Guy Cormier joins Pomerleau's board of directors. Guy Cormier was in attendance at the Leadership Summit of tomorrow, organized by Les Affaires conferences, last December. (Photo: Josée Lecompte Les Affaires) Pomerleau announced on Thursday the appointment of Guy Cormier as a director on its board, in the context of the evolution of its governance. "The presence of Guy Cormier on our board reflects the evolution of Pomerleau and the scope that our organization is taking on a Canadian scale. Beyond his experience at the head of a major financial institution, he stands out for a human, unifying leadership deeply aligned with our values," said Pierre Pomerleau, executive chairman of the board of Pomerleau, in a press release. Guy Cormier served as president and chief executive officer of the Desjardins Movement from 2016 to 2025. Pomerleau reported revenue of more than $6 billion in 2025. The company has 5,000 employees on more than 200 construction sites across Canada. This content was generated in part with the assistance of AI. Refer to articles 9.8 and 9.9 of our Usage Policy for more details. Each text is carefully reviewed, edited, and validated by the Les Affaires journalist team.

Northcrest's YZD redev project starting to become a reality. News | April 6, 2026 | Monte Stewart Canada + Apartment Buildings Northcrest Developments' massive YZD mixed-use redevelopment project in Toronto is no longer just an intriguing concept. The launch of initial enabling construction is setting the stage for the installation of of underground infrastructure and, ultimately, the buildout of the long-term redevelopment project on the former Downsview Airport lands. In other words, YZD is starting to become a reality. "It's seven years in the planning, and we're literally transitioning now from planning to construction," said Beau Brooker, Northcrest's vice-president of construction. "It's a huge milestone, not just for the Northcrest team, but for the City of Toronto as well." Montreal-base Pomerleau has been appointed as general contractor for the first phase, Toronto-based Northcrest announced previously. Spanning 370 acres, the YZD redevelopment is billed as the largest urban redevelopment project in North America. The project will transform the former airport lands into a mixed-use community designed around transit-oriented neighbourhoods, housing, employment and public space in the geographical centre of the Greater Toronto Area. "And, we're just putting the key in the door and starting to unlock it now," said Brooker."And, we're just putting the key in the door and starting to unlock it now. It's great. [These are] exciting times for us. It's great. [These are] exciting times for us." According to Brooker such city-building opportunities do not occur very often. Northcrest is now laying the groundwork for a project that will impact future generations. "The initial enabling works will be finished towards the end of the summer this year, in its totality," said Brooker. "So the enabling works is a smaller scope. Apartmentbuildings is enabling the large infrastructure project. So, the large infrastructure project comes next. That's a multi-year phase of building the veins and the arteries for the new district Apartmentbuildings is creating here. Right now, it's obviously very much infrastructure to support an airport. And, Apartmentbuildings is taking all that out and redefining all the infrastructure, be it below grade or city streets and parks, to support its new [first] future district, the Hangar District." The initial enabling-works phase will prepare the site for future vertical construction and includes building a road dedicated to construction traffic that will connect the site to a nearby major roadway, helping reduce impacts on surrounding neighbourhoods. "And so, all of our construction road is going to not travel through the local community," said Brooker. "It's going to go to a major trunk road called the Allen. we're very acutely aware. And. we have great relationships with our local neighbours. And, so we're constructing a road that all construction traffic is going to use that takes it away from the local community." The early enabling works will also include the construction of stormwater ponds to manage runoff and mitigate flooding risks, along with general site preparation and clean-up. "We're building some stormwater ponds, which are going to manage some of, obviously, the stormwater on the site and just some general site clear-up and getting rid of some airport specific infrastructure that's obviously not relative to what we're trying to achieve in the future," said Brooker. After the early-enabling works are completed in the summer, YZD will begin work on the Hangar District's main infrastructure near the end of 2026. "That in itself is going to take a couple of years," said Brooker. "But before we get to that completion, we can start going vertical and building some of our buildings in the next couple of years." The contract for the early-enabling works is separate from the deal package covering the Hangar District's main infrastructure. "We will be putting the main infrastructure package out to the street later on in the year," said Brooker. Northcrest has been holding public events at existing YZD buildings in the Hangar District area to help keep property-maintenance costs revenue-neutral. But with the early works under way and main infrastructure construction slated to start later in the year, no public events will be held this year in former airplane hangars in the Hangar District, said Brooker. Prior to joining YZD in 2025, he oversaw construction of the ICE District, a major mixed-use redevelopment in Edmonton's downtown area that included a new arena for the NHL's Edmonton Oilers. Once complete, YZD is expected to deliver approximately 35,000 homes and 23,000 permanent jobs, along with more than 70 acres of parks and public spaces across connected neighbourhoods. The development is intended to strengthen housing supply while creating a major new employment hub within Toronto. The site benefits from regional connectivity, with proximity to downtown Toronto, and North York, Ont., Vaughan, Ont., Brampton, Ont and Markham, Ont., as well as Toronto's nearby Yorkdale Shopping Centre, Toronto Pearson International Airport, three TTC subway stations and a GO station. The plan also includes a redesigned two-kilometre runway that will serve as the central spine of the community, transforming the site's aviation heritage into a major public space. Pomerleau leads the enabling-works construction in the Hangar District, the company will work alongside Northcrest and development manager Hines to prepare the site for future phases. The YZD project is expected to unfold in phases over the next three decades and is positioned by Northcrest as a major long-term investment in housing, infrastructure and employment. YZD will ultimately comprise a series of walkable neighbourhoods designed around transit, climate readiness and public space, with the goal of creating a new model for large-scale city building in Canada. Pictured: Former Downsview Airport lands on which YZD will be developed. Photo: Courtesy of Northcrest Developments

Aecon, Pomerleau and Stantec selected to deliver long-range radar system project. Posted on March 06, 2026 Defence Construction Canada has selected a consortium of Pomerleau and Aecon to deliver the Over-the-Horizon Radar (A-OTHR) Program Stage 1 project in Ontario. Under a collaborative Integrated Project Delivery model, Defence Construction Canada will act as the project owner, while the construction consortium, which also includes Stantec, will be responsible for project delivery. A validation phase will start in the first quarter of this year. A design-development phase will follow, and construction after that. The Arctic Over-the-Horizon Radar Program is part of a key NORAD modernization initiative to renew Canada's North Warning System. The program will establish a northward-aimed radar system with long-range surveillance of the northern approaches to major population centres in North America. "The Arctic Over-the-Horizon Radar Program is a critical undertaking and Aecon is primed to play a central role in delivering this essential defence infrastructure project alongside Defence Construction Canada and our partners," said Aecon Group President and CEO Jean-Louis Servranckx. The consortium's mandate includes supporting the design and delivery of critical site infrastructure for this next generation radar system. The project represents a major milestone in advancing Canada's surveillance capabilities and will be supported by environmental assessments and community engagement sessions.