you recommend people should be paying attention to right now?
I believe agents and creators who share real, honest market updates — not just hype — are making the biggest impact. In Canada, professionals who combine local data with practical advice on social media are changing how buyers and sellers make decisions. Anyone helping people cut through the noise and make informed moves is someone to watch right now.
What is one professional goal you have for the next year? What’s one that you have for the next 10 years?
Next year: Build a strong team under Singla Realty to serve more clients and expand my reach. Next 10 years: Become Brampton’s top realtor known for results, trust, and helping families build wealth through real estate.
Tell us about your favourite (or most memorable) sale, and why it stands out to you.
A first-time homebuyer who thought they’d never qualify for a home called me in tears after we closed the deal. That moment reminded me why I do this — to help people build a future.
What are the three words you hope your clients use to describe you?