LiUNA and Fengate
housing impact report Canada’s Housing Market Needs Urgent Action – And We’re Building Solutions The Canadian housing market is at a breaking point. New construction has stalled, and development charges are skyrocketing. Projects across Canada are delayed or cancelled because of escalating financing costs and bureaucratic red tape. For many families, what was once a realistic dream, owning a home or renting securely, is now slipping further away. At LiUNA and Fengate, we’re not waiting for the market to correct itself. We’re acting now.
Residential market overview CONSTRUCTION STARTS IN 2025
448 homes
417 homes
The Dennis
Toronto, ON Rental community
The Forty-Eight Hamilton, ON Rental community
September 3
221 homes
October 29
One of the first projects to break ground under the City of Toronto's Purpose Built Rental Incentives Stream
1105 McCraney Oakville, ON Seniors Housing
November 5
404 homes Church & Main
Canada needs 480,000 homes per year until 2035, totalling 4.8 million new homes over the next decade (CMHC).
Brampton, ON Rental community
November 12
425 homes 1047 Richmond
5 Residential
Ottawa, ON Rental community
communities
Fall 2025
&
1,915 Total homes
ONTARIO RESIDENTIAL DEVELOPMENT SNAPSHOT
34%
Overall residential construction starts down in Ontario (Missing Middle Initiative)
RESIDENTIAL PIPELINE: COMMUNITIES DELIVERING IN 12 - 16 MONTHS
260 homes
616 homes
388
500 Upper Wellington
75 James
Paradigm Grand
Hamilton, ON Q1 2026
homes
Hamilton, ON Q1 2026
Burlington, ON Q4 2026*
*To be confirmed - subject to construction scheduling
WHERE WE ARE DELIVERING HOUSING
Most of Canada’s housing supply gaps are in Ontario and British Columbia, Quebec and Alberta (CMHC). Our housing pipeline is focused on Ontario where the the need for housing is most urgent. Our portfolio also includes seniors’ communities in Alberta and BC.
Groundbreaking of Church & Main (Brampton)
LiUNA and Fengate are committed to expanding our platform, delivering needed homes to Canadians across the country.
Groundbreaking of The Dennis (Toronto)
Committed Capital
OCCUPANCY, LEASING AND SALES
75% Leased
Stabilized (under 12 months)
The Manett
Brampton, Ontario
Hamilton Rental Market Snapshot:
Committed Capital
The King William Hamilton, Ontario
Occupancy: 80.9% Absorption: 468 units (Q3) Our Hamilton assets are driving strong leasing activity with hundreds of new deals, outperforming market trends.
94% Occupied
Sold out
840 St. Clair
Toronto, Ontario
20 Rebecca
Hamilton, Ontario
Responsible Investment
Current predictions suggest the current state of the housing market could result in over 100,000 lost jobs.
Behind every development are jobs that sustain families and communities. Our projects create opportunities for unionized tradespeople, apprentices, and skilled professionals in architecture, engineering, and design. All data reflects the five 2025 residential developments listed in the previous section of this report
3.6M
According to BuildForce Canada, the industry could face a recruiting gap of more than 85,000 skilled workers by 2033.
1
Total projected union labour hours generated
+7,000 jobs
2
Total projected job creation
Leed Silver certification targets for all residential projects in development
1.9B2
Public Art
Total projected economic impact
Strategies used to enrich development sites and engage communities
Public art hoarding project at 1105 McCraney 1
Direct union jobs: estimated based on other recently completed residential projects in Ontario in Master Development Fund (MDF), based on hard cost and soft cost.
Job creation & economic impact: estimated economic impact is based on other recently completely project’s economic impact as a ratio to hard and soft cost. Economic impact and fiscal contributions associated with the MDF recently completed project were provided by Pinnacle Economics and were quantified using the IMPLAN model. 2
2026 Development outlook
509 homes
551 homes
420
4-10 Beamish Drive
The Benjamin
Natasha The Residences
Toronto, ON
Toronto, ON
homes
Toronto, ON
Our broader pipeline includes 25,000 new rental units planned for delivery over the next decade. Together, LiUNA and Fengate are committed to delivering a broad range of housing solutions that meet the real needs of Canadians. Our developments span the entire “Living” spectrum, purpose-built rentals, condominiums, Seasons Retirement Communities, and dedicated student housing. We are only a part of the solution. Canada’s housing crisis demands urgency. LiUNA and Fengate are committed to continuing to work with all levels of government to find solutions. As developers and investors, we are uniquely positioned to be part of the solution, where public policy meets private investment, and where impact and opportunity align. We are ready to keep building.
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