Construction is underway at Residences at Silvercreek, a three-building, four-storey rental housing complex on Prince of Wales Drive in Collingwood, Ontario. According to the developer, Skyline Group of Companies, the project is expected to increase the town’s rental supply by 33 per cent upon its slated completion in Spring 2026.
Skyline held a private ground-breaking ceremony on May 3, 2024, to celebrate the construction kick-off. The event was attended by Hon. Paul Calandra, Minister of Municipal Affairs & Housing for Ontario, as well as Mayor of Collingwood Yvonne Hamlin and Simcoe-Gray MPP Brian Saunderson.
“Congratulations to the project partners for breaking ground on these rental homes that will create new housing options for people in Collingwood and contribute to the town’s vibrancy and appeal,” Calandra said. “This is an example of how government actions, including reductions to development charges and steps to remove the provincial portion of the Harmonized Sales Tax on qualifying projects, are helping to spur construction of much-needed new purpose-built rental housing across Ontario.”
Residences at Silvercreek will feature a total of 187 rental suites with spacious layouts and views of Georgian Bay, Blue Mountain Ski Resort, and the Cranberry Marsh. The property will also include a 4,800-square-foot central amenity building with indoor kitchen, fireplace, games room, and gym, as well as an outdoor terrace, hot tub, and pickleball court.
Jason Castellan, Co-Founder & CEO of Skyline Group of Companies, emphasized the collaborative nature of the development: “Residences at Silvercreek is an effort across our group of companies, with resources leveraged and expertise utilized among several of our business units,” he said. “We are optimizing the use of the land and ensuring that it is bringing a positive, needed contribution to Collingwood. With the town having a vacancy rate of only 2.5 per cent as of October 2023, we are proud to be providing new rental housing where it is needed most, bringing forward an opportunity for more people to live and work in this town.”
“We are fortunate to have such a recognized and respectable leader in the apartment industry choose our Town for the building of three new quality apartment buildings,” added Mayor of Collingwood, Yvonne Hamlin. “This new development represents a significant step forward in tackling our community’s urgent demand for rental housing. This project will also, through the addition of public trails, connect the new residents of the 187 units to the Collingwood Trails Network which encompasses over 60 kilometers of recreational trails for cyclists, walkers, joggers, cross country skiers and snowshoers.”
For more information, visit SkylineGroupOfCompanies.ca
