CIM is a diversified organization whose primary focus is on real estate development, mining, high technology development and merchant/investment banking opportunities. Headquartered in Markham, CIM is one of the largest and fastest growing companies established by Chinese Canadians and is one of only two Canadian real estate development corporations traded on the CSE.
The company’s first Canadian residential project, Mackenzie Creek, is located at the intersection of Major Mackenzie Drive East and Markham Road. The ground-breaking ceremony took place June 14.
Phase I contains 195 freehold townhouses, which is expected to be a centrepiece of the Bur Oak boutique community. The unique designs and attractive selling prices resulted in the sale of 70 per cent of units within only one week.
CIM president Robert Parent mentioned that Mackenzie Creek is only the first of a number of projects that CIM will develop over the next few decades.
Parent comes quite prepared to lead the company to further success. He has launched a number of programs for one of Canada’s largest banks and worked for a company that developed the technology to simplify the international space station build.
Building in Markham should be a breeze for him and his team.
Photo (l-R): Sam Huang, Mayor Frank Scarpitti, CEO of CIM Jerry Feng and president of CIM Robert Parent.