The real estate market in 2023 has had its ups and downs. But, here at Ourboro, we’ll remember it as a year we hit some pretty remarkable milestones. And we owe a lot of our thanks to you, our community of supporters, co-buyers, and partners.
Reflecting on a Successful Year
This year we received close to 1,000 applications from prospective homebuyers. Despite a rise in interest rates and a general slowdown in market conditions, this led to nearly $8M invested alongside new co-owners.
After launching our Referral Partner program in early 2022 we’ve watched it grow at an incredible rate. In addition to helping co-buyers find the perfect home to suit their needs, our Referral Partners provide valuable support, feedback, and market insights to the Ourboro team. This year we welcomed over 800 real estate professionals to our network – a 300% increase from last year – helping us surpass 1,000 total partners.
This year we also forged several invaluable new partnerships. Fengate Asset Management, the pension fund behind LiUNA, became Ourboro’s first institutional investment into our LP Fund, a significant milestone for impact investment and our ability to find values-aligned investors. In addition, partnerships with The Co-Operators, Ourboro’s preferred service partner for home insurance, and Community Trust, our latest lending partner, further expanded the suite of options available to Ourboro homebuyers.
As we continue to work towards our mission of unlocking homeownership, the media is beginning to take notice. Ourboro was proud to be highlighted by most of the major news outlets throughout the year. Take a look for yourself on our Press page.
Throughout the year we’ve had the opportunity to meet many of you in person at various conferences and events. We were especially thankful to host over 100 guests at Ourboro’s 2nd Annual Open House. We’re already looking forward to seeing some familiar, and new, faces at next year’s event!
Finally, in 2023 Ourboro expanded into new boroughs. We’re now co-investing in homes throughout the GTA, Kitchener-Waterloo, London, Guelph, and Hamilton. And as you may have already heard, in early 2024 we’ll be expanding to Ottawa!
On behalf of the entire Ourboro team – we’d like to thank you for making all of this success possible. We’ll see you in the new year!
