Updates from across our portfolio. Check this page regularly to stay up to date on what's happening at Stormont.
WE SIMPLY DON'T HAVE ENOUGH MONEY TO SOLVE CANADA'S HOUSING CRISIS
November 28, 2023
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.
STORMONT ADVISES ON BRAND NEW INDIGENOUS HUB WITH ANISHNAWBE HEALTH TORONTO
September 29, 2023
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.
STORMONT ADVISES REVERA ON THE SALE OF ASSETS AND WIND DOWN OF ITS CANADIAN LTC OPERATIONS
August 1, 2023
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.