Top paying RE investment firms in Toronto
What are the top paying/prestigious real estate investment companies in Toronto that hire out of undergrad? A list of ~10 would be greatly appreciated
Based on the most helpful WSO content, here are some of the top-paying and prestigious real estate investment companies in Toronto that hire out of undergrad:
These firms are known for their competitive salaries and strong presence in the real estate investment sector in Toronto.
Sources: Toronto Vs Vancouver Job, Global Real Estate Companies, Undergrad looking for information on REPE and REIB in Toronto, What are some great and also good real estate firms that I should look into in southern California?, Global Real Estate Companies
CentreCourt and Tricon are far and above the top paying.
Can echo on this comment. Even though I haven't seen any new junior level positions for Centrecourt in a while, but have heard associate level comp is in line with corporate PE (low to mid 200s all in) in Toronto.
Tricon is absolutely top of the market in Toronto, even for non-investment positions (AM, Dev). Expect it to stay or increase that way after the Blackstone acquisition. Pay is pretty much in line with banking, very sharp people over there who expect a lot.
Tricon TC is on part with IB TC (at the same level) with significantly less work hours?
+ Kingsett
Someone please correct me if I'm wrong, but I can't remember ever seeing a Centrecourt posting for Investments or AM. Just did a quick LinkedIn check and its doesn't seem there have been any recent juniors there either.
I can echo the sentiment above that the pay apparently is top of market. I've been told the hours can be pretty intense sometimes too.
Think this is a nice post to call out on the MM REPE GPs in Canada that are paying absolutely atrocious pay. Understand that some places only hire target school so it justifies paying a premium but imo the gap is way too big that even the best talent are forced to stay in super large institutions - so I will do my part to give a breakdown and hopefully make people more aware, but others feel free to chime in.
Pension Funds (CPP, OTPP, Omers, HOOPP, IMCO) pay top tier and is in line with PE cuz rotational programs allowed fresh grads to do a rotation in RE. Analysts basically get 150-180k TC while assocs probs get anywhere from 200-270k TC depending on the fund. Some of them like BCI, Aimco, CDPQ, PSP etc might pay a discount but im not so sure.
Other than Tricon (pays in line with pensions) and Centrecourt (im not sure of em either), Im going to guess that Pure Industrial pays well too since it's under BX and lots of ex bankers go there. BGO might be another one since it's separate from Sun Life, Osmington and maybe some US developers like Hines. You basically want to find those companies that work on large scale projects rather than REITs or those MM GPs like KingSett, Starlight, Slate, Crestpoint, etc, they tend to pay more. I think KingSett pays like 100k base for analysts but bonus is probs a joke compared to pensions; other MM GPs probs only pay 60-90k for analysts at best which is even more of a joke.
Finally, this is probably more a "secret" but some Big 5 banks (RBC, BMO) have their own REPE divisions within capital markets. There aren't a lot of seats here however. These teams aren't allowed to advertise or bid on the open market due to conflict of interest. They do more secondaries work or provide any additional equity (kinda like the purpose of a loan ngl) to help out their clients. Since they are housed with IB, they usually get a pretty high pay too but maybe slightly lower than IB counterparts. To be more clear, base is like 100-120k for analysts and assocs are 120 - 140k, wouldn't be surprised if analysts clear 150k and assocs clear 200k+.
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