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2026 Canadian Transactions of the Year
Eastern Canada
- EBlock’s Scott, Chatfield Honoured for Launching Physical, Online Vehicle Auction Centre in Halifax
- Both Forum REIIF, Alignvest Gain From ASH REIT Deal
- Colliers Teams Collaborate with Nokia and Governments on Mixed-Use, 11-Acre Campus
- KingSett Capitalizes on RTO Movement Early with Downtown Montreal Office Acquistion
- Mei Leads Hub City Team to Lease Up Chronically Vacant Duplex
- Boardwalk Excels Beyond its Comfort Zone with Three-Tower Apartment Complex Acquisition in Laval
- Teachers’ Seniors Home Portfolio Investment Pays Off with Sale to Welltower
- Colliers’ Amero and Roquet Large Laval New-Build Industrial Lease Stands Out
- Urbacon Achieves a Series of Firsts with $320M Data Centre ABS Refinancing Deal
- Primaris Uses Creativity to Complete $565M Acquisition of Promenades St-Bruno Mall
- Avison Young’s Clancy Closes Sale of Mississauga Industrial Asset in Under 100 Days
- Alta Canada’s Geller Steps Up to Buy Former Miséricorde Hospital in Downtown Montreal
Boardwalk Excels Beyond its Comfort Zone with Three-Tower Apartment Complex Acquisition in Laval
In fall 2025, Boardwalk REIT agreed to acquire a three-tower apartment complex in the Montreal suburb of Laval, Que., for $249 million.
The three concrete Central Parc towers, built between 2019 and 2022, comprise 541 suites with an average size of 942 square feet. The purchase price worked out to about $460,000 per suite at a going-in cap rate of 4.5%.
The acquisition was a sign of progress in Boardwalk’s capital upcycling initiatives, which continue to help the REIT acquire newer properties while divesting non-core assets. The deal also significantly expanded Boardwalk’s presence in Greater Montreal, a desirable market for the REIT.
The acquisition also demonstrated that Calgary-based Boardwalk can excel well beyond its Alberta base and traditional Western Canadian comfort zone. The REIT has made further advancements in the Greater Montreal Area since acquiring the towers, further demonstrating the organization’s versatility and multi-family real estate expertise.
The deal also allowed Boardwalk to offer residents « unmatched affordable luxury » and a « unique product offering for the surrounding area, » according to Boardwalk Chairman and CEO Sam Kolias.
These are some of the reasons why the investment team led by Boardwalk Chairman Sam Kolias that completed the Central Parc deal was honoured with a Connect Canadian Transactions of the Year Award. The team members include Senior Vice-president of Investments Samantha Adams; Vice-president of Investments Vanessa Kolias; Investments Director Hanif Fazal; Senior Investments Analyst Nathan Quan; Investments Analyst Mingyang Wang; and Natasha Savelieva, who serves as an investment analyst.
The awards recognize deals that make an impact on Canadian commercial real estate.