Teagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.
Vamvakas is remembered by his company as a “visionary leader whose entrepreneurial spirit and dedication laid the foundation for Greybrook ”announced the passing of their founder Elias Vamvakas , who passed at age 65 after fighting a “courageous battle” with pancreatic cancer.as a “visionary leader whose entrepreneurial spirit and dedication laid the foundation for Greybrook ” as well as for being a “devoted family man Guided by principles of integrity, compassion, and excellence.
The Canadian private equity firm’s founder immigrated to Canada from Greece in 1966 before getting his start as a salesperson at, North America’s largest laser eye correction centre, with Dr. Jeffrey Machat. Following this success, Vamvakas was identified as one of Canada’s Top 40 Under 40 in 1996. More than 20 years ago, Vamvakas founded Greybrook, a leading Toronto-based private equity firm with a focus on real estate development. There, he served as Chairman and Partner until his death.
“Words cannot describe the immeasurable impact that Elias has had over his distinguished career on those who had the privilege of building businesses with him and knowing him personally,” said Peter Politis, CEO of Greybrook Realty Partners. “He will be deeply missed, but his principles and intentions will live on, guiding our business decisions and honouring his spirit of entrepreneurship, partnership, and doing what is right.
Residential builders already have to overcome numerous obstacles just to get shovels in the ground, and municipalities that push the envelope with their own green building standards will only make it even more difficult to meet housing targets.Month-over-month, the decrease actually represented the largest decline since early 2021 – during the pandemic – and defies the typical summer trend of rising rents.
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