Real Estate


While Canada offers a stable, low-risk environment for real estate development and investment, the sector continues to be influenced by a number of forces, including urbanization, demographic changes and technological advances. The successful execution of real estate transactions and investments requires the expertise of an experienced legal team with a keen understanding of those forces, one that anticipates potential issues and delivers integrated, innovative solutions.

Having played a principal role in several of the most transformational transactions in the Canadian real estate market, Osler’s Real Estate Group helps clients navigate even the most complex real estate transactions. Our work includes advising on all aspects of real property including:

  • Acquisitions, dispositions and joint ventures, with particular expertise in portfolio transactions
  • Investments, with particular expertise advising pension fund investors
  • Capital markets transactions, with particular expertise creating and advising REITs
  • Financing arrangements
  • Commercial leasing (retail, office and industrial)
  • Asset and risk management
  • Infrastructure projects
  • Development projects

Described as having "a lot of depth in their bench” and as “amazing on service delivery" (Chambers Canada 2016), our real estate lawyers possess both technical savvy and practical knowledge, and have earned the unparalleled reputation of being successful negotiators and creative problem solvers. The long-term relationships we build with our clients are based on collegiality and trust, a deep understanding of our clients’ businesses and an in-depth knowledge of the complexities of the Canadian real estate sector. Our clients benefit from that knowledge, as well as Osler’s expertise in areas that intersect with the real estate industry, including capital markets, tax, alternative investment, corporate governance, construction, environmental, infrastructure and U.S. law.

Related Expertise

Rod Davidge

Partner, Real Estate
  • TPG Capital LP

    TPG Capital LP in its proposed acquisition of Transplace Inc.

  • SmartREIT

    SmartREIT and Strathallen Acquisitions Inc. to acquire all of the assets and liabilities of OneREIT for $1.1 billion

  • Dream Global REIT

    Dream Global REIT in its approximately $903 million transaction relating to a 135 property portfolio in the Netherlands

  • Greenhill & Co. Canada Ltd.

    Greenhill & Co. Canada Ltd. in connection with the sale of Brookfield Canada Office Properties to Brookfield Property Partners L.P. for $480 million

  • National Tire Distributors Inc.

    National Tire Distributors Inc. in its acquisition of Pneus Supérieurs Inc.

  • BMO Capital Markets Corp.

    BMO Capital Markets Corp. in connection with the sale of Milestone Apartments Real Estate Investment Trust to Starwood Capital Group for US$2.85 billion

  • Dream Office REIT

    Dream Office REIT in connection with its co-ownership agreement to own Scotia Plaza and its sale with H&R REIT

  • Target Canada Co.

    Target in connection with the wind-down of its Canadian operations under the Companies’ Creditors Arrangement Act

  • Dream Unlimited Corp.

    Ongoing transaction advice to Dream Unlimited Corp., one of Canada’s leading real estate companies with over $15.0 billion of assets under management in North America and Europe, and its entities including Dream Industrial REIT, Dream Office REIT, and Dream Alternatives.

  • SmartREIT

    SmartREIT (formerly Calloway Real Estate Investment Trust) and its affiliates its affiliates completed the acquisition of the SmartCentres platform from Mitchell Goldhar and SmartCentres as part of a $1.16 billion transaction, making SmartREIT a fully integrated real estate developer and operator

  • Find More

  • Canadian Legal Lexpert Directory, 2015-2017, Toronto, Ontario, Osler ranked in the area of Property Development and Leasing practice as Consistently recommended.
  • The Legal 500, 2015- 2017, recognized in the area of Real Estate.
  • Chambers Canada: Canada’s Leading Lawyers for Business, 2016-2017, recognized in the area of Real Estate: Nationwide- Canada.
    • "They have a lot of depth in their bench.  A big firm with a lot of expertise."
    • "The lawyers at Osler stand out for their responsiveness, expertise, and ease to deal with, as well as their ownership of issues."
  • Chambers Canada: Canada’s Leading Lawyers for Business, 2016-2017, recognized in the area of Real Estate: Ontario.
    • "They are good in all areas, and the quality advice that they have offered is very impressive." 
    • "The lawyers are business-minded and attuned to risk."
  • The Canadian Legal Lexpert Directory, 2015, recognized in the area of Property Development and Property Leasing.
  • Chambers Global: The World’s Leading Business Lawyers, 2015, recognized in the area of Real Estate.
  • Legal Media’s Construction and Real Estate Expert Guide, 2015.
  • Euromoney’s Guide to the World’s Leading Women in Business Law, 2014, recognized in the area of Real Estate.
  • Legal Media Group’s Guide to the World’s Leading Lawyers, 2015, recognized in the area of Real Estate.
  • The Best Lawyers in Canada, 2015, recognized in the area of Real Estate.

Osler expands its National Real Estate Practice Group

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Our Group’s reputation has attracted a diverse roster of Canadian and international clients active in the following industries:
  • Real estate companies
  • REITs
  • Pension funds
  • Retailers
  • Manufacturers
  • Institutional lenders
  • Mortgage lending
  • Oil and gas
  • Seniors housing
  • Power (including electric and renewable)
  • Hospitality

The Legal Guide to Canadian Real Estate 2016

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