STAFFORD AND DBS DEVELOPMENTS ANNOUNCE ANOTHER STRATEGIC PARTNERSHIP TO DELIVER LUXURY PURPOSE-BUILT RENTAL RESIDENCES IN FOREST HILL
As the second partnership between Stafford and DBS Developments, 429 Walmer will bring over 230 luxury purpose-built rental residences to one of Toronto's most coveted neighbourhoods, steps from Forest Hill Village
TORONTO, Sept. 29, 2026 /CNW/ -- Two of Toronto's most established residential development companies, Stafford and DBS Developments, today announced a second strategic partnership to deliver a new luxury purpose-built rental community at 429 Walmer Rd. in Toronto's prestigious South Forest Hill neighbourhood. Located just north of St. Clair Avenue West, the 27-storey community will bring over 230 thoughtfully designed rental residences to one of Toronto's most coveted and well-connected neighbourhoods.
The announcement marks the second Toronto partnership between Stafford and DBS Developments, following their June 2026 announcement of a 524-residence purpose-built rental community at 11-21 Johnston Avenue in the Yonge and Sheppard neighbourhood. The two companies are continuing to pursue opportunities to bring high-quality, professionally managed rental residences to established Toronto neighbourhoods where demand for larger, well-designed rental living remains strong.
Location is at the heart of 429 Walmer. Situated in South Forest Hill, the project is steps from Forest Hill Village, placing future residents within easy reach of the neighbourhood's acclaimed boutiques, restaurants, cafés, grocery stores and everyday services. The address also offers immediate access to the St. Clair West subway station and the St. Clair streetcar, providing seamless connections throughout the city while maintaining the quiet, established character and residential appeal that define Forest Hill.
The Walmer Road address offers a rare combination of neighbourhood prestige, connectivity and convenience. Residents will be able to enjoy the best of Forest Hill Village on foot, while being minutes from Toronto's broader network of employment, culture, dining and entertainment. The site's location within an established residential community, surrounded by a mix of mid- and high-rise buildings and mature low-rise streetscapes, further reinforces its appeal as a place to live for the long term.
429 Walmer will be designed by BDP Quadrangle and comprise a nine-storey podium with landscaped terraces supporting an eighteen-storey tower above. The building has been designed to respond thoughtfully to its Forest Hill context, with the massing stepping down toward the surrounding neighbourhood and landscaped terraces helping to integrate the building into the streetscape.
A defining feature of 429 Walmer is the size and variety of its residences. A significant portion of the residences will be two-bedroom plus den or three-bedroom residences, reflecting a deliberate focus on providing larger rental options in a market where family-sized rental residences are increasingly difficult to find. There will be no studio residences, while some residences will exceed 1,500 sq. ft. The project will also provide nearly 13,000 sq. ft. of indoor and outdoor amenity space, including a landscaped 5,000-square-foot courtyard at grade and an additional amenity terrace on the tenth floor.
"We are very excited to be partnering with DBS to bring 429 Walmer to one of Toronto's most desirable neighbourhoods. Forest Hill is an exceptional community, and the opportunity to create purpose-built rental residences steps from Forest Hill Village, the subway and the St. Clair streetcar is incredibly compelling," said Jonathan Goldman, President of Stafford. "We are also proud to be delivering residences that are intentionally larger and thoughtfully designed, giving people the opportunity to enjoy the space and quality they are looking for in a neighbourhood they love. We look forward to continuing this partnership with a project that we believe will bring incredible value to the Forest Hill community."
429 Walmer brings more than 120 years of combined development, construction and residential management experience to one of Toronto's most established neighbourhoods. Stafford and DBS Developments share a belief that rental living should offer the same quality, space and care as the city's finest ownership homes. It is a standard reflected in Stafford's condominium residences and in DBS Developments' experience with properties such as 2Fifteen, a Forest Hill community recognized as one of Toronto's first true luxury purpose-built rental communities. From planning and construction through to day-to-day operations under DBS Communities, the partners will bring a shared focus on thoughtful design, quality materials, attentive service and long-term community building.
"DBS Developments is proud to be partnering with Stafford on 429 Walmer and to bring our experience in creating exceptional rental communities to such an established Forest Hill address," said Bryan Levy, CEO of DBS Developments. "429 Walmer will be a natural extension of what we have created at 2Fifteen, and future residents can expect that same commitment to exceptional quality, thoughtful design and elevated resident service that has become a hallmark of the DBS Communities experience. With its larger residences and location steps from Forest Hill Village, 429 Walmer offers an opportunity to create a rental community that combines the space people are looking for with the level of service they expect. We're proud to continue growing our partnership with Stafford and look forward to bringing this community to life."
429 Walmer has received Committee of Adjustment approval for the new design and is now in the final stages of Site Plan Approval.
About Stafford
Stafford is a fully diversified private real estate development, construction, and asset management company with more than 60 years of experience across Canada and the United States. The company's vertically integrated platform spans land development, construction management, property management, and long-term investment, with an active portfolio across residential, commercial, retail, and mixed-use asset classes.
Stafford develops and manages a broad range of asset types, from purpose-built rental and high-rise residential communities to commercial and retail development and operations. Recognized as one of the GTA's most experienced and multi-disciplined real estate organizations, the company is guided by a commitment to disciplined development, rigorous asset stewardship, and the creation of lasting value across every project it undertakes.
For more information, visit www.stafford.ca
About DBS Developments
DBS Developments functions as a fully integrated real estate development company specializing in designing, developing, constructing, and professionally managing purpose-built rental properties. Named after founder David Bela Salomon, DBS brings its communities to new heights, working hand-in-hand with its in-house property management team to handle all aspects of property operations to deliver exceptional customer service to residents. With over 60 years and three generations of development and management experience, DBS Developments set out to create a new standard for residential communities and has assembled an unparalleled team to bring their vision together.
For more information, visit www.dbsdevelopments.ca
SOURCE Stafford and DBS Developments
Media Contact: Victoria Baker, [email protected]
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