Clifton Blake Launches ‘The Pacific’ Rental Residence in Toronto’s Junction Neighborhood, Capitalizing on Macro Shifts in GTA Housing Market

TORONTO, Oct. 29, 2026 /CNW/ — Clifton Blake, a leading integrated real estate asset management and private equity firm, today announced that leasing is well under way for its latest purpose-built residential rental property, The Pacific, located in Toronto’s highly sought-after Junction neighbourhood.

The Pacific, situated on Dundas Street West, is an eight-story, 120-unit boutique residence. The project adds a premier asset to Clifton Blake’s expanding portfolio and introduces premium housing supply to a Greater Toronto Area (GTA) market currently characterized by declining new construction starts and shrinking inventory.

“The Pacific represents a significant milestone for our company within the purpose-built rental market,” said Wes Myles, President and Chief Investment Officer at Clifton Blake. “The core opportunity in the GTA stems from a potentially stark supply-demand imbalance. As capital constraints restrict new housing starts, well-located rental properties are positioned for significant capital appreciation. This structural reality is underscored by Toronto’s vacancy rates for multi-bedroom rental units, which have dropped below 2% and are projected to tighten further heading into 2027.”

Clifton Blake’s entry into this segment is the result of a long-term strategic thesis. The firm initiated its purpose-built rental strategy over eight years ago through targeted land acquisitions and the integration of its asset management platform.

“Rather than reacting to today’s macroeconomic shifts, our long-term strategy allowed us to position our portfolio well ahead of the market pivot away from condo development”, said Peter Sharpe, Board Chairman of Clifton Blake and former President and CEO of Cadillac Fairview.

The firm’s development pipeline captures market upside across five core operational pillars:

• Strategic Urban Placement: High-demand rental housing within mature, high-barrier Toronto communities.
• Transit-Oriented Density: Premium residential projects with immediate access to major transit corridors.
• De-Risked Timelines: Shovel-ready assets that have bypassed early-stage municipal planning and zoning friction.
• Portfolio Scale: 1,200+ new rental units coming to market diversified across five premier projects.
• Operational Premium: Capitalizing on growing tenant demand for professionally managed residential buildings.

Demonstrating the continued execution of this strategy, Clifton Blake also confirmed its upcoming High Park development at 1930 Bloor Street West. The 19-story purpose-built rental building is scheduled to break ground in December 2026, with completion targeted for Fall 2028. Reflecting targeted demographic demand, over 65% of the High Park building will feature two- and three-bedroom layouts designed to capture high-tenure rental demographics.

Clifton Blake maintains a distinct structural advantage through its vertically integrated operations. To eliminate third-party contractor delays and supply-chain friction, all projects are managed by the firm’s in-house construction arm, CB Wilkinson. Fully integrated marketing and leasing operations are handled by Roxborough Communities, Clifton Blake’s property management group.

For more information on The Pacific in Toronto’s Junction neighbourhood, please visit, thepacificjunction.com.   

About Clifton Blake

Clifton Blake is an integrated real estate builder, operator, and private equity firm specializing in urban infill mixed-use multi-family rental properties. The firm manages Class A portfolios spanning private mortgage lending, mixed-use real estate development, and asset management. Clifton Blake delivers risk-adjusted returns through its Mortgage Fund, Private REIT, and Bridge Funds, built on a foundation of long-term value creation and urban city building. Learn more at cliftonblake.com.

SOURCE Clifton Blake