Ontario requires members of its Legislative Assembly (MPPs) to disclose property they own, sources of income and investments. These disclosure forms are publicly available. 

The Maple has gone through each of these disclosure forms and identified what MPPs (and/or their spouses/partners) fit into one or more of the following categories:

  • 1) “landlord”; 
  • 2) “non-residential property” (owning any property other than their personal residence); 
  • 3) “other real estate investment” (such as investments in real estate investment trusts). 

These MPPs, along with their constituency and political affiliation, have been listed in the chart below. If your MPP does not appear in the chart, they did not meet the criteria. This chart is based on the most recent disclosure these MPPs made as of April 23, 2026, and their situation may have changed since.

Each MPP has also been categorized in the chart based upon which of the three cases above they best fit into. Some fit into multiple categories, and in that case they are categorized according to the earliest option. For example, an MPP who is a landlord but also has farmland would be categorized as “landlord.” 

An asterisk is included beside the MPP’s name if their categorization is due solely to someone other than them on their disclosure form, such as a spouse. 

We took all items in the disclosure forms into consideration for this article.

In addition to the table, The Maple has listed all relevant details from each MPP’s disclosure form and provided a link back to it. 

We included “(spouse)” beside the type of real estate involvement in this section if the disclosure form attributes it to said person.

When sharing anything from this article, please do link back to it. In addition, consider becoming a Maple member and/or making a one-time donation so we can continue putting out this sort of valuable resource. 

Here’s what we found.


A table of Ontario MPPs invested in real estate. Click on the image to redirect to a searchable copy

Disclosures for all of Ontario’s 123 sitting MPPs were available at the time this data was collected. One seat in the Legislative Assembly was vacant. 

About 34 per cent of Ontario’s MPPs met the criteria for inclusion in this article (42 of 123 MPPs), including Minister of Municipal Affairs and Housing Rob Flack and 38 per cent of cabinet in general.  

Here is a breakdown by party:

  • Green: 1 MPP included (50 per cent of caucus)
  • Liberal: 3 MPPs included (21 per cent of caucus)
  • NDP: 3 MPPs included (12 per cent of caucus)
  • Progressive Conservative (PC): 35 MPPs included (44 per cent of caucus)

Disclosure Excerpts

Deepak Anand | Teresa Armstrong | Bob Bailey | Peter Bethlenfalvy | Will Bouma | Robert Cerjanec | Raymond Cho | Stan Cho | Aislinn Clancy | Lorne Coe | Rudy Cuzzetto | Andrew Dowie | Doug Downey | Jill Dunlop | Lee Fairclough | Vic Fedeli | Rob Flack | Chris Glover | Hardeep Grewal | Silvia Gualtieri | Zee Hamid | Ernie Hardeman | Sylvia Jones | John Jordan | Logan Kanapathi | Michael Kerzner | Anthony Leardi | Todd McCarthy | Karen McCrimmon | Billy Pang | Natalie Pierre | Stephen Pinsonneault | Nolan Quinn | Greg Rickford | Sheref Sabawy | Amarjot Sandhu | Donna Skelly | David Smith | Laura Smith | Michael Tibollo | John Vanthof | Paul Vickers




Deepak Anand

  • “Rental income”
  • “Vacant lot: Blue Mountain, ON – 100% interest”
  • “Vacant lots: Georgina, ON – 100% interest; India – 100% interest.” (spouse)



Teresa Armstrong

  • “Rental income”
  • “Investment properties: Residential, London, ON – 50% interest; Residential, London, ON – 50% interest”
  • “Rental income” (spouse)
  • “Investment properties: Residential, London, ON – 50% interest; Residential, London, ON – 50% interest” (spouse)



Bob Bailey

  • “Investment and registered accounts: Sector-specific fund – Real Estate Investment Pool ISC.”



Peter Bethlenfalvy

  • “Rental income”
  • “Rental income” (spouse)
  • “Investment property: Residential, Naples FL – 100% interest” (spouse)



Will Bouma

  • “Rental income”
  • “Investment property: Residential, St. George, ON – 50% interest”
  • “Rental income” (spouse)
  • “Investment property: Residential, St. George, ON – 50% interest” (spouse)



Robert Cerjanec

  • “Rental income”
  • “Investment properties: Residential, Toronto, ON – 100% interest; Residential, Toronto, ON – 100% interest”
  • “Units – Allied Properties REIT, Northwest Healthcare Properties REIT, RioCan REIT, SmartCentres REIT”



