Minto Group

200-180 Kent Street, Ottawa, Ontario, K1P 0B6, Canada

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About Minto Group

Summary

Minto Group is a Canadian real estate company founded in 1955 by Gilbert, Irving, Lorry, and Louis Greenberg. Based in Ottawa, Ontario, it is involved in home building, property management, and commercial real estate. The company has built over 100,000 homes in locations including Ottawa, Toronto, Calgary, Florida, and South Carolina. It also manages multi-residential and commercial properties, with assets amounting to $2.9 billion, including 13,000 multi-residential units and 2.7 million square feet of commercial space.

Minto’s history includes significant milestones such as its first major development in Ottawa’s Parkwood Hills and the construction of Canada’s first high-rise condominium, Horizon House, in 1960. The company expanded into Florida in the 1980s and later into Montreal, Vancouver, and Calgary. Minto also launched Minto Apartment Real Estate Investment Trust (REIT) in 2018, raising $200 million via an IPO.

The firm’s divisions include Minto Apartments, a property management branch; Minto Homebuilders, which has constructed a significant portion of Ottawa’s housing; and Minto Communities USA, which has developed over 25,000 homes in Florida. Notably, Minto has partnered with Margaritaville Holdings to create Latitude Margaritaville, a series of retirement communities.

Minto has received numerous accolades, including being named one of Canada’s Best Managed Companies in 2024 and 2025. It is committed to sustainable development, having built Canada’s first Net Zero home in 2008 and completed over 100,000 homes. Minto continues to focus on community involvement, including its long-standing partnership with the Children’s Hospital of Eastern Ontario (CHEO). The company’s future plans include further expansion and environmental sustainability initiatives.

History

Minto Group was founded in 1955 by Gilbert, Irving, Lorry, and Louis Greenberg in Ottawa, Ontario. Initially named Mercury Homes, the company was renamed Minto Construction Company in 1957. Its first major development was Parkwood Hills in Nepean, built in partnership with Westmore Investments. As part of this development, Minto constructed Canada’s first high-rise condominium, Horizon House, on Meadowlands Drive. By the 1960s and 1970s, Minto had built numerous subdivisions in the Ottawa area, becoming one of the region’s largest developers. In 1971, three-quarters of construction in Nepean was by Minto.

The company expanded to Florida in the early 1980s, marking its first steps outside Canada. In 1991, after the death of his uncle Irving, Roger Greenberg, son of Gilbert, became the CEO of Minto. Under his leadership, Minto continued to grow and innovate. In 2001, Minto completed the first Minto Dream Home for the Children’s Hospital of Eastern Ontario (CHEO) Dream of a Lifetime Lottery, a project the company has continued annually since.

In 2008, Minto constructed Canada’s first Net Zero Inspiration Home, demonstrating its commitment to sustainable building practices. Minto’s CEO changed in 2013 when Michael Waters, who was not part of the Greenberg family, assumed the role.

Minto became the title sponsor of the Minto U.S. Open Pickleball Championships in 2016, a partnership that has helped the event grow into the largest annual pickleball event in the world. The following year, Minto partnered with Margaritaville Holdings to create Latitude Margaritaville, a series of active adult communities, with the first location in Daytona Beach.

In May 2018, Minto held an IPO for its Canadian multi-residential properties, which became part of the Minto Apartment Real Estate Investment Trust (REIT). This move allowed the Greenberg family to raise $200 million. In the same year, the company continued to expand, acquiring and managing additional properties across Canada and the U.S.

Minto has received numerous awards for its commitment to sustainability, including being named one of Canada’s Best Managed Companies in 2024 and 2025. The company is also involved in various charitable initiatives, particularly its long-standing partnership with CHEO, which has raised significant funds for children’s healthcare.

Portfolio

Minto Group is a Canadian real estate company with a diverse portfolio that spans residential, multi-residential, and commercial properties in Canada and the United States. Established in 1955, Minto has developed a significant presence across various regions, constructing over 100,000 homes. In Ottawa, the company has built numerous communities, including Parkwood Hills, Crystal Beach, Briargreen, Bayshore, Tanglewood, Chapel Hill, Centrepointe, Morgan’s Grant, Avalon, Riversbend at Harmony, Anthem, Mahogany, Quinn’s Pointe, Parkside at Arcadia, Abbott’s Run, Brookline, and Weavers Way. Minto has also made notable contributions to Toronto and the Greater Toronto Area (GTA), with developments such as Union Village, Park & Main, The Heights of Harmony, Westshore, North Oak, 123 Portland, The Saint, Ivy Ridge, and Glen Agar. In Calgary, Minto has built projects like East Hills Crossing, Belvedere Rise, Wildflower, and Parkline. In the United States, Minto has focused on Florida with developments like The Isles of Collier Preserve, Westlake, Latitude Margaritaville Daytona Beach, and Latitude Margaritaville Watersound. The company has also extended its footprint in South Carolina with Latitude Margaritaville Hilton Head.

In addition to its residential developments, Minto Group has a significant portfolio of multi-residential and commercial properties. Minto Apartments, a subsidiary of the company, manages thousands of rental units across multiple locations in Canada. By September 2024, the portfolio included 7,726 rental suites located in key urban centres such as Ottawa, Toronto, Calgary, Montreal, Vancouver, and Victoria. Notable properties in the portfolio include Minto Metropole in Ottawa, Minto Midtown and Minto Yorkville in Toronto, as well as a range of other multi-residential buildings across Canada. Minto also manages commercial properties, including office and retail spaces, which form a significant part of its overall asset base.

Minto Group’s investment strategy is also reflected in its publicly traded subsidiary, Minto Apartment Real Estate Investment Trust (REIT), which was launched in 2018. The REIT is listed on the Toronto Stock Exchange under the ticker symbol MI.UN and holds a diversified portfolio of residential properties across Canada. This entity provides investors with an opportunity to gain exposure to the real estate market through Minto’s multi-residential properties.

In the commercial real estate sector, Minto has engaged in the sale of retail properties, including a notable transaction in 2025. The company sold a retail investment portfolio comprising two properties in Etobicoke’s Long Branch neighbourhood, totalling nearly 20,000 square feet across nine retail units. This move highlights Minto’s strategic approach to managing its commercial portfolio.

Leadership Team

Michael Waters | Chief Executive Officer
Paul Baron | Chief Financial Officer
William Bullock | President, Minto Communities USA
Michelle Calloway | Senior Vice President of Operations
Marie-Hélène Labbé | General Counsel and Corporate Secretary
Glen MacMullin | Chief Investment Officer, Minto Group
Rhonda Oshier | Senior Vice President, Finance
Anca Preda | Vice President, Information Technology
Brent Strachan | Chief Operating Officer
Steve Svopa | Division President, Operations, Minto Communities USA
Jo-Ann Taylor | Chief Corporate Services Officer

References

Minto: New Homes and Condos for Sale | Apartments for Rent | Minto Group
Minto Group | Wikipedia
Minto – Overview, News & Similar companies | ZoonInfo
Minto Group Inc. | LeadIQ
Minto Communities | Builder Magazine
Minto Group Company Profile | Craft.co
Minto Group | Crunchbase
Minto Group INC – Toronto | Connect Asset Management
Minto Group Inc | Indeed
Minto Group – New Home Developer and Builder | Livabl
Minto Group Releases 16th Annual Sustainability Report | Yahoo Finance
Minto Group Information | Rocket Reach
Minto Group | The Org

200-180 Kent Street, Ottawa, Ontario, K1P 0B6, Canada

Website https://www.minto.com/

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