Tracked deals
25
25 tracked deals across 2021-2026.
Who's Buying Real Estate Companies in Canada
Buyer mix
Strategic-led
25 strategic · 5 pe
Top trend
Volume peaked in 2026
9 tracked deals announced in 2026.
Primary Insight
What Stands Out
- GO REIT + consortium investors (including Blackstone Real Estate Advisors L.P.) are pursuing large-scale REIT portfolio transfers in Ontario.
- Multiple deals follow privatization paths for public REITs, using cash and unit-based structures (often via plans of arrangement).
- Shopping-centre, residential/multifamily, and self-storage assets are prominent subsectors alongside brokerage and proptech consolidation.
- Buyer repeaters include Choice Properties REIT, KingSett Capital, and Crestpoint Real Estate Investments across several Ontario-focused transactions.
| Recurring buyer(s) | Deal focus seen in page facts | Where mentioned |
|---|---|---|
| Choice Properties REIT; KingSett Capital | Acquire REIT portfolios / necessity-based shopping centres | Ontario |
| Blackstone Real Estate Advisors L.P.; GO REIT | Consortium acquisition of a residential REIT | Ontario |
| RealServus | Expand brokerage platform and access to technology | Ontario (operating footprint) |
| QuadReal Property Group | Acquire self-storage properties and units | Ontario |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Choice Properties REIT | 2 | Canadian real estate investment trust that owns, operates... | Strategic |
| KingSett Capital | 2 | Private equity real estate investment firm making custom ... | PE |
| Public Storage | 2 | Publicly traded REIT that acquires, develops, owns, and o... | Strategic |
| RealServus | 2 | Canadian proptech investment and management services firm... | Strategic (PE-backed) |
| 1001700058 Ontario Inc. | 1 | Purchaser vehicle acting on behalf of the consortium of c... | Mixed |
| Anthem Properties | 1 | Real estate development, investment and management compan... | Strategic |
| ApartmentLove Inc. | 1 | Public PropTech company providing online rental marketing... | Strategic |
| Blackstone Real Estate Advisors L.P. | 1 | Global real estate investor and manager with diversified ... | PE |
| Blackstone Real Estate Income Trust, Inc. | 1 | Real estate investment trust entity affiliated with Black... | Mixed |
| Blackstone Real Estate Partners X | 1 | Real estate investment vehicle affiliated with Blackstone. | Mixed |
Acquisition Volume in Real Estate in Canada by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 1, 2026
- Buyer
- Public Storage
- Target
- Public Storage Canada (PS Canada)
- Seller
- Tamara Hughes Gustavson and family
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Public Storage completed its acquisition of Public Storage Canada (PS Canada) for approximately US$1.2 billion, gaining direct ownership of 68 self-storage properties totaling 5.3 million square feet across Toronto, Vancouver, Montreal, Calgary, and Ottawa. Closing consideration included approximately US$900 million in Public Storage operating partnership units and US$310 million in cash, with additional earn-out units possible subject to NOI targets.
-
August 21, 2026
- Buyer
- GO Residential Real Estate Investment Trust (GO REIT), Blackstone Real Estate Advisors L.P., Crestpoint Real Estate Investments Ltd., Public Sector Pension Investment Board (PSP Investments), 1001700058 Ontario Inc., company controlled by members of the family of Tom Hofstedter (CRAL)
- Target
- H&R Real Estate Investment Trust (H&R)
- Seller
- H&R Real Estate Investment Trust (H&R) unitholders
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
GO Residential Real Estate Investment Trust (GO REIT) has entered into an arrangement agreement to acquire H&R Real Estate Investment Trust (H&R) in a cash-and-unit transaction valued at approximately C$6.7 billion, including assumed debt. The deal is structured as a consortium asset purchase: GO REIT will acquire most of H&R’s residential portfolio, while Blackstone, Crestpoint, PSP Investments, and CRAL (a family-controlled entity tied to Tom Hofstedter) will acquire other non-residential/non-core assets. The transaction is expected to close in Q4 2026, subject to unitholder, court, and regulatory approvals.
-
- Buyer
- CLV Group Inc., GIC Private Limited, Carriage Hill Properties Acquisition Corp.