Raymond Cho

  • “Rental income”
  • “Investment property: Residential, North York, ON – 33% interest (property purchased in 2015)”
  • “Rental income” (spouse)
  • “Investment property: Residential, North York, ON – 33% interest (property purchased in 2015)” (spouse)



Stan Cho

  • “Real Estate Commissions – Royal LePage New Concept (commissions were for sales activities carried out prior to 2018)”
  • “Rental income”
  • “Investment properties: Residential, Toronto, ON – 100% interest; Residential, Scarborough, ON – 100% interest; Residential, Toronto, ON – 50% interest”
  • “Investment property: Residential, Toronto, ON – 50% interest” (spouse)



Aislinn Clancy

  • “Rental income”
  • “Rental income” (Spouse)



Lorne Coe

  • “Shares – Equity Residential”



Rudy Cuzzetto

  • “Rental income” (spouse)
  • “Investment property: 6 commercial and residential units, Montreal, QC – 50% interest” (spouse)



Andrew Dowie

  • “Rental income” (spouse)
  • “Investment property: Residential, Essex, ON – 100% interest” (spouse)



Doug Downey

  • “Private company – Newfirm Investments Inc. (Holding company that leases property to law firm, Downey Tornosky Lassaline & Timpano Law Professional Corporation.) – 25% interest”



Jill Dunlop




Lee Fairclough

  • “Rental income (from recreational property)”
  • “Rental income (from recreational property)” (spouse)



Vic Fedeli

  • “Vacant lot: North Bay, ON – 50% interest”
  • “Vacant lot: North Bay, ON – 50% interest” (spouse)



Rob Flack

  • “Income – Flack Farms”
  • “Flack Farms (hobby farm – cattle production & lumber) – 50% interest (active)”
  • “Investment property (Flack Farms): Three parcels of land – Pembroke, ON; WIL CON 18 E; WIL CON 18 W. – 50% interest”
  • “Flack Farms (hobby farm – cattle production & lumber) – 50% interest (active)” (spouse)
  • “Investment property (Flack Farms): Three parcels of land – Pembroke, ON; WIL CON 18 E; WIL CON 18 W. – 50% interest” (spouse)



Chris Glover

  • “Rental income”
  • “Investment properties: Residential, Toronto, ON – 100% interest; Residential, Montreal, QC – 1% interest”



Hardeep Grewal

  • “Rental income”
  • “Real Estate Commissions – Real Estate Hut (commissions were for sales activities carried out prior to 2022)”
  • “Investment properties: Residential, Toronto, ON – 100% interest; Residential, Waterloo, ON – 100% interest”



Silvia Gualtieri

  • “Investment property: Residential, Mississauga, ON – 25% interest”
  • “Investment property: Residential, Mississauga, ON – 25% interest” (spouse)



Zee Hamid

  • “Rental income”
  • “Investment property: Residential, Milton, ON – 100% interest”
  • “Rental income” (spouse)



Ernie Hardeman

  • “Units – Hazelview Four Quadrant Global Real Estate Partners Trust, Starlight Private Global Real Assets.”



Sylvia Jones

  • “Units – CT REIT” (spouse)



John Jordan

  • “Rental income”
  • “Investment property: Commercial/Residential, Smith Falls, ON – 50% interest”
  • “Rental income” (spouse)
  • “Investment property: Commercial/Residential, Smith Falls, ON – 50% interest” (spouse)



Logan Kanapathi

  • “Rental income”
  • “Investment properties: Residential, Keswick, ON – 100% interest; Residential, Markham, ON – 50% interest”
  • “Rental income” (spouse)
  • “Investment property: Land (vacant lot), Beaverton, ON – 9.6% interest; Residential, Markham, ON – 50% interest” (spouse)



Michael Kerzner

  • “Units – True North REIT” (spouse)



Anthony Leardi

  • “Rental income”
  • “Investment properties: Commercial, Essex, ON – 50% interest; Residential, Amherstburg, ON – 50% interest”
  • “Guarantor for Harrow Business Office – Bank of Montreal”
  • “Offices and Directorships – Secretary Treasurer – Harrow Business Office Inc.”
  • “Investment properties: Commercial, Essex, ON – 50% interest; Residential, Amherstburg, ON – 50% interest” (spouse)
  • “Private companies: Harrow Business Office (real estate) – 55% interest (active)” (spouse)
  • “Guarantor for Harrow Business Office – Bank of Montreal” (spouse)



