Minto Group is a Canadian real estate company based in Ottawa, Ontario. It builds homes in Ottawa, Toronto, Calgary, Florida, and South Carolina and manages multi-residential and commercial properties in Ontario, Alberta and British Columbia. As of 2025, Minto has built 100,000 new homes,[3] and manages $2.9 billion in assets, including 13,000 multi-residential units and 2.7 million square feet of commercial space.[4][5] The firm is one of Ottawa's largest residential landlords.[6] Minto also has a publicly traded subsidiary, holding some of its multi-residential units, called Minto Apartment Real Estate Investment Trust. Some of Minto's joint-venture partners have been with Lasalle Investment Management, Greystar, and CPPIB.
Minto Group was founded in 1955 by Gilbert, Irving, Lorry and Louis Greenberg, as a home builder.[7] It was originally called Mercury Homes, but renamed itself Minto Construction Company in 1957. Its first large development was Parkwood Hills in Nepean in partnership with Westmore Investments.[8] As part of that development, Minto built Canada's first high-rise condominium, Horizon House on Meadowlands Drive.[3] The firm developed a number of other subdivisions in the Ottawa area in the 1960s and 1970s; in 1971, three quarters of construction in Nepean was by Minto.[8]
In the early 1980s, the firm expanded to Florida.[9]
In 1991, Roger Greenberg, son of Gilbert, became CEO, after the death of his uncle Irving.[9]
In 2017, Minto Communities USA and Margaritaville Holdings announce a partnership to develop active adult communities, Latitude Margaritaville, with first location in Daytona Beach.[12]
In May 2018, Minto announced it would hold an IPO for its Canadian multi-residential properties.[13] The properties became part of a new entity, Minto Apartment Real Estate Investment Trust (REIT), which Minto Group continues to have a significant ownership stake in. The trust would initially own 4279 rental suites, 72% of which would be in Ottawa, with the intention of eventually holding all of Minto's 13,000 multi-residential units. Minto Group held the IPO in part to provide money to Minto's owners, the Greenberg family. Minto raised $200 million in the IPO, which took place on the Toronto Stock Exchange.[14] The IPO took place on June 29, 2018, with an initial price of $14.50 per share, and under the share symbol MI.UN.[15]
Named one of Canada’s Best Managed Companies in 2024 and 2025.[16]
Business
Minto Group is divided into three divisions:
Minto Apartments manages multi-residential and commercial properties, some of which have been built by Minto. Minto Apartments owns 57% of Minto Apartment Real Estate Investment Trust.[15]
Minto is a home builder in Ottawa, Toronto, and Calgary. It has built over 100,000 homes over its history. It builds both low-rise and high-rise housing, and in recent years has been building more luxury rental projects.[17] In 2015, Minto was the largest home builder in Ottawa, with 913 homes built, and 24 percent of the market.[18]
Minto Communities USA is a Florida home builder. It has built 25,000 homes over its history.[19] It was ranked as the 56th largest home builder in the United States in 2016.[19]
Minto partnered with Margaritaville Holdings to create Latitude Margaritaville, a series of retirement communities inspired by the laid-back, tropical lifestyle popularized by singer Jimmy Buffett.[20]
Minto’s CEO, Michael Waters, participated in a four-part leadership lab with The Globe and Mail.[21]
The Greenberg family, who founded and still controls the Minto Group,[9] was listed as the 74th richest people in Canada in 2017, according to Canadian Business.[7]
National Association of Home Builders (NAHB) Awards 2024 - two Silver Awards for Community of year: Up to 6 stories for both The Heights of Harmony and Park & Main. [24]
30th annual Eliant's Homebuyers’ Choice Awards, with a total of 13 wins. [25]
BILD Calgary Region Award - nominated in 6 categories, won for re-designed Design Centre in Airdrie for Best Design Centre. [26]
37th on Builder magazine's 2024 annual Builder 100 list in the USA[35]
2024 Oakville Hydro Sustainability Leader of the Year at the 29th annual Oakville Awards for Business Excellence Awards[36]
Avid Gold Award winner as production builder in Alberta with the highest customer ratings on the New Home Move-In Experience Survey[37]
2024 Ontario Home Builders' Association (OHBA) Awards for Best Back-to-Back Townhome Unit and Green Building[38]
Westlake and Latitude Margaritaville Watersound recognized among the Top 50 Master-planned Communities by RCLCO Real Estate Consulting[39]
Winner of the 2024 Greater Ottawa Homebuilder's Association (GOHBA) Production Builder of the Year award for the 2023 Minto Dream Home for the Children's Hospital of Eastern Ontario (CHEO)[40]
Winner of the 2024 Federation of Rental-housing Providers of Ontario (FRPO) MAC Award for Outstanding Company Culture[41]
Minto has demonstrated a deep and lasting commitment to community support through its long-standing partnership with the Children’s Hospital of Eastern Ontario (CHEO). Since 2001, Minto has proudly designed and built the Minto Dream Home, the grand prize in CHEO’s annual Dream of a Lifetime Lottery.[43]
This initiative has raised close to $60 million to date, directly supporting CHEO’s vital programs and services for children and families across Eastern Ontario. Each year, Minto collaborates with designers, trade partners, and suppliers to create a home that not only inspires ticket sales but also showcases innovation in sustainable living—such as the introduction of Net Zero Energy homes.[44]
1 2 3 4 5 Elliott, Bruce (1990). The City Beyond: A History of Nepean, Birthplace of Canada's Capital 1792-1990. the City of Nepean. pp.277–279. ISBN1-55036-258-5.
↑ science, Tyler Choi Business editor Tyler Choi is a journalist based in the Toronto area He has covered a wide range of sectors ranging from; technology; Environment, The; business; Policy, Government; crime; interviewed, to finance Among the many people he has; winner, his favourite was an Ig Nobel Prize. "At Weavers Way, Minto steps out into Almonte". renxhomes.ca. Retrieved 9 September 2025.{{cite web}}: |first= has generic name (help)
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US$157.088 million (2024) [1] 
US$100.571 million (2024) [2] 