Unlocking Housing Supply Through Purpose-Built Rentals and Strategic Conversions

Date: September 17, 2025

As covered recently in the National Post (Print Edition) by Erik Heinrich, the Greater Toronto and Hamilton Area are seeing more cancelled condo projects reimagined as rental housing. This trend reflects both the challenges and opportunities shaping Canada’s housing market.

Our conviction is clear at Hazelview Investments: multi-residential housing is central to solving Canada’s housing shortage. With more than 22,000 units under management and a $12.5B pipeline of purpose-built rental communities across the country, we are committed to creating sustainable, professionally managed homes that support long-term resident wellbeing.

Conversions, when the circumstances align, can complement this strategy by accelerating the delivery of rental supply. One example is our Bloor & Dufferin community, a multi-building development that will bring more than 2,000 apartments—including affordable and family-sized homes—into the market.

Whether through new construction or select adaptive reuse, our focus remains on delivering high-quality rental housing that strengthens communities.