Real Property Developments


The Greater Toronto Area (“GTA”), as well as Southern Ontario, is one of the fastest growing areas in the world. The Canadian Government has released that 1.5 million people are in process to immigrate to Canada. These immigrants are primarily professionals and wealthy individuals seeking the benefits of living in Canada.
There is a significant housing shortage in The GTA and southern Ontario which will continue for next several years. Currently there is a shortage of approximately fifty thousand homes in southern Ontario. The residential and commercial developments currently in planning and approval are based on real need and not speculative development. Verona/First Summit residential developments are filling this gap.



Wasaga Beach, Ontario: “The World’s Longest Freshwater Beach”

Why Invest in Wasaga Beach?
Wasaga Beach is home to the World’s Longest Freshwater Beach which stretches across South Georgian Bay and includes a panoramic vista of the Niagara Escarpment. It also is home to a fantastic and supportive beachside community that welcomes millions of visitors each year.

Wasaga Beach is a vibrant and rapidly growing municipality in Ontario having experienced a 13% population growth between 2015-2019. Over 23,000 residents call Wasaga Beach home and are supported by unique commercial neighbourhoods across the community. Get what you need, when you need it. Our beachside community inspires and delights any tastebud, satisfies product needs and will comfort you with quality services.

Wasaga Beach is home to three elementary schools, a community health centre, and a municipal transit system that connects residents both to Collingwood and Barrie.

With development booming around town, we are forecasted for a lot of growth – and you are invited! Come join us in Wasaga Beach. Wasaga Downtown Boundary

Beachfront District
Ontario’s Wasaga Beach is finally ready to begin its major transformation. Envisioned to bring back the “Fun” to Wasaga Beach, the Beach District will be the entertainment activity centre of Wasaga Beach. Taking a cue from its cultural heritage, the Beach District will bring back family and indoor entertainment to diversify the activities offered ensuring that the beach is a dependable destination through bad weather and through the off season. By strengthening the beach as a destination, the town reinforces the synergy held between the beach and town to create a sustainable entity.

Ontario’s Wasaga Beach is being completely renovated and it will give you major Miami vibes!

And..here we are!

Wasaga Beach Proposed Condominium Development

Wasaga Beach

Wasaga Beach boasts a picturesque Canadian town at the southern end of Ontario’s Georgian Bay.

Well known for long, sandy beaches along Nottawasaga Bay and canoe routes on the winding Nottawasaga River.

The natural beauty of the area makes this an opportunistic site for development

Wasaga Beach grew to become a world-renowned tourist destination, boasting of being home to the World’s Longest Freshwater Beach. Main Street began to flourish as a tourism hub in the community with motels, malls, restaurants, arcades, attractions and events. The combined access to world-class natural assets, centralized positioning within the region, accelerated economic growth, engaged community, and dedicated tourism base was a recipe for success.


Stouffville, Ontario: “Country Close to the City,”

Why Invest in Stouffville?
Stouffville’s slogan is “Country Close to the City,” and that exactly describes this place. It is a mere 14 kilometers from the northern border of Canada’s largest city – Downtown Toronto can be seen from windows as far north as Bloomington Road.

The community is immediately bordered by municipalities, such as Richmond Hill, Markham, Aurora and Newmarket, that contain a population of 715,000 people.

Yet, the landscape of Stouffville is primarily rural in nature. The Town’s 205 square kilometers blanketed in forests and farms, horse barns and tourist attractions.

Stouffville is “Country close to the City” and the third fastest growing community in Canada
and the second fastest growing municipality in Ontario. Located just 40 kilometres
from downtown Toronto, Stouffville is one of nine local municipalities that form The Regional Municipality of York.

Stouffville is becoming more urbanized, while retaining its rural roots – offering the best of both worlds. Owing to the area’s natural beauty and recreational assets, the Town has a strong existing tourism product with York Region, providing valuable tourism experiences.
For many, Stouffville is the playground for corporations and densely packed neighbourhoods – a respite from the congestion of multi-lane highways and shopping centres.

Stouffville is surrounded by farmland and conservation land at it is situated on the edges of the Oak Ridges Moraine. Downtown Stouffville, east of Highway 48 is the largest urban centre in the municipality. This is where the Souffville Go Train station is situated making it a popular choice for commuters. Stouffville also contains a large number of rural hamlets including: Ballantrae, Bloomington, Gormley, Musselman Lake, Ringwood Vandorf and Wesley Corners.

And..here we are!

Stouffville Proposed Project


Whitchurch-Stouffville offers many fine outdoor experiences. Structured fun includes golf courses, the W-S Museum, 19 on the Park theatre, treetop trekking, fruit & vegetable picking, summer camps, Christmas Tree cutting and mini-putt. While unstructured experiences include art studios, forest hikes, wine tasting and sourcing fresh foods.


