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OAKVILLE, Ontario, Nov. 05, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (“Fengate”) celebrated the official groundbreaking of a new seniors’ community located at 1105 McCraney Street East (McCraney) in the heart of Oakville, one of Canada’s most desirable and high-growth communities for retirement living.
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McCraney is a LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) project, developed in partnership with Fengate, Seasons Retirement Communities (Seasons), and The Hi-Rise Group. The project represents the first GTA-based development in the growing Seasons portfolio, which currently includes 15 retirement residences in Ontario, eight residences in Alberta, and two in British Columbia, with more currently under development.
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The six-storey, 221-unit residence will offer Independent Supportive Living (ISL) and Memory Care (MC) suites, providing a full continuum of care under one roof. This “aging-in-place” model reflects Fengate’s ongoing commitment to investing in and developing a broad range of accessible and high-quality housing solutions for Canadians.
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The groundbreaking ceremony featured remarks from Victoria Mancinelli, Director, Public Relations, Marketing and Strategic Partnerships, LPFCEC, Mayor Rob Burton from the Town of Oakville, and Michael Lavallée, Chief Executive Officer, Seasons Retirement Communities. The ceremony concluded with an official groundbreaking attended by project partner representatives and officials from the Town of Oakville.
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“On behalf of LiUNA, we are thrilled to break ground on another project that advances our mission to provide Canadians with housing that supports them at every stage of their lives,” said Joseph Mancinelli, Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada. “With every new development, we are building a resilient residential market, creating good jobs for union members, and affecting positive change in the lives of the vital and growing senior community in our country.”
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Located in Northeast Oakville with access to a network of parks and recreational trails, the site benefits from strong local demographics with a growing senior population that is expected to increase by about five per cent annually over the next decade, exceeding the national growth rate.
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“Canada’s aging population is growing rapidly, and the demand for senior housing is outpacing supply,” said Jaime McKenna, President, Fengate Real Estate. “At Fengate, we see this as both a responsibility and an opportunity. We are committed to building communities that elevate the standard of living for seniors across the country. Through future-ready developments like McCraney, we’re helping close the gap and creating spaces where aging Canadians can thrive with dignity, connection, and care.”
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The approximately 200,000 square-foot development will include large suite sizes with a mix of studio, one-bedroom, and two-bedroom units. The design aims to elevate the senior residential experience, incorporating spacious apartment-style layouts, ground-floor amenities, and vibrant communal spaces to foster engagement and connection.
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