COLLINGWOOD, ON, Dec. 19, 2023 – Making homeownership a reality for thousands of people at land lease communities across Canada is being celebrated today by Parkbridge Management LP (Parkbridge). Under the flagship Parkbridge brand for 25 years now, these professionally managed communities are providing safe, valued and welcoming places to live.

Founded in 1998, Parkbridge has expanded from just two properties with a handful of dedicated employees, to nearly 100 residential and RV resort properties in operation with more than 300 passionate employees from coast to coast. Through its innovative land lease model, Parkbridge continues to grow with 5,400 residential lots currently in various stages of planning and construction to be delivered over the next 10 years.   

“Community is at the heart of who we are at Parkbridge,” said Anthony Lanni, President. “We are the first choice of those who are seeking high quality housing and recreational environments to enjoy, and proud to be home, and host, to thousands of individuals and families in some of the most desirable communities in Canada. We are committed to growing our portfolio through thoughtful development and acquisition activities to achieve our goal of making homeownership attainable for even more Canadians.”

In the face of high housing costs and a lack of housing supply, Parkbridge offers a new model for Canadians looking to purchase a home and build equity. The demand for these purpose-built communities, such as Lakehaven in Innisfil, Ontario, Solstice at Tower Ranch in Kelowna, B.C., and Craigleith Ridge in The Blue Mountains, Ontario, is proven through the company’s steady growth.

“We believe safe, quality, homeownership should be achievable,” said Eric Malcomson, Senior Vice President, Development. “Through our land lease communities, Canadians can realize their homeownership dreams at much lower carrying costs than freehold homes, combined with the active lifestyle people desire, and amenities that bring people together.”

A popular model in the US and Europe, land lease is a relatively new concept in Canada. Parkbridge offers communities tailored for people looking to buy their first home or who are transitioning into retirement years. All Parkbridge communities are managed by professional staff and offer a wide variety of expertly managed services and amenities.

About Parkbridge 

Parkbridge is Canada’s leading developer and manager of more than 60 residential communities and 35 recreational RV resort communities. Headquartered in Collingwood, Ontario, with properties in 70 municipalities across Canada, the Parkbridge team enriches the lives of its residents and guests by providing welcoming communities with quality amenities. It also offers an attainable path to homeownership through land lease opportunities. Parkbridge is wholly owned by QuadReal Property Group, a global real estate company headquartered in Vancouver, British Columbia, with assets under management of over $70 billion. Visit Parkbridge.com for more information. 

 

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For further information, please contact [email protected].