Morguard Hits Construction Milestone for Mississauga Rental Project
Event summary
- Morguard Corporation reached the topping-off milestone for its 431-unit purpose-built rental development in Mississauga, now named Boulevard on the Green.
- The project comprises three mid-rise buildings (one nine-storey, two eight-storey) with occupancy expected in fall 2027.
- The development targets LEED Gold certification with features like heat-recovery ventilation and EV-ready parking.
- Morguard's portfolio was valued at $24.2 billion as of June 30, 2026.
The big picture
Morguard's progress on Boulevard on the Green underscores the growing emphasis on purpose-built rentals in Canada's high-demand urban markets. The project's LEED Gold target aligns with increasing tenant preferences for sustainable living, while its extensive amenities reflect a strategic shift toward higher-value rental experiences. With a $24.2 billion portfolio, Morguard's ability to deliver on this development will signal its capacity to execute large-scale residential projects amid rising construction costs.
What we're watching
- Execution Risk
- Whether Morguard can maintain its LEED Gold certification target while completing interior finishes by fall 2027.
- Market Demand
- How Mississauga's rental market absorption will affect Boulevard on the Green's occupancy rates post-launch.
- Sustainability Trends
- The pace at which energy-efficient features like EV-ready parking become standard in new rental developments.