- Target
- InterRent Real Estate Investment Trust
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
CLV Group Inc. and GIC Private Limited completed the all-cash privatization of InterRent Real Estate Investment Trust via Carriage Hill Properties Acquisition Corp. under a statutory plan of arrangement. InterRent unitholders received C$13.55 per unit, and InterRent is expected to be delisted from the Toronto Stock Exchange in early/mid-July 2026.
-
June 22, 2026
- Buyer
- Public Storage
- Target
- Public Storage Canada (PS Canada)
- Seller
- Tamara Hughes Gustavson and family
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Public Storage agreed to acquire Public Storage Canada (PS Canada), a 68-property self-storage platform with 5.3 million square feet across major Canadian markets, for approximately US$1.2 billion. The deal was negotiated with Tamara Hughes Gustavson and her family under existing right-of-first-offer and right-of-first-refusal rights; it was expected to close in the second half of 2026, subject to customary conditions.
-
June 1, 2026
- Buyer
- QuadReal Property Group
- Target
- Self Stor Storage (Ontario self-storage properties operating under the Self Stor banner)
- Seller
- Cowie Capital Partners Inc.
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Addon
QuadReal Property Group, the real estate arm of BCI, acquired five Ontario self-storage properties operating under the Self Stor banner, previously owned by Toronto-based Cowie Capital Partners. The transactions total just over CAD 182 million and add 5,125 storage units, bringing QuadReal’s Canadian portfolio past 22,000 units and more than 2 million square feet of net rentable area.
-
April 16, 2026
- Buyer
- KingSett Capital, Choice Properties REIT, KingSett Real Estate Growth LP No. 8, George Weston Limited
- Target
- First Capital REIT
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
KingSett Capital (via KingSett Real Estate Growth LP No. 8 and other investors) and Choice Properties REIT have entered into an arrangement agreement to acquire First Capital REIT in a unit-and-cash transaction valued at approximately C$9.4 billion (including assumed debt). Upon closing, Choice Properties will acquire about C$5.0 billion of grocery-anchored, necessity-based neighborhood shopping centre assets, while KingSett will acquire about C$4.4 billion of the remaining First Capital assets and all issued and outstanding First Capital units.
-
- Buyer
- Choice Properties REIT, KingSett Capital, George Weston Limited
- Target
- First Capital REIT (FPI First Capital)
- Seller
- First Capital REIT (FPI First Capital) holders (implied)
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Choice Properties (TSX: CHP.UN), majority-owned by George Weston Limited, has agreed to acquire First Capital REIT in a combined stock-and-cash transaction valued at about $9.4 billion, including the assumption of certain debts. George Weston Limited has committed to invest $600 million in Choice Properties as part of the transaction, with the financing for the acquisition expected to include about $1.7 billion of new equity issued by Choice Properties plus debt.
-
- Buyer
- Clarke Inc.
- Target
- Ravelin Properties REIT
- Industry
- Real Estate
- Location
- Nova Scotia, Canada
- Type
- Buyout
Clarke Inc. agreed to acquire all outstanding units and convertible debentures of Ravelin Properties REIT in an all-stock transaction valued at $1.1 billion (including assumed debt). The deal was completed via a court-approved plan of arrangement, with Clarke issuing 2,500,000 shares and delisting the REIT shortly after closing.
-
March 6, 2026
- Buyer
- Crestpoint Real Estate Investments Limited Partnership (affiliate of Crestpoint Real Estate Investments Ltd.), Minto Group (via partnership rollover and continued ownership through the Partnership)
- Target
- Minto Apartment Real Estate Investment Trust
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Minto Group and Crestpoint completed a $2.3 billion take-private transaction of Minto Apartment Real Estate Investment Trust (Minto Apartment REIT). Crestpoint acquired all issued and outstanding trust units for $18.00 per unit in cash, excluding units held by Minto and certain senior officers.
-
November 19, 2025
- Buyer
- Morgan Properties
- Target
- Dream Residential Real Estate Investment Trust
- Seller
- Unitholders of Dream Residential REIT (including Class B unitholders), DRR Holdings LLC (Class B unitholders)
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Morgan Properties completed the all-cash acquisition of Dream Residential Real Estate Investment Trust for approximately US$354 million, privatizing the publicly traded Canadian REIT. The deal adds 15 multifamily communities (about 3,300 units) across Texas, Ohio, Kentucky and Oklahoma; unitholders received US$10.80 per unit and Morgan plans roughly $58 million in reinvestments across the portfolio.
