Tibro Properties is an Ontario developer that specializes in the development, construction, and property management of purpose-built rental properties in the Greater Toronto Area. Their goal is to provide rental living that “feels like home,” according to Sarit Chandaria, President. They want to create “powerful tenant experiences,” he says, and to have tenants who are proud to live in their properties for life. They recognize the need and demand for rental dwellings in Canada – and in Ontario, more specifically – and they have made it their mission to meet that demand with attainablypriced units that offer a better standard of rental living than the market typically provides. “The old rental stock developed during the 1960s and 1970s does not offer the quality of living that the renters of today demand and deserve,” Sarit explains. “They lack modern finishes, technologies, amenity spaces, measures for sustainability and are not designed for the future.” In October 2020, the Canadian federal government announced plans to bring in 1.2 million immigrants into the country by 2023. As immigration increases, so does the demand for rental dwellings. “Now is the time is to add to the rental stock to support this demand,” adds Savan Chandaria, Vice President. “Now’s the time to offer new housing that offers an upgraded standard of rental living to a level that every renter deserves to have.” Sarit personally began his career in real estate development about 12 years ago. Originally, he developed mostly luxury FEBRUARY 2023
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