Todd McCarthy

  • “Rental income”
  • “Investment properties: Residential, Ajax, ON – 50% interest; Residential, Tiny Township, ON – 100% interest”
  • “Investment properties: Residential, Ajax, ON – 50% interest” (spouse)



Karen McCrimmon

  • “Rental income”
  • “Investment properties: Residential, Ottawa, ON – 50% interest; Residential, Woodlawn, ON – 50% interest”
  • “Rental income” (spouse)
  • “Investment properties: Residential, Ottawa, ON – 50% interest; Residential, Woodlawn, ON – 50% interest” (spouse)



Billy Pang

  • “Rental income”
  • “Investment properties: Residential, Toronto, ON – 50% interest; Residential, Aurora, ON – 50% interest”
  • “Rental income” (spouse)
  • “Investment properties: Residential, Toronto, ON – 50% interest; Residential, Aurora, ON – 50% interest” (spouse)



Natalie Pierre

  • “Rental income”
  • “Units – Boardwalk REIT, First Capital REIT”
  • “Investment property: Residential, Burlington, ON – 50% interest”
  • “Rental income” (spouse)
  • “Units – Boardwalk REIT, First Capital REIT” (spouse)
  • “Investment property: Residential, Burlington, ON – 50% interest” (spouse)



Stephen Pinsonneault

  • “Rental income”
  • “Investment properties: Residential, Thamesville, ON – 100% interest; Residential, Thamesville, ON – 100% interest; Commercial, Thamesville, ON – 100% interest”



Nolan Quinn

  • “Rental income”
  • “Investment property: Residential, Cornwall, ON – 100% interest”



Greg Rickford

  • “Investment and registered accounts: Sector-specific fund – Mortgage Company of Canada; Units – Centurion Apartment REIT, Rise Properties Trust”
  • “Investment and registered accounts: Sector-specific funds – Mortgage Company of Canada, YTM Capital Mortgage Income Fund Class F.; Units – Rise Properties Trust, Centurion Apartment REIT” (spouse)



Sheref Sabawy

  • “Rental income”
  • “Investment properties: Residential, Mississauga, ON – 50% interest; Residential, Waterdown, ON – 50% interest; Residential, Burlington, ON – 50% interest”
  • “Investment properties: Residential, Mississauga, ON – 50% interest; Residential, Waterdown, ON – 50% interest; Residential, Burlington, ON – 50% interest” (spouse)



Amarjot Sandhu

  • “Rental income”
  • “Investment property: Residential, Brampton, ON – 50% interest”
  • “Rental income” (spouse)
  • “Investment property: Residential, Brampton, ON – 50% interest” (spouse)



Donna Skelly

  • “Private company: 1000201606 Ontario Inc. (real estate) – 70% interest (active)”
  • “Guarantor for 1000201606 Ontario Inc.”



David Smith

  • “Investment and registered accounts: Sector-specific fund – Dynamic Global Real Estate Fund”



Laura Smith

  • “Investment and registered accounts: Units – BSR REIT, Canadian Apartment Properties REIT”
  • “Investment and registered accounts: Units – Canadian Apartment Properties REIT, BSR REIT, Granite REIT, Killam Apartment REIT” (spouse)



Michael Tibollo

  • “Guarantor for Silvana Tibollo, Immobiliare MSF Inc. – IC Savings”
  • “Guarantor for Tri-Matrix Corporation – Moya Financial Credit Union”
  • “Private companies: Yonge Street Holdings Limited – Real Estate – 100% interest (active). Yonge Street Holdings has a lease agreement with the Ministry of Public and Business Service Delivery; Immobiliare MSF Inc. – Real Estate – 100% interest (active); Tri-Matrix Corporation – Real Estate – 100% interest (active)” (spouse)
  • “Guarantor for Yonge Street Holdings Limited – Moya Financial Credit Union.” (spouse)
  • “Guarantor for Immobiliare MSF Inc. – IC Savings.” (spouse)



John Vanthof

  • “Agricultural property: Lots 8 and 9 Concession 1, Evanturel, ON – 50% interest.”
  • “Rental income” (spouse)
  • “Agricultural properties: Lots 8 and 9 Concession 1, Evanturel, ON – 50% interest; Evanturel, ON (separate parcel) – 100% interest”



Paul Vickers

  • “Farming income (dairy, beef sales and cash crops)”
  • “Assets: Dairy farm – 100% interest (active)”
  • “Investment property (dairy farm): – 6 properties, Meaford Ontario”
  • “Units – Brookfield Infrastructure Partners LP, Northwest Healthcare Properties REIT” (spouse)



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