Most sales occur here and most money changes hands here, so mid-market owners should never feel left out. We have over 25 years of experience servicing the mid-market, brokering, consulting, advising, and creating feasibility studies.
If you are the owner of a mid-market-sized building, you are important to us, and we want to hear from you.
We have divided the apartment mid-market into a number of territories, each serviced by well-trained professionals including a team of brokers, virtual assistants, researchers, etc..
Outlook for the Ontario Markets
Realignment in the Industry Bringing Bright Prospects for the Future
industry. As a result, more of the apartment stock within the
province is coming under the ownership of portfolios held by institutions, pension funds, private equity investors and REITs. Indeed, a total of nine REITs – Timbercreek, Boardwalk, Killam, Skyline, CAPREIT, Interrent, Mainstreet, Centurian and Transglobe – have amassed large regional and national portfolios. Brands such as Homestead, Vertica, Morguard and Minto are now prominent. Apartments have become a safe asset class, and investors are stepping forward to reap the returns.
Changes in Political Climate, Demographics and Economics
Not only has the heated housing market made renting more attractive, demographic changes favouring smaller families and people’s growing weariness of long commutes have sparked an interest in high rise living in urban centres over home ownership in the sprawling suburbs. A condominium boom is already underway in Ottawa, Toronto and Waterloo Region, but as housing prices continue to increase, more people are turning to rental units to save money up front and to live in places close to work, school and other amenities, that simply weren’t possible or affordable under home ownership.
Growing Confidence in the Industry
brokerage, lending and consulting practices.
Confidence is growing in the industry after the past five years when the performance of purpose-built rental apartment stock remained stable and consistent, especially when compared with other investment sectors. Investors have found that owning an apartment building remains a significantly less risky investment. Not only is the risk spread out among many tenants, but low-rate insured financing from the Canadian Mortgage and Housing Corporation have allowed building owners to refinance their debt at favourable rates. Buildings have been recapitalized, with landlord operations modernised and streamlined, making them increasingly attractive to REITS and corporate and institutional investors.
A poor deal in Markham isn’t better than a great deal in Niagara Falls.