-
September 29, 2025
- Buyer
- StorageVault Canada Inc.
- Target
- 4 self-storage facilities (unnamed)
- Seller
- Four vendor groups (unnamed)
- Industry
- Real Estate
- Location
- Canada
- Type
- Buyout
StorageVault Canada Inc. completed the acquisition of four additional self-storage facilities from four vendor groups for an aggregate purchase price of $60.8 million, funded with cash on hand and mortgage financing. One previously announced $2.6 million acquisition was not completed and was replaced by a $9.0 million asset, bringing StorageVault's year-to-date completed transactions to $132.6 million.
-
June 5, 2025
- Buyer
- RealServus
- Target
- StreetCity Realty
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Addon
Canadian proptech and brokerage platform RealServus, backed by Round13 Capital, has acquired StreetCity Realty, a 170-agent independent brokerage operating across Ontario. The deal expands RealServus' national brokerage platform and brings StreetCity access to RealServus technology, infrastructure and scale while allowing the brokerage to continue serving local Ontario communities under the RealServus network.
-
May 29, 2025
- Buyer
- Clifton Blake
- Target
- Metropolitan Commercial Realty Inc. (rebranded as CB Metropolitan Commercial Ltd.)
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Clifton Blake has merged with Metropolitan Commercial Realty Inc., rebranding the brokerage as CB Metropolitan Commercial Ltd. and integrating an active broker network of more than 250 professionals. The transaction brings commercial brokerage, leasing and local market intelligence into Clifton Blake’s integrated real estate platform to expand deal sourcing, underwriting speed, and end-to-end asset management capabilities.
-
April 19, 2025
- Buyer
- Colliers
- Target
- Triovest
- Seller
- Coril Holdings
- Industry
- Real Estate
- Location
- Canada
- Type
- Buyout
Colliers announced it has entered into a definitive agreement to acquire Triovest, a Canadian commercial real estate services platform, from Coril Holdings. After closing, Triovest will rebrand as Colliers and merge its operations to expand Colliers’ asset and development management capabilities across Canada.
-
April 15, 2025
- Buyer
- NexPoint Diversified Real Estate Trust (NXDT)
- Target
- NexPoint Hospitality Trust (NHT)
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
NexPoint Hospitality Trust (NHT) and NexPoint Diversified Real Estate Trust (NXDT) announced a definitive going-private transaction in which NHT will be dissolved and its subsidiary entities merged into entities owned or controlled by NXDT. The deal was set to close in the first quarter of 2025 and later disclosed an expected closing date of April 17, 2025, with NHT units delisted following closing.
-
- Buyer
- Blackstone Real Estate Partners X, Blackstone Real Estate Income Trust, Inc.
- Target
- Tricon Residential Inc.
- Seller
- Tricon Residential Inc. shareholders (selling common shares in the arrangement)
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Tricon Residential Inc. said the Ontario Superior Court of Justice granted final approval for its previously announced statutory plan of arrangement to be taken private by Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust, Inc. for US$11.25 per common share in cash. The transaction is expected to close in the second quarter of this year, subject to customary closing conditions including Investment Canada Act regulatory approval.
-
January 18, 2024
- Buyer
- Anthem Properties
- Target
- Cedarglen Homes
- Industry
- Real Estate
- Location
- Alberta, Canada
- Type
- Buyout
Anthem Properties has acquired Calgary-based homebuilder Cedarglen Homes. The deal expands Anthem's residential development and construction capabilities, adding a builder that delivers 300+ single-family homes annually in the Calgary market.
-
December 16, 2022
- Buyer
- ApartmentLove Inc.
- Target
- GottaRent.com
- Seller
- Metroland Media Group Ltd.
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
ApartmentLove Inc. completed an all-cash acquisition of GottaRent.com and four related domains from Metroland Media Group Ltd. for C$940,000, a purchase price equal to approximately 4x EBITDA. The deal adds established Canadian SEO rankings, an active customer list and recurring revenue to ApartmentLove’s portfolio; the balance of the purchase price plus ~C$54,000 working capital was funded from the company’s debenture financing.
-
November 3, 2022
- Buyer
- The Real Brokerage Inc.
- Target
- Redline Real Estate Group (BC) Inc.
