LATEST NEWS
Updates from across our portfolio. Check this page regularly to stay up to date on what's happening at Stormont.
STORMONT ACTS AS EXCLUSIVE FINANCIAL ADVISOR TO INDIGO GROUP ON FIRST-OF-ITS-KIND TRANSACTION IN PARKING SEGMENT
March 25, 2024
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.
THERE IS JUST NOT ENOUGH MONEY TO SOLVE CANADA'S HOUSING CRISIS
December 1, 2023
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.
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.
