From last weekend:
IMG_5432.jpeg
IMG_5438.jpeg
IMG_5437.jpeg
IMG_5436.jpeg
IMG_5435.jpeg


IMG_5440.jpeg
 
This is owned 23.3% by Dream Impact (MPCT-UN.TO). Do we have any update on completion / handing keys over? Q2 or Q3?
 
This is owned 23.3% by Dream Impact (MPCT-UN.TO). Do we have any update on completion / handing keys over? Q2 or Q3?
What do you mean by this is owned 23.3% by Dream Impact (MPCT-UN.TO)? Like they bought 23% of the towns to rent out or what ?

Considering the last update photos, I wouldn't expect occupancy period to commence until at least late Q3 2024 if not Q4 2024... No way they get the towns done by end of Q2 which would be June 30.
 
What do you mean by this is owned 23.3% by Dream Impact (MPCT-UN.TO)? Like they bought 23% of the towns to rent out or what ?

Considering the last update photos, I wouldn't expect occupancy period to commence until at least late Q3 2024 if not Q4 2024... No way they get the towns done by end of Q2 which would be June 30.
Dream Impact MPCT-UN.TO owns 23% of the Brightwater Development Joint Venture. So they are the developer (or at very least an equity partner in the development).

You can see a list of what they own and what percentage on their Q3 report
 
Just a guess...

Brightwater received recent density approval from Townhomes to Tall Towers in this area adding almost 900 apartments. They may have had plans to start the next round of townhouses, but will be starting a new tower instead there (hopefully in 2025).
brightwater-development-mississauga-1-1024x430.jpg

 
On the Dream Impact (MPCT-UN.TO) Q3 Earnings Call, Mr. Cooper said its likely Brightwater will start more Townhouses next. Townhouses and SFH are still selling well and not oversupplied. Demand is still strong in the area though, especially with this being a waterfront community with its own public school.
 

Back
Top