Category: Toronto

AvranceCorp Developments Vice Chairman and Acting CEO Ravi Thakur, recently spoke on AvranceCorp Presents, reflecting on a challenging year in the real estate sector and offering bold opportunities for the company in 2026.

Previously on AvranceCorp Presents, Mandy Bujold from the Grand Valley Construction Association and Joe Ferraro from the Sherwood Mortgage Group confirmed clouds of uncertainty from their respective skilled trades and mortgage sectors in 2025. But it was particularly interesting to hear from Thakur, who shared his thoughts from a developer’s perspective.

“The overall feeling in the real estate sector has been, post-COVID, very dormant, hardly moving, and very depressing to say the least,” Thakur said candidly to AvranceCorp Presents host Kenai Andrews. “2025 in my mind has been a year of recalibration, not retreat. Well-capitalized projects, well-structured projects moved forward, while speculative developments slowed down. The key takeaway was discipline. Strong balance sheets, fixed pricing, and conservative assumptions really the mattered the most to move forward than ever.

Thakur also pointed to some interesting projects that AvranceCorp Developments is working on to help the industry forward in 2026. These include AvranceCorp Capital Management (ACM), a financial investment division which raises and manages capital for real estate projects.

Specifically, AvranceCorp Capital Management connects accredited institutional investors with real estate-backed private equity along with structured debt offerings.

“2026 is about execution for us,” Thakur added. “We are advancing our projects in the new year. Capital management and our proprietary tokenization exchange is going to the public opening markets to basically address some of   the structured liquidity in which the current market is facing. By going this route, we can address a multitude of questions.”

“One is the first-time buyer, which has been knocked out of this market. Second, we are going to increase the liquidity to monetize our projects. And also with our proprietary exchange, which has been patented in 250 countries, will pave the way for other real estate companies to come and trade real estate tokens on blockchain, which is highly compliant institutional trade, is the way to deal with these problems head on.”

Season’s Greetings and Happy New Year, from everyone at AvranceCorp Developments.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
📧 kenai@avrancecorp.com
📞 647-368-8888

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TORONTO, ONTARIO – DECEMBER 4, 2025 – The Canadian mortgage industry had a challenging year in 2025, according to Sherwood Mortgage Group Level Two Mortgage Agent Joe Ferraro.

The Sherwood Mortgage Group is a Canadian company founded in 2008. It features a team of over 100 mortgage brokers and agents along with over 50 institutionalized and alternative lenders to secure over a billion dollars a year in financing for their clients.

Ferraro appeared on the Dec. 3 edition of AvranceCorp Presents to talk about his observations and concerns from mortgage clients, while noticing some trends that could linger on in 2026.

“There is uncertainty on so many different levels,” Ferraro explained. “Especially with what’s happening south of the border with how that economy’s working. Who’s in charge over there. The uncertainty with the tariffs and what not. It’s affected everyone and everybody.”

Some of the key American tariffs against Canada include a 50 per cent tariff on Canadian steel that recently forced Canadian company Algoma Steel to lay off 1,000 employees.

Generally, the United States levied a 35 per cent tariff on Canadian goods in 2025, although a lot of products are exempt under the current United States-Canada-Mexico (USMCA) free trade agreement. A mandatory joint review of the USMCA is scheduled for July 2026.

But some recent anti-tariff ads in October featuring late American president Ronald Reagan from Ontario premier Doug Ford angered American president Donald Trump to increase Canada’s levies by 10 per cent over and above current levels.

“As much as we’re trying to say, ‘No, no, no’ … it’s there,” Ferraro added. “Sentiment in the market has always remained. The Bank of Canada, who is notorious for keeping us safe, keeping us in line, they do a good job. No matter how much we can try and say we don’t like them. Between the Bank of Canada, New Zealand, and Australia, they’ve always nailed it.”

“As much as we’re not happy with the current rates right now, what’s happening south of the border and the uncertainty that’s happening up here, whether it’s inflation, whether its unemployment, it all has an effect in the mortgage world and how those rates look.”

The Bank of Canada overnight rate started at 3.25 per cent at the beginning of the year, then went down through a series of 25 basis point cuts in March, September, and October to 2.25 per cent. Dec. 10 is the next scheduled potential rate adjustment.

