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Toronto Condos Propelled Dream Unlimited's 2016 Performance


Toronto condos drove Dream Unlimited’s success in 2016, with 1,456 unit closings at downtown projects including The Carnaby, The Taylor and Canary District. Dream’s highest volume of condo closings ever, this repays $175M in debt and significantly reduces the capital Dream allocated to its condo segment, the firm said in its Q4 report. Dream, which continues its development at Canary District and Riverside Square, last year took a stake in a condo site at 351-369 Lake Shore Blvd. E, a JV with Great Gulf. It also acquired an interest in a 74-acre former Imperial Oil property in Port Credit, slated for mixed-use redevelopment.