Opportunity Landscape
Why Canadian Real Estate Construction and Development?
Stable economy. Sustained demand. Significant opportunity.
Our niche market has experienced strong demand for new developments, record residential sales, and growing housing prices – a significant opportunity for all types of capital participation.
Residential sales continue to break records in Ontario
+8.7%
increase in year-over-year Ontario residential sales 2020YTD†
Canadian housing prices continue to grow
+17.1%
increase in year-over-year national average residential price in Dec 2020†
Ontario’s population expected to keep growing

Ontario’s population expected to grow by as much as 31.5% by 2046‡
MarshallZehr focuses on the Ontario construction and development market, addressing the province’s need for new residential construction to meet the demand for housing.
Specifically, we specialize in transformative projects (ground-up and value-add) across multiple build types, focusing on generating risk-adjusted returns. MarshallZehr tailors and scales to match capital sources with opportunities that meet their mandate (including objectives, risk profiles, and tax implications).
Key Driving Factors:

Demand for housing remains as strong as ever
Low inventory and a strong appetite for affordable housing continues to increase prices.

Population growing faster than homes being built
Demand is driven by population changes and immigration, outpacing the building of new housing supply.

Transportation expansion is key priority
Ontario has extensive plans to continue developing and expanding regional transportation options.

ESG plays a significant role in the market
Environmental protection is a key force within the Ontario construction and development landscape.

COVID-19 having minimal impact on progress
Developments and sales efforts continue to successfully progress with the appropriate safety measures in place.
Over $63B invested in Ontario Construction and Development
The Canadian construction industry is the fifth-largest construction market in the world4, employing approximately 1.2 million people across Canada – approximately 7% of the national workforce5.
The construction and development market in Ontario has shown strong and sustained demand, especially in the residential sector where there continues to be high demand and low supply for housing. Over $63B CAD was invested in construction and development in Ontario between January and November 2020, with over $43B CAD of that invested in residential building construction6.
† – https://creastats.crea.ca/board/orea
‡ –https://www.fin.gov.on.ca/en/economy/demographics/projections/#:~:text=Ontario’s%20population%20is%20projected%20to,million%20by%20July%201%2C%202046
1 – https://www.cibcmellon.com/en/_locale-assets/pdf/our-thinking/ot2014-2016/ot201509-invest-canada.pdf
2 – https://www.international.gc.ca/trade-commerce/assets/pdfs/economist-economiste/analysis-analyse/key_facts-2020-12-faits_saillants-eng.pdf
3 – https://www.conferenceboard.ca/research/the-impact-of-toronto’s-financial-sector?AspxAutoDetectCookieSupport=1
4 – https://www.mgac.com/blog/wp-content/uploads/2018/11/2018-Toronto-Construction-Market-Snapshot-MGAC.pdf
5 – https://www.randstad.ca/job-seeker/career-resources/working-in-canada/trends-in-canadas-construction-industry/
6 – https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=3410017501