“It’s situational. Month by month, quarter by quarter, we go with what we have,” Ferraro said. “Hopefully, a pickup in the summer and fall (of 2026). Everyone wants to see a stable market, but what’s happening south of the border is a problem. It impacts us a lot.”

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
📧 kenai@avrancecorp.com
📞 647-368-8888

Previous Press Releases

AvranceCorp Developments, a leader in cutting-edge real estate development, is proud to announce its strategic partnership with Lumboa Architects, renowned for their innovative and sustainable architectural designs.

This collaboration represents a significant milestone in the development of future projects that aim to redefine urban living spaces through cutting-edge design, sustainability, and community-centered development.

With a shared commitment to excellence and forward-thinking design, the partnership will leverage the expertise of both companies to deliver visually striking, environmentally sustainable, and functionally superior spaces that meet the needs of modern communities.

Starting with AvranceCorp Developments’ Georgia Bay Terrace project in 2020, Lumbao Architects took over as the principal architect and primarily assisted with the finalization of the site plan approval process. They will also assist with managing the development of the Georgian Bay Terrace through to completion.

“At AvranceCorp, we believe in creating developments that not only meet the needs of today but also anticipate the needs of tomorrow,” AvranceCorp vice chairman and acting CEO Ravi Thakur explained. “Our partnership with Lumboa Architects represents a shared vision of building smarter, more sustainable urban spaces that improve the quality of life for their inhabitants. Together, we are committed to delivering design solutions that are both innovative and environmentally responsible.”

Founded in 2017 and primarily led by principal architect Rommel A. Lumbao, Lumbao Architects is a member of the Ontario Association of Architects, the Royal Architectural Institute of Canada (RAIC), and the Architectural Institute of British Columbia. The team consists of architects, designers, engineers, building technologists, and project managers with over 25 years of experience in the fields of construction, management, engineering, and architecture.

About Lumboa Architects

Founded in 2017, Lumboa Architects is an award-winning architecture firm that specializes in sustainable, forward-thinking design. With a focus on creating functional, environmentally conscious spaces, Lumboa Architects has earned recognition for its innovative use of materials, energy-efficient design, and creative approach to integrating architecture with the natural environment. Their portfolio includes residential, commercial, and civic projects that prioritize both aesthetic appeal and practical functionality.

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
📧 kenai@avrancecorp.com
📞 647-368-8888

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TORONTO, ONTARIO – DECEMBER 4, 2025 – Helping clients save money is always on the mind of Joe Ferraro at Sherwood Mortgage Group.

Ferraro is a Level Two Mortgage Agent at the Sherwood Mortgage Group, where he primarily helps first-time homebuyers secure mortgage financing, and also helps existing homeowners with mortgage renewals. He shared some of his favourite money-saving tips on the Dec. 3 edition of AvranceCorp Presents.

“Credit is super important,” Ferraro explained to AvranceCorp Presents host Kenai Andrews. “If you have a credit card, make your minimum payment. Try and pay the balance off each month. Keep all of your balances to below 30 per cent. For example, if you have a credit card with a $1000 limit, do not let that balance get above $300. If it’s $10,000, keep it below $3,000. Try not to carry a lot of debt. If you do carry debt, try and make it 30 per cent of the overall limit.”

“Have two trade lines,” Ferraro continued. “One can be a VISA, one could be a Mastercard. One could be an American Express, one could be an unsecured line of credit. Make sure you have two of them because that’s how the Equifax algorithm works.

“The Equifax algorithm is a set of proprietary formulas that help to assess credit risk using factors such as payment history, credit utilization, credit mix, bankruptices, and so on. Equifax typically assigns a certain weight to each factor to calculate a probability score to indicate the risk of an individual defaulting on a loan.

Ferraro also has plenty of smaller yet meaningful ways of piling up some cash that are time-tested.

“When it comes to saving money, if you want to buy a home, create a plan to start saving money,” Ferraro said. “Take a look at the income you have coming in right now and start getting rid of or limiting those expenses that you can really save money on. You don’t need an eight-dollar coffee every day from Starbucks. You can make your own coffee at home. You’d be surprised at how much people can save if they just do things at home.”

