In a show of strength for Canada’s private sector financing, Glengarry Farm Finance, an alternative lender to the ag industry owned by merchant bank Stormont Partners, has struck a key partnership.

Stormont advises INDIGO Group on the successful formation of a joint-venture partnership with Ardian to create Clermont, a new venture to accelerate growth in Canada's parking market. Initially seeded by Indigo’s Canadian-owned properties, the newly formed entity will invest in the acceleration, digitization and sustainability of the parking and mobility sectors through the acquisition of new parking assets, leases and concessions in urban centres across Canada.

Taking a realistic look at Canada's housing crisis and the 3.5 million more units needed to restore affordability, Greg Kalil, founder and managing partner of Stormont Partners, joins BNN Bloomberg and says it is obvious we won’t hit our housing targets by 2030, and simply not having enough money is one of the many reasons holding us back.

Greg Kalil joins 630 CHED radio in Edmonton and QR radio in Calgary with Shaye Ganam regarding Canada's housing crisis.

It is now widely understood that Canada’s housing market is critically undersupplied. A 2022 study by Canada Mortgage and Housing Corp. reported that the country will need to produce 3.5 million more housing units than are currently in the delivery pipeline by 2030, to restore housing affordability. Yet it is obvious that we will not be able to correct this situation by 2030, and probably not even by 2040.

An article by Greg Kalil on the housing crisis in Canada was published in the Globe and Mail. The full piece, as written by Greg, is shared below.

Stormont advises Anishnawbe Health Toronto on this complex joint venture with Dream Kilmer. As part of its commitment to volunteerism and philanthropy, Stormont is waiving all advisory fees. We are proud to play a role in helping this landmark indigenous project succeed.

The strategy aims to target Build to Rent projects across major UK cities and London commuter belt markets, with an initial goal of acquiring approximately £600m worth of assets.

Extendicare Inc. announced that it has completed the previously announced transactions with Revera Inc. and its affiliates in respect of the ownership, operation and redevelopment of long-term care homes in Ontario and Manitoba.

Glengarry Farm Finance (managed by Stormont Partners Advisory Inc.) is pleased to announce that BMO has acted as exclusive Agent to Glengarry Farm Finance for the purpose of launching its Syndicated credit facility supporting the ongoing growth of its portfolio of Agricultural mortgages.

Starlight's entry into the United Kingdom BTR market represents a meaningful first step in the company's broader European residential strategy.

PortsToronto today announced that Cinespace Studios has entered into a 30-year lease for Marine Terminal 52 to develop a studio facility that will support Toronto’s successful and growing media production business.

Grosvenor has acquired the 14-acre former Oakridge Transit Centre in Vancouver, where it will become the lead developer of a major mixed-use project designed to deliver 17 buildings and 1,630 new residential units.

Blackstone Real Estate Group has entered the Canadian seniors housing market, creating a joint venture with Selection Group to acquire a portfolio of 13 seniors’ housing residences in Quebec containing 3,548 independent-living units.

Leading care providers Care UK and Signature Senior Lifestyle have announced that they will be taking over the leadership and management of all of Sunrise Senior Living UK and Gracewell Healthcare’s homes in the UK.