/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Real Estate News

Peter Munk is dropping dollars in the Toronto condo market

By Andrew Wallace
Copy link

Jet-setting philanthropist Peter Munk, the 85-year-old founder of Toronto-based Barrick Gold Corp., is taking a rogue approach to real estate: he’s dumping big money into condo developments at a time when Toronto’s already overflowing with high rises and other developers are backing away. Munk is using his personal wealth to help finance CD Capital, headed by Todd Cowan and Jordan Dermer, who were previously execs at another real estate company backed by Munk. The developers’ projects include, among others, the 300-unit Sixty Colborne project near St. Lawrence Market and 155 Redpath at Yonge and Eglinton, an area Dermer argues is ripe for development. Munk, meanwhile, says the city’s starry future is reason enough to invest. Hard to argue with a billion-dollar man. [Globe and Mail]

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

The Latest

"He's the only adult in the room": How Toronto–St. Paul's voters feel about Mark Carney's red wave
City News

“He’s the only adult in the room”: How Toronto–St. Paul’s voters feel about Mark Carney’s red wave

Inside the Latest Issue

The May issue of Toronto Life features the artists, professors, scientists and other luminaries moving north to avoid the carnage of Trump. Plus, our obsessive coverage of everything that matters now in the city.