“Cook your own meals, stop buying out. Take that money and leave it in the bank account. I would create a separate savings account, meaning if you have a bank account that has a chequing account, but you don’t have a savings account, create a savings account that you simply label: Savings for your home purchase. And every paycheque at minimum, after expenses, a minimum of 10 per cent has to go into that savings account. If you can put more, absolutely fantastic.”

“On the show, Ferraro mentioned a lot more tips, including how to save at mortgage renewal time and as well as sharing how he takes care to educate clients on all facets of homebuying and other mortgage services.

“Work, save, save, work, work, work, save, save,” Ferraro said. “And before you know it, you’ll have a good chunk of money saved up.”

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
📧 kenai@avrancecorp.com
📞 647-368-8888

Previous Press Releases

TORONTO, ONTARIO — DECEMBER 9, 2025— Real Estate firm AvranceCorp Developments announced the launch of its renovation services division.

The new renovation services division is an extension of AvranceCorp’s long-standing commitment to quality, craftsmanship, and customer service. By bringing renovation and remodeling in-house, AvranceCorp aims to provide a seamless, end-to-end experience for homeowners seeking to upgrade, modernize, or reimagine their living spaces.

“As our communities have grown, so has the demand for renovation expertise backed by a name homeowners trust,” AvranceCorp Developments vice chairman and acting CEO Ravi Thakur said. “Launching this division allows us to bring AvranceCorp’s signature design excellence and construction standards directly into customers’ existing homes. Whether it’s a kitchen remodel, basement finishing, or a full custom redesign, we’re committed to elevating the way people live.”

The renovation services division offers clients various services such as kitchen and bathroom remodels, basement conversions, whole-home renovations, structural upgrades (including additions, open-concept transformations and floorplan reconfigurations), exterior enhancements, smart home upgrades, and more. Every project is guided by AvranceCorp’s established standards of quality assurance, transparent communication, industry compliance, and client-centered planning.

The renovation services division will initially service clients in the Greater Toronto Area and surrounding regions as well as select markets in Halifax, with plans to expand into additional Canadian markets as demand grows. Homeowners can begin booking consultations immediately through the new AvranceCorp renovation portal..

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
📧 kenai@avrancecorp.com
📞 647-368-8888

Previous Press Releases

TORONTO, ONTARIO — DECEMBER 9, 2025 — AvranceCorp Developments announced a strategic partnership with Eringate Homes to co-develop two premier residential communities: Georgian Bay Terrace, a luxury waterfront-inspired development near Georgian Bay, and Springbank Lux, a nine-storey luxury residential project in London, Ontario.

This collaboration brings together two respected builders known for quality craftsmanship, design innovation, and community-focused development. AvranceCorp Developments and Eringate Homes share a common vision: to create communities where architectural excellence meets exceptional livability.

“Our collaboration with Eringate Homes marks an exciting chapter in AvranceCorp’s growth,” said Ravi Thakur, Vice Chairman and Acting CEO of AvranceCorp Developments. “These projects reflect our mutual dedication to delivering homes that enrich everyday life and stand the test of time. Together, we’re shaping communities that blend modern amenities with natural and cultural surroundings.”

Eringate Homes, a privately held Toronto-based property development and construction firm founded in 2016, brings more than 40 years of combined industry experience to the market. The company’s expertise spans residential and commercial construction, industrial, and infrastructure projects. As the general contractor for AvranceCorp, Eringate Homes will oversee key phases of construction for both developments.

• Georgian Bay Terrace: A five-story boutique residence with 150 luxury suites located at 1 Legion Road in Meaford, Ontario.
• Springbank Lux Condos: A nine-storey luxury residential project featuring 175 condo suites, 11 luxury townhomes, and four ground-floor commercial units. Currently in pre-construction, it is situated within walking distance of the scenic Thames River and just eight minutes from downtown London, Ontario.

Forward-Looking Statements

This release may contain forward-looking statements relating to the future performance of the Georgian Bay Terrace project. Such statements involve risks and uncertainties, and actual results may differ materially due to various factors including regulatory changes, construction timelines, and market shifts.

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
📧 kenai@avrancecorp.com
📞 647-368-8888

Previous Press Releases