Ontario Apartment Markets
SVN Rock Advisors Inc., Brokerage is the pioneer in bringing institutional services to the mid-market (6 to 80 units) and elevated services to institutional brokerage of (120 to 1000 units) apartment buildings.
We have over 25 years of experience servicing the mid-market, brokering, consulting, advising, and creating feasibility studies.
If you are the owner and want to sell or buy, 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
During a period of extended volatility in the stock market, investors have found stronger and more stable returns from the apartment
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
In the past decade, one market limiting factor was low interest rates. While these favored investors buying apartment stock, it was a considerable incentive for renters to defect to homeownership. While interest rates remain low, however, there are signs that the frenzy of home buying has abated.
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 homeownership.
Growing Confidence in the Industry
The maturing of the Ontario apartment market is illustrated in the growth and increased sophistication of investment within it. The industry is evolving from its long tradition of private development, ownership, and management, with the emergence of institutional and corporate investors and large portfolios of apartment stock. New organizations, including the Federation of Rental Housing Providers in Ontario (FRPO) and the Greater Toronto Apartment Association (GTAA), as well as conferences like the Canadian Apartment Investment Conference, have advanced professional standards in
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.
INTERESTED IN NEW APARTMENT CONSTRUCTION IN THIS REGION?
Global Director Buildings
Mansoor Kazerouni is an Architect with over 27 years of experience and a significant portfolio of projects completed or underway across Canada, the United States, the UAE, Jordan and India. These include high density high-rise residential buildings, hotels, office, retail, institutional, and complex urban mixed-use developments. A number of these projects have been nominated for and received Urban Design and Architectural Design awards.
Mr. Kazerouni is the Global Director of Architecture at IBI Group, leading a team of over 1,400 Architects, designers and Engineers located in 60 offices worldwide.
Mr. Kazerouni has been a guest lecturer on the subject of architecture and mixed-use design at universities, conferences and various panels. He has also been interviewed on the subject by newspapers, architectural publications, television and other media.
Mr. Kazerouni's abilities and expertise in his field have been recognized by his appointment to the City of Mississauga's Urban Design Advisory Panel, the City of Markham’s Urban Design Advisory Panel and the City of Vaughan's Urban Design Advisory Panel. He is also a past Advisory Board Member of the Urban Land Institute, a member of the Ontario Association of Architects, the Alberta Association of Architects, the Nova Scotia Association of Architects, the Architects Licensing Board of Newfoundland and Labrador, and a member of the Royal Architectural Institute of Canada. He has testified as an expert witness at the Ontario Municipal Board and at Arbitration Hearings related to development sites.
Darryl McCullough CCIM SEC
Broker - Royal LePage Lakes of Muskoka Realty Inc., Brokerage
President - Crescent Equity Management Inc.
Since 1972, I have been given the opportunity to interact with seasoned partners and clients in structuring and organizing both simple and complex real estate transactions involving acquisition, disposition, finance, and consulting in Canada and throughout the United States. It has trained me to bring a unique, personal client-centered approach to each assignment, from simple to complex transactions and the diverse clientele who own them.
In 1984 I received the Certified Commercial Investment Member, CCIM, designation (www.ccim.com); an internationally recognized identity confirming amortized knowledge in the disciplines of investment, development etc.
Another prominent membership I thankfully am able to continue holding is with the U.S. based Society of Exchanges Counselors (www.secounselors.com). This organization shares my belief in pursuing and demonstrating problem solving techniques in the real estate industry based on proven principles of integrity, professionalism, and accountability. Through this organization I continue to dedicate myself to what is true in the discipline of real estate problem solving.
Technology coupled with a learned research and analytical skill set now allows me to carry out these functions with selected projects from my adopted Muskoka home.
I continue to maintain an ever changing “student” learning status not only related to the physical asset, but equal or more importantly, drawing out corporate/personal situations and objectives and then knitting together ultimate benefit packages based on creative solutions via time honoured formulas.