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Jesta bets on Toronto condos with initial bulk buy

Deal for new units near Toronto Metropolitan University part of company's plan to acquire more than 1,000 condo units
Jesta Group, headquartered at this office complex that they helped build in Montreal at Saint Hubert and Notre Dame, is committing money to the Toronto condo market. (Olivier Gariépy/CoStar)
Jesta Group, headquartered at this office complex that they helped build in Montreal at Saint Hubert and Notre Dame, is committing money to the Toronto condo market. (Olivier Gariépy/CoStar)

A family-owned real estate firm based in Montreal has begun its first push into Toronto’s residential market, buying a bulk condominium portfolio downtown as the opening move in a larger $500 million investment strategy.

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