Toronto Regional Real Estate Board Releases Q3 Rental Market Report

TORONTO, Oct. 23, 2020 (GLOBE NEWSWIRE) — Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 14,036 condominium apartment rentals through TRREB’s MLS® System during the third quarter 2020. This was an increase of 30.2 per cent over Q3 2019.

The number of condominium apartments listed for rent at some point during Q3 2020 was up by 113.9 per cent compared to Q3 2019.

“Demand for condo rentals was very strong in the third quarter, with a record number of quarterly transactions reported. However, during the same period, the number of units listed more than doubled compared to last year. Many investor-owners took their units out of the short-term rental market, due to stricter regulations and the COVID-19-related tourism downturn, and made them available in the traditional rental marketplace. The result was more choice and more negotiating power for renters,” said Ms. Patel.

The

Read More

Toronto Regional Real Estate Board Releases Q3 Condominium Report

TORONTO, Oct. 23, 2020 (GLOBE NEWSWIRE) — Toronto Regional Real Estate Board President Lisa Patel announced that third quarter 2020 condominium apartment sales reported by Greater Toronto Area REALTORS® totalled 7,072 – up 10.5 per cent from Q3 2019.

The number of new listings in Q3 2020 amounted to 17,613 – an 84.6 per cent increase over Q3 2019. Active listings at the end of Q3 were more than double that reported the same time last year.

“The condominium apartment segment experienced the second best third quarter on record in terms of sales and the best third quarter on record in terms of the average selling price. However, while the pace of year-over-year condo sales and price growth remained strong, it was lower than that reported for low-rise home types. The condo market became much better supplied as many investors moved to sell their units, due in part to softer

Read More

One Family Property Releases Acquisition Activity Update

BLOOMFIELD HILLS, Mich., Oct. 16, 2020 /PRNewswire/ — OFP Real Estate, LLC (a/k/a One Family Property) (“OFP”) announced today that is has acquired approximately $18,000,000 of Net Lease real estate investments around the country thus far in 2020. With a robust pipeline of over $40,000,000 in acquisitions for the remainder of the year, One Family Property is committed to providing their investors, partners, and clients with unparalleled real estate opportunities. One Family Property was founded in early 2020 by Aaron Baum and Jason Fisher.

The OFP acquisition pipeline includes net leased opportunities to a variety of credit back retailers and other tenant-users.  

About One Family Property:

OFP Real Estate, LLC (a/k/a One Family Property) (“OFP”) is a real estate investment firm based in Bloomfield Hills, Michigan which commenced business in early 2020. The company is primarily engaged in the acquisition of properties leased to industry-leading retail tenants.

In

Read More