Ontario Real Estate And Development Industry Hires And Promotions: March 2025

Ontario’s real estate and development sector experienced a wave of significant leadership changes and promotions in March 2025, reflecting the industry's dynamic nature and ongoing growth. Key players across development, brokerage, and finance sectors announced strategic appointments aimed at strengthening their operations and adapting to market demands.

In the development arena, Ravelin Properties REIT welcomed Calvin Younger and Jane Rafuse to its Board of Trustees, signaling a fresh direction for the organization. Minto Group promoted Rory Perusits to Senior Manager of Financial Analysis & Reporting Operations, highlighting internal talent development. Beedie expanded its Toronto team by appointing Adam Lambros as Director of Industrial Development, bringing his extensive experience from Panattoni. Starlight Investments saw multiple promotions: Michael Hanak advanced to SVP of Leasing and Marketing, Bradley Cumming to SVP of Investments, and Sabrina Ma to VP of Finance. Dream also recognized internal talent, promoting Preston Searle to Director of Asset Management, Alex Heath to Associate Director of Development, and Michael Hasko to AVP of Retail Property Management. Additionally, Alexandra Screpnechuk was elevated to Director of Investments at Dream Industrial REIT. Centurion Asset Management appointed John McKinlay as President and CEO, effective March 31. BGO promoted John Pulla to Director of Property Finance and Connie Aiello to VP of Commercial Mortgages. Crestpoint Real Estate Investments brought on Scott Antoniak as EVP and Head of Investments. Precedent Land Company appointed Karen Ford as President, Land, Canada. Osmington Gerofsky Development Corp promoted Jared Freedman to Senior Director, Investments, and Hamza Chatila to Development Associate. Portage Capital welcomed Bryan Salazar as Managing Partner, following his decade-long tenure at KingSett Capital. MarshallZehr promoted Sean Atkinson to SVP of Operations. Choice Properties REIT announced the retirement of CFO Mario Barrafato, with Erin Johnston stepping into the role.

Brokerage firms also reported notable changes. Colliers promoted David Moretti to SVP and Michael King to EVP in their Toronto office, reflecting the firm's commitment to recognizing leadership within. Avison Young expanded its Ottawa operations by appointing Sandy Upson as Director of Investment Valuation & Advisory Services. CBRE's Toronto Downtown office welcomed Christopher Valela as an AVP, indicating the firm's focus on strengthening its advisory capabilities.

In the finance sector, BMO Capital Markets promoted Pier Nasso to Director & Head of Real Estate Private Equity, underscoring the firm's emphasis on real estate investments. RBC also made strategic hires to bolster its real estate finance division, although specific names were not disclosed.

These appointments and promotions across various sectors demonstrate the industry's resilience and adaptability in a competitive market. Organizations are not only recognizing internal talent but also bringing in experienced professionals to navigate the complexities of Ontario's real estate landscape.

As the province continues to address housing affordability and development challenges, the infusion of new leadership and expertise is poised to drive innovation and growth. Stakeholders across the industry will be watching closely to see how these changes influence market dynamics in the coming months.