Fengate Asset Management has launched Fengate Communities to move its multiresidential properties under one unified brand.

“As our platform scaled, it became clear that our communities needed a shared identity – one that was focused on our commitment to community, quality housing and resident service,” Fengate Real Estate managing director of asset management John-Bosco Agbasi told RENX.

“What the brand does is it allows us to deliver a consistent, connected living experience for residents and also makes sure that we're reinforcing stability and confidence for investors and partners.”

Nothing will change in Fengate’s approach to multiresidential development nor the people involved with it, Agbasi said. The company manages one of the largest residential pipelines in Canada, with more than 25,000 units slated for delivery over the next 10 years.

2026 completions

A seven-storey, 261-unit purpose-built rental apartment at 500 Upper Wellington St. in Hamilton, Ont. will be the first property to begin leasing under the Fengate Communities brand. Occupancy is expected to begin later this spring and Agbasi said it’s already leasing “quite well.”

Amenities at 500 Upper Wellington will include: a resident lounge and dining room; a fitness centre; an outdoor terrace; a children’s play room; a pet wash and pet run; and a co-working room.

Over the coming months, Fengate will continue to roll out the brand across its existing communities along with resident events to celebrate its launch.

The 35-storey, 616-unit 75 James Condominiums in Hamilton has just been completed and is starting to welcome residents.

The 18-storey, 388-unit Paradigm Grand condo in Burlington, Ont., a partnership with Molinaro Group, should be completed late this year or in early 2027.

Five 2025 multi-residential starts

Through strategic investments with partners, including LiUNA Pension Fund of Central and Eastern Canada, Fengate has steadily expanded its residential platform.

“LiUNA is a foundational and long-standing partner of ours, so most of our residential developments are delivered alongside LiUNA,” Agbasi said. “We also have other pension fund clients that come alongside LiUNA and Fengate.” 

Fengate broke ground on five multiresidential developments in Ontario last year:

• a six-storey, 221-unit seniors housing facility, a partnership involving its Seasons Retirement Communities arm and The Hi-Rise Group, at 1105 McCraney St. E. in Oakville;
• the 29-storey, 417-unit The Forty-Eight rental community, a partnership with The Hi-Rise Group, at 48 Ferguson Ave. S. in Hamilton;
• the 37-storey, 448-unit The Dennis rental community at 8 Locust St. in Toronto;
• a 37-storey, 425-unit rental community at 1047 Richmond Rd. in Ottawa;
• and the 35-storey, 404-unit Church & Main rental community, a partnership with The Hi-Rise Group, in Brampton.

Three 2026 multi-residential starts

More groundbreakings will come this year for these Toronto multi-residential developments:

• a 44-storey, 509-unit purpose-built rental apartment at 4-10 Beamish Dr. near the Kipling public transit hub;
• the 58-storey, 528-unit Spadina Adelaide purpose-built rental apartment, a partnership with The Hi-Rise Group, that will be built on a three-property assembly at 46 Charlotte St., 16 Oxley St. and 353-355 Adelaide St. W.;
• and the 47-storey, 420-unit Natasha The Residences condo, a partnership with Lanterra Developments, at 263 Adelaide St. W.;

“While some developers have unfortunately had to pause or delay projects due to financing or market pressures or both, we've chosen to remain active,” Agbasi said. “We want to support construction jobs and we want to add much-needed housing supply.”

Fengate Communities will continue to develop both purpose-built rental apartments and condos despite the bottoming out of condo sales.

“Purpose-built rental remains a major focus due to the strong demand, limited supply and excellent long-term fundamentals,” Agbasi said, “but in our view, condos have a role to play at different parts of the cycle.”

While suite sales have slowed at Natasha The Residences, Agbasi said they’re still progressing and he’s optimistic the condo market will have bounced back by the time the project is completed in four to five years.