Real Property Development

The Greater Toronto Area (“GTA”), as well as Southern Ontario, is one of the fastest growing areas in the world. The Canadian Government has released that 1.5 million people are in process to immigrate to Canada. These immigrants are primarily professionals and wealthy individuals seeking the benefits of living in Canada.
There is a significant housing shortage in The GTA and southern Ontario which will continue for next several years. Currently there is a shortage of approximately fifty thousand homes in southern Ontario. The residential and commercial developments currently in planning and approval are based on real need and not speculative development. Verona/First Summit residential developments are filling this gap.

Toronto, Ontario: “Toronto”, meaning “plenty“, it is the most populous city in Canada and the fourth most populous city in North America.

Why Invest in Toronto?
The most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario,[16] while the Greater Toronto Area proper had a 2021 population of 6,712,341.[17] Toronto is an international centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world:

• Strong Economy: Canada’s business and Financial Capital, a growing financial hub in North America, and a top 10 global finance centre

• Competitive City: Annual business operating costs significantly lower than in many leading international centres.

• Growing City: Growing with strong development prospects, helping to bring more people and jobs into the city.

• Global City: Globally connected, highly educated talent pool as driving force behind the city’s growth, prosperity and innovation.

• Gateway to North America: A Toronto address places your business in the heart of the political and financial centre of North America.

• Life is Great Here: Performing and visual arts, music, sporting events, and cultural festivities creates a vibrant energy that ripples throughout the city, province, and country.

• Start-up Here: Home to the largest start-up ecosystem in Canada. The second largest innovation cluster in North America: The Toronto-Waterloo Innovation Corridor.

• Make it Here: Toronto is the destination of choice for a wide range of traditional and advance manufacturers.

• Innovate Here: Toronto life and health sciences cluster attracts over $1B annually in research and nearly 40.000 highly trained professionals.

• Create Here: Home to Canada’s largest and most diverse cultural economy.

• Great talent: The largest centre of education, research, and innovation in the country.

• Succeed Here: Offers quality of life, talent, and competitive business climate, becoming the first choice for companies seeking growth.

Real estate is a major force in the city’s economy, Toronto is home to some of the nation’s—and the world’s—most expensive real estate. The Toronto Regional Real Estate Board (TRREB), formerly the Toronto Real Estate Board, is a non-profit professional association of registered real estate brokers and salespeople in Toronto, and parts of the Greater Toronto Area. TRREB was formed in 1920. Many large Real estate investment trusts are based in Toronto.

Land increases in value quickly when it’s scarce. This is the fact in Toronto because we’re running out of land to build more houses in Toronto. The limited land in Toronto means the supply of residential properties, especially houses, will always be limited.
The fundamental combination of limited supply and growing housing demand makes residential real estate in Toronto appreciate much quicker than other cities. Over the past 10 years, Toronto residential real estate has on average seen a strong market annual appreciation of 8.3%.

The Next Generation Of Homebuyers
When it comes to the housing market, by and large, the demographic group that always supplies the most momentum is that of First Time Home Buyers, falling between the ages of 25-40. When this particular cohort is high, they effectively are the engine of the market. This is in part because of the numbers, but also because of the role that they play in the momentum of the property ladder, which pushes each cohort through the various rungs of ownership on the ladder.

And..here we are!

Toronto Project Development

PROJECT SUMMARY
Desirable Project Site
• Highly sought after site located in the Greater Toronto Area

• Desirable for many consumers, businesses, and shops; access to several arterial highways, minutes from Pearson International Airport, shopping malls, and easy access to the downtown core via Eglinton LRT.

Attractive Returns
• Garner a strong equity return with additional real estate upside

• First choice on condo units at preferred rates prior to general public access.

Low Risk Exposure
• A quality asset that has significant cash flow, not a piece of vacant land waiting for development and construction

• Cash flows provide coverage for all debt servicing, maintenance, insurance and taxes while rezoning application is submitted to the city.

Strong Partners
• Harhay Developments is an experienced and reputable developer-builder having built over 20+ iconic buildings in downtown Toronto and the GTA

• Peak Prosperity Group possesses a strong network of pension funds and REITs to supplement equity contributions upon construction stage and ensure continued financial stability.

Four mid-rise towers, 20 stories each

• Ground floor retail with two floors of underground parking
• 15% Parkland allocation tied into the Daycare centre
• Additional green-land on the site
• Office floors 2-4
• Residential floors 5-20.
• Private throughway with two entrances
• Mixed use redevelopment with residential, retail, commercial and a new community park
• Commercial element to bring jobs and tax base to the city
• Retail – Opportunity to bring new quality retail (ceiling heights, attractive design, format, etc.) to service the development, surrounding community, and LRT Hub
• Community Park to provide further green space, also providing even more green space
• Inclusion of a community day care centre element
• Proximity to Pearson Airport
• The project site has a total area of 182,179 sq. ft. with 109,181 sq. ft. of gross floor area.
• The 4.18 Acre subject site consists of a group of 14 parcels, which form one larger irregularly shaped site.
• It is currently improved with 5 commercial buildings.