
Real Estate
- Overview
- Who To Contact
- Representative Matters
- Recent Developments
Overview
With one of the largest real estate practice groups in the GTA, Aird & Berlis has the breadth and depth of experience to handle any real estate deal.
Our Real Estate Group assists clients with the purchase, sale and development of real property, leasing transactions and all types of real estate financing. We have extensive experience representing clients involved in the development, construction and management of office buildings, hotels, residential and commercial condominiums, residential rental projects, retirement homes and shopping centres. Our experience extends to infrastructure planning, financing and procurement.
We have acted on behalf of both public entities and private developers in structuring and implementing transactions involving public-private partnerships (P3) for infrastructure and we understand the policy, political and institutional issues involved.
Serving our real estate clients requires a multidisciplinary approach. Our real estate lawyers draw on the expertise of other firm professionals to give our clients the range of advice needed to successfully complete their real estate joint ventures and syndications, financings, reorganizations, financial workouts and environmental assessments.
Our Real Estate Group is a recognized leader in Canada. Developers of commercial, institutional, residential and industrial real estate, Canadian and international real property investors and providers of financing, construction services and property management have all benefited from our counsel.
We specialize in a number of areas of real estate law, including:
Development
Our group has had extensive experience in land development, from rural land to urban redevelopment and intensification. With the extensive involvement of our Municipal & Land Use Planning Group, we work with our clients in developing residential subdivisions, commercial developments and redevelopments, industrial subdivisions and condominium developments, both in an urban and a suburban context. We understand the development and planning approvals processes and we can help our clients navigate through it.
Construction
Our group acts for contractors, architects, land developers and builders, which allows us to see construction from all sides. We have extensive experience in CCDC and RAIC contracts. We are also involved in construction lien litigation. We ensure that construction issues as they arise are handled quickly and effectively.
Acquisitions
We have been involved in acquisitions from coast to coast, of all asset classes, including office, retail, industrial, multifamily, raw land, institutional, government and specialty assets such as hotels, refineries and manufacturing plants. We have done single assets and large portfolios. In each case, we bring a sophisticated and in-depth understanding of conveyancing and real estate due diligence matters, and can assure our clients that the property title as acquired meets their objectives and expectations.
Financings
We act for many major lenders and borrowers throughout Canada. We have been involved in everything from simple first mortgage financings to sophisticated mezzanine deals, bonds and commercial backed mortgage security issues. Our lawyers have extensive experience in mortgage enforcement and restructuring, and remedies such as power of sale, foreclosure and actions on the covenant. We are able to offer our clients the strategic advice necessary to ensure a smooth financing transaction.
Dispositions
We have assisted clients in the disposition of real estate assets by various means, including sale through a broker and by auction. In each case, we take care that the disposition is handled expeditiously, with the client’s objectives in mind, while attempting to eliminate any residual risk or liability. We are focused on getting our clients the disposition proceeds as quickly and as cleanly as possible.
Who We Help
Our clients include all participants in the real estate sector, from contractors to architects, land developers, builders and public sector entities.
Contacts
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BioFull bio
A distinguished legal expert in commercial leasing, Monty is dedicated to fostering dynamic partnerships with his clients.
Group Members
Representative Matters
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Allied Properties REIT Completes Sale of Urban Datacentre Portfolio for $1.35 Billion
On August 16, 2023, Allied Properties Real Estate Investment Trust, a leading operator of distinctive urban workspace in Canada’s major cities, announced that it has completed the sale of its network-... -
Delta Consulting Group Acquires Froese Forensic Partners
This strategic move marks a significant milestone for Delta as it expands its service offerings and establishes a strong presence in the Canadian market. -
NYX Capital Corp. Acquires 22-Acre Development Site in Mississauga
NYX Capital Corp. completed the acquisition of a 22-acre development site near Toronto Pearson International Airport from Truscan Property Corporation, for a purchase price of $40.7 million. -
Linamar Corporation Acquires Lands for Giga Casting Facility in Welland, Ontario
On May 18, 2023, Linamar Corporation completed its acquisition of lands in Welland, Ontario, which will be used to develop a new, state-of-the-art Giga casting facility. -
Aird & Berlis Acts for the Ontario Ministry of Economic Development in its Winning Bid for Volkswagen Gigafactory
The Ontario Ministry of Economic Development, Job Creation and Trade successfully bid for Volkswagen’s first overseas gigafactory, which will be built in St. Thomas. -
Crestpoint, Vestcor and InterRent acquire Brampton Apartment Complex for $185.5M
Aird & Berlis successfully represented Crestpoint Real Estate Investments Ltd., Vestcor Inc. and InterRent REIT in the acquisition of a two-tower, 605-apartment property at 2–4 Hanover Road in Brampto... -
Zoeller Company Acquires the Burke Group
Aird & Berlis successfully represented Zoeller Company in the acquisition of all the issued and outstanding shares of the Burke Group. -
Choice Properties and Loblaw to develop 1.2 million square foot GTA distribution centre
Choice Properties Real Estate Investment Trust ("Choice Properties") exercised its equity conversion right from Rice Group to acquire a 75% ownership interest in 154 developable acres of industrial la... -
KIN Capital’s New Equity Arm Makes Debut Investment
KIN Capital Partners Inc.’s (“KIN”) new equity platform with Israeli-based Mivtach Shamir Holdings Ltd. (“MISH”) made its debut investment in an 11.6 acre site at 3300 Rutherford Road in Vaughan. The ... -
Allied Properties REIT Acquires Urban Office Portfolio for $794 Million
On March 31, 2022, Allied Properties Real Estate Investment Trust, a leading operator of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto, completed...
