A former property of General Motors in St. Catharines located at 282-285 Ontario Street and 10 Pleasant Avenue has been cleared for a power of sale to Losani Homes by a Toronto commercial court. A superior court judge has ruled that the 54.7-acre property can be sold to the Stoney Creek-based company, that has been in business for over 40 years, by a mortgagee to begin home development on the long-standing property of GM.
The sale of the property allows for future development in the city and helps with the expected population growth that is expected over the next few years, not just in St. Catharines, but across the region.
Read more at the St. Catharines Standard
(Photo Credit: St. Catharines Standard)