"If it is determined to be a homicide, then our investigators from homicide will come in".
The real estate agent who had been helping to sell the pair's North York home found the bodies.
"We did not observe any signs of forced entry into the building and so at this point indications are that we have no outstanding suspect to be going after", Det.
The Shermans recently listed their home for sale for almost C$7 million ($5.4 million).
Police note that they're still in the early stages of the investigation into the deaths.
"We are treating the deaths as suspicious", Toronto Police Constable David Hopkinson said in a phone interview.
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Police did not say who made the call, while the National Post reported that the bodies were initially discovered by a real estate agent, who came to the couple's luxury mansion, which is now up for sale. The detective added that the police were still trying to "determine if there is foul play involved or not", as reported by CBC.
Hopkinson said police, fire units and ambulance responded to a "medical complaint" just before noon on Friday. But he would not say who made the call. The two people found inside were pronounced dead at the scene.
Sherman had the image of someone with a happy family life. Mr. Sherman was 75 and Ms. Sherman, 70. Sherman and his wife have four children together.
"Looking forward to getting together in Florida". Please let me know your dates south asap so i can place in my calendar. "As employees, we are proud of his tremendous accomplishments, honoured to have known him, and vow to carry on with the Apotex goal in his honour". Canadian Business magazine recently listed him as the 15th richest person in Canada, with a net worth of $4.77 billion.
One of the nation's wealthiest couples, they had given tens of millions of dollars to hospitals, universities and Jewish organisations and were fundraisers for Prime Minister Justin Trudeau's Liberal party.
A University of Toronto website lists the Apotex Foundation and the Shermans as donors in the range of $10 million to $25 million during 1995 and 2003.
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"After the post-mortems, the cause of death will be determined", he said. Mr. Feldman said the family was in a "complete state of shock" and was having trouble getting information from the police about what happened.
Officers are interviewing neighbours of the Shermans. "I am heartbroken", she said. However, they were named locally by friends and by officials who reacted with shock at the news.
"Our condolences to their family & friends, and to everyone touched by their vision & spirit", Trudeau wrote on Twitter.
Hopkinson would not confirm that the bodies are of Barry Sherman and his wife Honey Sherman. "Incredible philanthropists, great leaders in health care". A very, very sad day. The philanthropic and economic contributions they have made to Toronto put them in a class of their own.
Police said later Friday evening that they are not now seeking any suspects but are keeping an open mind on all possibilities.
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The improvised device was only partially detonated, officials said, characterizing the incident as an "attempted terror attack". He commended first responders and said there were "minor" injuries from the "essentially low tech" explosive device.