Lien Waiver

Last summer, Chartwell Retirement Residences (TSX: CSH.UN) announced that it had reached an agreement to acquire a portfolio of six seniors housing communities located in southwest Ontario for $432 million, continuing to expand its footprint in the region.

The portfolio of six properties represented the entire seniors housing portfolio of Ontario-based Sifton Properties and totalled to 1,024 suites (plus 29 additional units under construction), split between the following six properties:

Canada’s housing construction trend remained largely unchanged in February, even as monthly starts ticked higher, according to new data from the Canada Mortgage and Housing Corporation.

CMHC reported that the six-month trend in housing starts — measured as the six-month moving average of the seasonally adjusted annual rate (SAAR) — edged up 0.4% in February to 256,005 units.

Canada added more new housing supply in 2025, driven largely by record rental construction and a growing share of missing middle housing — but new data suggests underlying vulnerabilities are building, particularly in major ownership markets like Toronto and Vancouver.

According to the Spring 2026 Housing Supply Report from the Canada Mortgage and Housing Corporation (CMHC), national housing starts rose 6% year-over-year in 2025, to 259,000 units. Activity exceeded the 10-year average in nearly every major market, with one notable exception: Toronto, where starts fell well below historical norms and reached the lowest per-capita level among Canada’s seven largest census metropolitan areas (CMAs).