CBC.ca: Skyline Says Canada Must Continue Building

As featured on CBC.ca:

As some housing developers hold back on new construction projects, one of Canada’s largest real estate companies says it intends to keep building — and it’s important the country continues to do so.

Different parts of Canada have seen record levels of housing construction in recent years. But the Canada Mortgage and Housing Corporation projects housing starts will decline over the next few years as builders continue to respond to unsold inventories and high construction costs.

Despite recent federal cuts to immigration, the co-founder and CEO of Skyline Group of Companies expects demand to rebound.

“We have to have immigration in Canada,” Jason Castellan said in an interview.

“We’re not growing organically enough. So when that immigration policy comes back online, the demand is going to continue to go up and the pressure on housing is going to be there.”

According to Castellan, the development of large-scale apartment buildings can take three to four years to complete.

You can’t flip a switch overnight with this business, he said.

Read full article on CBC.ca: As housing starts expected to slow, major developer says Canada must continue building

About Skyline

Skyline is a capital management company that acquires, develops, and manages real estate properties and renewable infrastructure assets, and offers them as private alternative investment products.

Skyline currently manages more than $10 billion* in assets across its real estate and renewable infrastructure platforms.

With approximately 1,000 employees across Canada, Skyline works to provide safe, clean, and comfortable places for tenants to call home, great places to do business, sustainable solutions for a greener future, and an engaging experience for its investors.

For more information about Skyline, please visit SkylineGroupOfCompanies.ca.

*Includes all Skyline entities under common management and control. As at March 31, 2026.

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