Recent Developments
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Article
Underused Housing Tax Filing Deadline Extended to October 31, 2023
The Canada Revenue Agency recently announced that no penalties or interest will apply if Underused Housing Tax returns are filed and payments are made by October 31, 2023. -
Firm News
91 Aird & Berlis Lawyers Recognized in The Best Lawyers in Canada 2024
Aird & Berlis is proud to announce that 91 members of the firm were selected by their peers for inclusion in the 2024 edition of The Best Lawyers in Canada. The firm is recognized across 44 practice ... -
Article
Where Do We Stand on Force Majeure in Commercial Leases?
The COVID-19 pandemic presented many challenges in the commercial leasing world – the effects of which are still being felt today. One example of this is the interplay between government-mandated clos... -
Article
Arbitration Clauses in Construction Agreements: Mandatory or Permissive?
Arbitration clauses should be reviewed and negotiated by both parties prior to entering a construction contract, as such clauses will impact how disputes arising between the parties may be resolved. -
Article
Analyzing Bill 97, the Helping Homebuyers, Protecting Tenants Act, 2023
Bill 97 carried through the Ontario legislature for first reading on April 6, 2023. Bill 97 is the latest of a series of legislative amendments intended to facilitate Ontario’s Housing Supply Action P... -
Article
Amendments to Regulation Banning Canadian Foreign Home Buyers Released
On March 27, 2023, the Minister of Housing and Diversity and Inclusion introduced amendments to the regulation enabled under the federal Prohibition on the Purchase of Residential Property by Non-Cana... -
Firm News
Aird & Berlis Recognized in 2023 Canadian Legal Lexpert Directory
The Canadian Legal Lexpert Directory has recognized 51 partners at the firm as leading lawyers across 33 different practice areas. Aird & Berlis was also recognized at the firm level across 15 differe... -
Article
Underused Housing Tax Reporting Requirements for Bare Trusts and Nominee Corporations
Bare trust or nominee corporations holding residential property in Canada on December 31 are required to file an Underused Housing Tax Return by April 30 of the following calendar year. The inaugural ... -
Firm News
Aird & Berlis Welcomes Nine New Partners
Aird & Berlis is pleased to announce that Meaghan Barrett, Jacob Brown, Holly Cunliffe, Alex Kagan, Amy Marcen-Gaudaur, Dasha Peregoudova, Stefan Radovanovich, Russell Sanders and Leah Silber have bec... -
Article
British Columbia Introduces Statutory Cooling-Off Period for Residential Property Contracts
In an effort to both curb a hot residential market and protect purchasers, British Columbia has implemented a three-day cooling-off period for buyers who have signed contracts of purchase and sale for... -
Article
New Year, New Details: Canadian Regulations Banning Foreign Home Buyers Released
On December 21, 2022, the Canadian federal government released the Prohibition on the Purchase of Residential Property by Non-Canadians Regulations made pursuant to Section 8 of the recently enacted P... -
Article
Toronto Vacant Home Tax Occupancy Declarations Due Before February 2, 2023
All residential property owners in Toronto are required to declare the occupancy status of their property or properties, even if the property is occupied. The City of Toronto has sent yellow notices b... -
Article
More Homes Built Faster Act, 2022 Receives Royal Assent: A Quick Guide to What’s in Force
This article summarizes the key amendments that were passed by the legislature, with a focus on the amendments that will impact development stakeholders in the Greater Toronto and Hamilton Area the mo... -
Firm News
Aird & Berlis Named One of Canada’s Best Law Firms 2023 by The Globe and Mail
Aird & Berlis is pleased to announce its inclusion in The Globe and Mail’s Canada’s Best Law Firms 2023 list. For a second year, The Globe and Mail's Report on Business magazine partnered with Statist... -
Article
Canada’s Prohibition on Foreign Home Buyers Knocking on the Door
Canada’s Parliament recently passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which has prohibited the purchasing of residential real estate by non-residents, direc... -
Article
More Homes Built Faster Act, 2022 Proposes Significant Changes to Legislation
Bill 23 will be subject to committee review and further readings by the legislature and may be amended through that process. However, many of these proposed legislative changes are highly consequentia...