Active Pipeline
Alberta development corridor.
CAST3 targets a defined set of secondary Alberta markets with structural housing undersupply, established population growth, and achievable development economics. The platform is built to execute the same model repeatedly — not to solve for one-off execution challenges.
Active Projects
Current development activity.
Fort Macleod, Alberta
Development ImminentMunicipal approvals in place. Precast panel production specified. Construction mobilization underway.
- First project in the CAST3 Alberta corridor platform
- Secondary market with minimal new purpose-built rental supply
- Precast structural system designed and entering production
- Lease-up program to launch concurrent with construction completion
Olds, Alberta
Planning UnderwaySite secured. Development planning underway. Repeatable Fort Macleod building design to be applied.
- Highway 2 corridor community — strong employment base
- Sub-3% rental vacancy; limited new supply in the market
- Standardized building design from Fort Macleod carries forward
- Target construction start following Fort Macleod stabilization
Active Markets
Fort Macleod & Olds.
Both markets have been evaluated against CAST3's site selection criteria and confirmed for development. Additional markets will be announced as they are secured.
Pipeline information is provided for general context. Project details, timelines, and site status are subject to change. This does not constitute an offer to sell securities.
Site Selection
How we evaluate markets.
Secondary Alberta Markets
Communities along the Highway 2 corridor with growing populations, constrained rental supply, and constructive municipal environments. Not major urban centres where land cost and competition compress returns.
40–100 Unit Scale
Projects sized to match CMHC MLI Select parameters, the precast construction system, and the capital deployment capacity of the partnership — sized for disciplined execution, not maximized scale.
~$250K All-in Cost Per Unit
Strict cost discipline enforced through standardized building design and integrated construction. This cost position is structural — not aspirational — and is what drives the investor return profile.
Clear CMHC Refinancing Path
Every site is evaluated against CMHC MLI Select eligibility criteria from day one. The refinancing mechanism is what returns LP capital — and it shapes every development decision.
Market Context
Alberta's structural housing gap.
Alberta has among the fewest dwellings per capita of any Canadian province, with population growth accelerating and new rental construction failing to keep pace. Secondary communities along the Highway 2 corridor face acute undersupply conditions — with limited competition from institutional developers who concentrate activity in Calgary and Edmonton.
CAST3 targets these markets because of their structural supply gap. Lower land costs, constructive municipal environments, and growing rental demand create a development backdrop that is materially stronger than major urban centres — for a fraction of the competition.
Interested in participating?
Accredited investors may request the full investment overview.