Peerage Realty Partners is pleased to announce it has acquired a significant stake in Ourboro.

Ourboro offers Canadians a new way to realize the dream of home ownership: an equity stake in exchange for a contribution to the initial down payment for qualifying first time buyers.

How much will they contribute? Up to $250,000.

Ourboro

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Real Estate Services

PEERAGE REALTY PARTNERS ANNOUNCE PARTNERSHIP TO ADVANCE INNOVATIONS IN HOME FINANCING

 

Peerage Realty Partners makes a strategic investment in Ourboro Inc., a company committed to transforming the way Canadians buy and own their homes.

 

TORONTO, September 7, 2021  –  Peerage Realty Partners (“Peerage Realty“) has added Toronto-based Ourboro Inc., an innovative co-ownership enterprise, to its family of partner companies. This new strategic investment expands Ourboro’s product offerings, helping unlock home ownership for Canadians, while further strengthening Peerage Realty’s growing presence in the evolving North American residential real estate services sector.

 

The single greatest challenge facing today’s homebuyers is accumulating enough savings to meet the down payment requirements on ever-increasing real estate prices. For those who have saved at least five per cent of a home’s value toward the down payment, Ourboro may provide up to an additional $250,000 in exchange for a long-term stake in the future appreciation of the property.

 

“Our market research has confirmed that owning a home remains the dream for most Canadians,” said Trevor Maunder, CEO of Peerage Capital. “We’re excited about this partnership and its potential to make that dream a reality for people who could otherwise not own a home.  We are all the more enthusiastic because homeownership has historically been the largest and most consistently successful investment for Canadian families and should not be reserved for those who can get a head start from their parents. The appreciation of wealth through home ownership should be something all Canadians can realize”

 

He added: “Ourboro has an innovative approach to addressing the fundamental imbalance of housing supply and demand in Canada. It’s an affordability crisis for which there is no quick fix, but this is an important step in re-thinking the status quo of what it means to own a home.”

 

“This partnership represents a true collaboration between Peerage Realty and Peerage Capital,” noted Gavin Swartzman, CEO of Peerage Realty Partners. “It brings together our asset management expertise with our growing presence in the real estate service sector.”

 

Ourboro Co-Founder and CEO, Norm Tasevski said: “Our roots are in social enterprise, and we contribute more than money to these relationships. We are committed to offering our co-owners knowledge, advice, and options to fit their individual needs.”

 

“Historically, you either own 100 percent of your home, or you rent. People only had these two options to choose from,” said Nicholas Pope, Co-founder and CIO at Ourboro. “Ourboro is introducing a third option, which is co-ownership. You not only get the upfront financing to overcome the down payment gap, but you also have an invisible roommate who just so happens to be an expert on helping you get the most out of your investment.”

 

Ourboro is currently in the Greater Toronto Area (“GTA”) and partners with local real estate agents and service providers, to ensure their buyers have the best purchase and ownership experience.

 

ABOUT OURBORO

Ourboro is a private, Toronto-based company dedicated to unlocking home ownership through co-ownership, creating an opportunity for people to feel personally and financially resilient. It is committed to the well-being of its co-owners, offering transparency without complexity.

 

Ourboro invests in homes through a pool of funds managed on behalf of real estate investors. Previously, investors and homebuyers would compete on properties in the marketplace, whereas with Ourboro, homebuyers and investors can confidently work together. The goals of our investors are uniquely aligned with that of our co-owners, successful homeownership means successful investments.

 

By providing funding toward the down payment alongside the co-owner, Ourboro purchases a share in the future value of the home. Throughout the ten-year term, additional programs, such as maintenance check-ups and renovations credits, are available to co-owners to help preserve and increase the home’s value. Like a true partnership, both parties share in the profits when sold.

  

ABOUT PEERAGE REALTY 

Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America.

 

Peerage Brokerage Partners include leading Sotheby’s International Realty franchisees, Christie’s, and renown independent firms in both re-sale residential real estate brokerage, and new construction marketing.

 

Peerage Brokerage Partners include leading Sotheby’s International Realty franchisees, Christie’s, and renown independent firms in both re-sale residential real estate brokerage, and new construction marketing.

 

Peerage Core Service activities include real estate financing, transaction services, asset management, and home improvement for purpose-built rental properties.

Peerage has the unique benefit of being a privately-owned enterprise that is positioned to commit to long-term partnerships and investments.

 

Through its partner firms, Peerage Realty is projected to sell over US$23.6 billion (C$30 billion) in 2021. It has over 4,000 best-in-class sales representatives and 143 offices in Canada and the United States.

 

To support growth and expansion among partners, Peerage Realty consistently provides strategic input, capital, technology, operational expertise, marketing, communications, and value-added products and services that differentiate and strengthen its partner firms in competitive markets. Its goal is to expand the suite of services that its partner firms can offer to enhance the client experience through all phases of a real estate transaction and beyond.

 

www.peeragerealty.com

 

 

ABOUT PEERAGE CAPITAL 

Peerage Capital is a leading North American business services and private investment firm. Peerage Capital is focused on partnering with exceptional, entrepreneurial management teams to form long-term investments across several strategic business services platforms including real estate services, real estate development and management, land assembly, self-storage, asset management and wealth advisory services.

A growing network of partner companies employs over 3,000 people across Canada and the United States with approximately US$7.87 billion (C$10 billion) in total assets under management (AUM) and administration and transacting over US$14.2 billion (C$18 billion) in annual sales of residential real estate sales in 2020. It is projected to sell over US$23.6 billion (C$30 billion) in 2021.

Peerage Capital focuses on service sectors where there are opportunities to achieve scale through both organic growth as well as through acquisition, operating synergies, and brand differentiation. 

It supports the partner firms in which it invests by providing capital as well as a team of experienced professionals who add value in such areas as strategy, finance, technology, marketing, mergers and acquisitions, and communications. 

Peerage Capital believes that superior talent is the ultimate driver of long-term growth and success. It operates with a strong culture of partnership, collaboration and alignment of interests, both economic and cultural. Peerage Capital’s unique “Professional Partnership” model has been refined over 40 years to accelerate growth through value-added services that enhance the sustainable, profitable growth rate of the organization, maximizing value for all stakeholders.

https://www.peeragecapital.com/

 

FOR FURTHER INFORMATION:

 

Deirdre McMurdy

Vice-President, Corporate and Partner Communications

Peerage Capital

Tel: 647-302-8189

Email: dmcmurdy@peeragecapital.com