Market Analysis

Project Description

NBLC was retained by The Daniels Corporation and Sun Life Assurance Company of Canada to analyse the housing market characteristics in Mississauga to assess the market feasibility of developing a new purpose-built rental apartment building on the southwest corner of Erin Mills Parkway and Eglinton Avenue West. As part of the analysis, NBLC reviewed the local area demographics and conducted a survey of traditional rental and private condominium apartment rental product to provide an opinion on the viability of developing new purpose-built rental units at this location, as well as overall project positioning, appropriate suite mix, achievable pricing and estimated pace of lease-up. Following our study, The Daniels Corporation and Sun Life Assurance Company of Canada commenced construction of a 25-storey, 324 unit purpose-built rental apartment project on the subject site called Skyrise, which commenced occupancy in March 2016.

Visit skyriserentals.ca for more information.