- Seller
- Redline Realty Investments Inc.
- Industry
- Real Estate
- Location
- British Columbia, Canada
- Type
- Buyout
The Real Brokerage Inc. acquired all issued and outstanding common shares of Redline Real Estate Group (BC) Inc. through a wholly owned subsidiary, gaining Redline's real estate licence to operate in British Columbia. The deal expands Real's Canadian footprint and leverages Redline's ~90-agent team to support the company's provincial expansion.
-
October 11, 2022
- Buyer
- Yardi
- Target
- Planimetron
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
Yardi has acquired Planimetron, a long-standing provider of space management and floorplan visualization solutions, and will rebuild and rebrand Planimetron's Propidex platform as Space Manager. The Space Manager product will be integrated into Yardi's CommercialEdge platform to expand Yardi's space-management and visualization capabilities for commercial and corporate real estate owners and operators.
-
June 20, 2022
- Buyer
- eXp World Holdings, Inc.
- Target
- Zoocasa Realty Inc.
- Seller
- Lauren Haw and a group of investors
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
eXp World Holdings, Inc. (Nasdaq: EXPI) has acquired Toronto-based Zoocasa Realty Inc. and its Zoocasa.com property to strengthen eXp Realty's online lead generation, home-search and listings portal capabilities. The acquisition (expected to close in July 2022 and completed July 14, 2022) brings Zoocasa's technology, market insights and roughly 150 in-house agents into eXp's cloud-based brokerage ecosystem.
-
April 11, 2022
- Buyer
- WillScot Mobile Mini Holdings Corp.
- Target
- Storstac Inc.
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Buyout
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) has closed the acquisition of Canadian storage services provider Storstac Inc., funded with cash on hand and borrowings under its revolving credit facility. The purchase adds more than 1,100 storage units to WillScot Mobile Mini's footprint in the greater Toronto area and strengthens its rental operations and local capabilities.
-
- Buyer
- RealServus
- Target
- Property.ca, Condos.ca, MrLoft.ca
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Addon
RealServus, a Canadian proptech investment and management firm backed by investors including Round13 Capital, has acquired online brokerage Property.ca and its brands Condos.ca and MrLoft.ca. The acquisition adds over 250 productive agents and prominent residential real-estate search tools to RealServus' portfolio to expand market share, technology capabilities and lead-generation services in the Greater Toronto Area.
-
February 14, 2022
- Buyer
- Sutton Group Management Ltd.
- Target
- Sutton Group - West Coast Realty
- Industry
- Real Estate
- Location
- British Columbia, Canada
- Type
- Addon
Sutton Group Management Ltd. (SGM) has acquired Sutton Group - West Coast Realty, further consolidating its portfolio of brokerages in British Columbia. The acquisition expands SGM's scale and inventory access across Greater Vancouver and the Fraser Valley as the firm integrates West Coast Realty with its existing brokerages (Sutton Group - 1st West and Sutton Centre Realty).
-
April 30, 2021
- Buyer
- Zonda, MidOcean Partners
- Target
- BuzzBuzzHome
- Industry
- Real Estate
- Location
- Ontario, Canada
- Type
- Addon
Zonda, a MidOcean Partners–backed provider of residential real estate data and marketplaces, has acquired Toronto-based new-home listings portal BuzzBuzzHome. The deal expands Zonda's presence into the Canadian market and complements its existing new-home data and marketplace offerings.
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Frequently Asked Questions
What kinds of real estate deals are covered for Canada?
The page focuses on acquisitions across property and real estate services, including REIT take-privates, portfolio purchases, self-storage acquisitions, and brokerage/proptech platform expansion in Canada.
Which Canadian locations show up most in these acquisitions?
Ontario is referenced in multiple transactions, with additional activity mentioned in Nova Scotia and Canada more broadly.
Do these acquisitions include privatizations of public REITs?
Yes. Several transactions involve taking a REIT private or acquiring REIT units through all-cash or stock-and-cash structures, including court-approved plans of arrangement.
Who are some of the recurring buyers mentioned?
Recurring buyers include KingSett Capital, Choice Properties REIT, George Weston Limited, RealServus, GO Residential Real Estate Investment Trust (GO REIT), Blackstone Real Estate Advisors L.P., and Crestpoint Real Estate Investments.