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23

RioCan CEO Plots 2017 Toronto Projects as Home Demand Spikes

By Tony Seruga

CEO Sonshine eyeing 50+ sites across Canada for redevelopment
Each project expected to cost at least C$150 million

The head of Canada’s largest real estate investment trust is adding more projects to his redevelopment pipeline amid unprecedented heat in Toronto’s housing market.

Ed Sonshine, the 70-year-old chief executive officer of RioCan REIT, is in the planning stages for several large sites this year that may push the company beyond an original goal of building 10,000 residential units in the next decade. The Toronto-based company has a portfolio of about 300 malls across the country, and is seeking to redevelop stores and add housing to at least 50 of them…

RioCan CEO Plots 2017 Toronto Projects as Home Demand Spikes

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