TUK Developments redefines real estate acquisitions; supports the local economy by creating jobs
Canada’s real estate sector has been turbulent for a few years due to the growing housing crisis and declining affordability. The interest rates hike in the last few months has cooled the demand the previous few months, but the problem is far from over.
According to the latest report from CMHC, over 22 million housing units will be required by 2030 to help achieve housing affordability for everyone in Canada. In addition, the rental space also faces a massive shortage of affordable housing.
TUK Developments, an Ontario-based residential development company, supports Government’s initiatives to create affordable housing while also providing turnkey solutions to investors aiming to scale their real estate operations in Canada. It has been recognized for spearheading profitable acquisitions and creating value for investors as well as end users by acquiring distressed properties and renovating them.
“We have seen tremendous growth and are excited about the sector’s prospects. As we continue to grow and scale our portfolio, we will continue to make inroads in the residential real estate space and work with large investment corporations who also share our vision of investing and supporting the housing market in Canada,” said Jordan King and Evan Ungar, partners at TUK Developments.
Harnessing the power of technology to drive efficiencies, TUK Developments is committed to building a sustainable housing supply for the future, with a current occupancy rate of 96%. The company ensures that built units are occupied immediately. It has also positioned itself as the preferred acquisition partner for investors looking to expand their footprint.
Established in 2018, TUK Developments has played a crucial role in providing affordable rental properties and a superior lifestyle to modern buyers. Moreover, renovations of rundown properties and new housing also foster economic growth for cities. It strengthens and supports their economy by creating jobs for local people and ultimately enhancing purchasing power.
Real estate investing has been a popular tool for growing wealth for investors and homeowners for ages; it has been tried and tested over several decades and every time yields incredible results. TUK Developments is leading the charge for investors’ planning to scale their investments and make a difference in
For more information please visit https://tukcapital.com/
