“There is an acute shortage in Rental Product in Canada”  Derek Lobo, SVN; Canada’s Premiere Rental Apartment Experts

Supply and Demand make the world go around!  The less supply and the more demand drives end unit prices up – That is exactly the current state of Real Estate in the GTA. There has been a 40 year hiatus for new apartment builds. That is all changing NOW!

In the GTA there are 6M residents and immigration annually of approximately 100,000 people, in addition to family growth.  There is definitely a demand for rental product.  Studies show that across all demographics – demand exists.  Decades of focus in Ontario on residential condominiums for sale as well as low rise, single family homes, there is a shortage of newer, more modern, desirable rental product.

Matera will be focusing on this burgeoning sector and deliver smart, cost effective solutions to citizens across the GTA.