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My name is Derek Lobo, and I am the CEO for ROCK Advisors Inc., a boutique apartment brokerage that is an Ontario-based commercial real estate firm with an exclusive focus on apartment brokerage services. We take a unique approach to buying and selling apartments, we cooperate with other brokers, we leverage the Internet and technology, and, we focus on buyer representation and seller representation depending on the client's needs. I have been a leading Apartment Marketing Specialist across North America for over 20 years. I am available to consult and speak and I have spoken at Real Estate Forums, PM Expos, Ontario Real Estate Association, Multi-Housing World, the National Multi-Housing Council and at trade shows and conferences across North America. I offer practical strategic solutions and proven industry specific techniques for increasing occupancy and asset value in the multi-residential industry.
Toronto Star business writer Susan Pigg has been doing fantastic work highlighting the gains the purpose-built rental apartment sector has made in the past seven years. She's written another article which appeared in Saturday's Star that's well worth a read. I was quite pleased to help out as I could.
A new construction technique promises to revolutionize the construction of apartment buildings in cities across Canada. Applying wood frame construction to six-storey mid-rise apartments offers developers, cities and residents opportunities for increased density housing at more affordable rates. Here are five reasons why this technique promises to change the face of our cities.
Construction progresses on 23-storey extension of downtown residential high rise. A 1970s era apartment building on Isabella Avenue is about to be twinned!
Rock Advisors Inc., Brokerage is very proud to announce the creation of its National Student Housing Group. This group brings together a team of brokers with long experience in the realm of purpose-built student housing. The members of the National Student Housing Group are excited about the student housing marketplace, and are looking forward to conveying the opportunities in that marketplace to the purpose-built rental apartment industry.
Private off-campus student housing is an exciting marketplace within the purpose-built rental apartment sector, full of opportunities, but investors need to be aware of its unique features that challenge managers of such developments. When designing student housing developments, one question an investor should consider is whether to provide furnished apartments, over the more conventional unfurnished models.
Hard though it is to believe, it's only been around 110 years since the first purpose-built rental apartment building in Toronto opened its doors to tenants. People had rented rooms before, but these tended to be boarding houses, or portions of subdivided homes. These places did not have the best of reputations, so the new St. George Mansions was a bold experiment, catering to middle class professionals including lawyers and doctors.
How would you like to rent a place in Willison, North Dakota? In addition to wide prairie views, an "entry level" apartment can be yours for just $2,394 per month. New York's entry level apartments come in at $1,504.
We've already talked how apartments are in fashion for aging boomers and young urban professionals alike. Looking to the future, it's clear that these factors aren't going away anytime soon. As boomers get older, the empty-nest phenomenon is going to increase. As for young urban professionals, they are likely to look towards starting families in the next few years, but trends indicate that families are having fewer children, and families are waiting longer to have children.
Toronto is the fifth largest city in North America, and it and the province of Ontario have approximately 25,000 apartment buildings. By population and market size alone, Ontario is a major player in the North American economy. And yet most of Ontario’s apartment stock was built prior to 1975. Toronto has one of the oldest and most run-down rental apartment stock on the continent. It does not have to be this way. A long history of punitive rent controls has ended, and new apartment buildings are not rent controlled.
Welcome to the New ROCK Website. After countless hours of effort, our folks in IT have put together something wonderful. It's attractive, bold, and (in my opinion) much easier to navigate. And it is loaded with a lot of useful information. That was our intention from the start...