Leon’s Furniture, a well-known furniture and home appliance retailer, has announced an ambitious plan to build a 4,000-home development in Toronto. The project, set to be constructed on a 40-acre site near Highways 401 and 400, signifies a significant shift in the company’s traditional business model towards real estate development. This development is aimed at addressing the housing shortage in the city and will include a mix of residential, commercial, and retail spaces. This strategic move by Leon’s highlights a growing trend of companies diversifying into real estate to leverage their land assets, especially in urban areas facing housing challenges.

Read the article in the Financial Post

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