Chartwell will sell off its Clair Hills retirement residence in Waterloo, Ontario, to get Competition Bureau Canada’s okay to acquire a six-building portfolio from Sifton Properties.

Sifton Properties’ West 5, a 70-acre mixed-use development in London, Ontario, will be a test site for an electricity generation and sharing model known as community net metering.

Coming soon from Sifton Properties, Helio is slated to become the most energy-efficient high-rise apartment tower in Canada, designed and constructed to be 77 per cent more efficient than a similar building built under the current Ontario Building Code.

The Government of Canada is investing $3.9 million toward the construction of Canada’s first net-zero, mixed-use, multi-unit residential building in London.