The Canada Life Assurance Company issues C$73.3M CMHC-insured first mortgage loan to Morguard NAR (Ontario) Holdings Limited

On June 17, 2026, The Canada Life Assurance Company provided a CMHC-insured first mortgage loan of approximately C$73.3 million to Morguard NAR (Ontario) Holdings Limited, a member of the Morguard North American Residential REIT group (the "Borrower"). The loan was secured by a first charge over the multi-unit residential rental properties municipally known as 41-53 and 95-115 Generation Boulevard in Toronto. The financing refinanced existing indebtedness, including the payout of an existing facility with The Toronto-Dominion Bank, and advanced net proceeds to the Borrower.

McCarthy Tétrault LLP advised The Canada Life Assurance Company with a team led by Tzen-Yi Goh that included Damiana Pavone, supported by law clerk Onieka Austin and legal assistant Aura Balgua (Real Property and Planning).