RioCan is the biggest and most trusted Real Estate Investment Trust in Canada since 1993. It owns and manages a portfolio of shopping centres and large supermarkets. Their focus is mainly on retail properties with ownership interests in a collection of 338 properties throughout Ontario and Alberta, as well as acquisitions in the northwest United States and Texas. This includes various plots currently under development, all which will provide convenience and services to communities and neighbourhoods.
But in recent years, the founder and CEO, Edward Sonshine, who was once a former real estate lawyer, is now dabbling into Toronto’s unprecedented booming residential condominium market, by building numerous mixed-use developments. Their successes are assembled upon a base of jointly treasured relationships with its tenants, the communities, and with their retail consumers. They create spaces where all can prosper. They are more than developers and executives; they are community stewards, pledging for shaping the future. The company firmly believes that there is a home for every tenant, whether residential or retail.
All their properties are being constructed to meet the altering needs of the market. With the community in mind, their main focus is to offer environmentally-friendly properties in accessible areas with a well-balanced variety of tenants to create a real community and a valuable experience for all.
Edward Sonshine forecasts and predicts an increased demand for rental properties that will be needed in years to come, since buyers are being priced out of Toronto’s housing market. The company is building 10,000 new residential units in the next coming decade. They have partnered with several different condo developers throughout the GTA, in order to accommodate the growing appeal. Their motto is Real Vision, Solid Ground!
Rest assured, when purchasing or investing in the RioCan brand, you will without a doubt, realize it’ll be one the most advantageous moves you’ll ever make. They provide units with the highest standards of quality material and features that satisfies any discerning taste. You will be happy and content, since there’s nothing like the pride and satisfaction when you own your own home.
All previous projects were all in the commercial/retail division. Albeit the company, did partner up with Tribute Communities to develop the project listed below.
Yonge Eglinton Centre
Is a mixed-use office complex with shopping and dining options. It comprises two office towers above a three storey mall that includes over 75 shops. Completed in 2015.
Queen & Portland Loft & Condominium Residences
Is a partnership development with Tribute Communities. It’s a chic boutique mid-rise condominium with 9 storeys at the heart of the Queen West neighbourhood, located at 589 Queen Street West in Toronto. A magnificently modern vision of steel and glass and a unique community that celebrates life. Completed in 2011.
All New Condo Developments By RioCan
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