Land developer and homebuilder Brookfield Homes Corp. (BHS) Friday said it intends to commence discussions with Brookfield Properties Corp. (BPO,BPO.TO) regarding a possible merger that would result in the combination of Brookfield Homes with Carma Developers, the North American residential land and housing division of Brookfield Properties with operations principally in Alberta, Colorado and Texas.
Brookfield Homes believes that the merger, if completed, would enhance the value of Brookfield Homes and Carma through the creation of a diversified North American residential land and housing company.
In addition, Brookfield Asset Management Inc., which beneficially owns around 82% of Brookfield Homes and 51% of Brookfield Properties, has indicated to Brookfield Homes that it is supportive of commencing such merger discussions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.