Note from Michael: This profile is part of The A.CRE Undergraduate Real Estate Series highlighting some of the top undergraduate programs with robust opportunities to study and secure work in commercial real estate. Each profile has been written by a current or former student of the program and is written from their unique perspective on the school and its real estate offerings. A huge thanks to Jeremiah Spencer Ayella for taking the time to write this profile of Toronto Metropolitan University.
As an international student, the options for pursuing my university studies were broad, but I was able to shorten the list to the United Kingdom or Canada. I picked Canada specifically because of the favorable immigration policies in comparison to the UK, as my family and I wanted a place where I could pursue better opportunities post-graduation. I knew I wanted to do something business minded but did not necessarily know what specialization to pick so I looked at universities that had a diverse offering in terms of specializations and found out about the seven majors offered at the now Toronto Metropolitan University. The location of the university being at the core of Downtown Toronto was a huge deciding factor for me because I wanted to be in a location where even though I didn’t know what I wanted to do long-term at the time, the exposure to different types of people, different businesses and the vast range of opportunities within the central core would eventually spark my interest in a certain field, which happened to end up being Real Estate. I was particularly intrigued by the architecture of the different buildings specifically the “Aura,” which is an architecturally distinct 72-story building at the Heart of Downtown Toronto. Additionally, the efficient transit system and how it all worked together to make the city livable further inspired me to look into the industry further.
Toronto Metropolitan University Student Interview Deep Dive
Toronto Metropolitan University Cost
For Canadian Citizens and Permanent Residents, full-time undergraduate education at the business school per the 2022/2023 school year will be within the range of $9,185* to $9,627 for Ontario Students and $10,056 to $10,311 for Out of Province students. For International Students, the cost per year will come at a cost per year within the range of $36,453 to $36,710.
*Monetary Amounts are in CAD
Toronto Real Estate Extracurriculars
Ted Rogers Real Estate Association
Ted Rogers Real Estate Association (TRREA)(formerly Real Estate Ryerson) was founded in 2007 before becoming the official course union for the Real Estate Management program at Ted Rogers School of Management in 2013. The organization is the only real estate club on campus available to undergraduate students and has over 30+ student members spanning different years, backgrounds, and academic disciplines at Toronto Metropolitan University. Our mission is to enhance interest in the real estate industry within our student community as well as act as a liaison connecting industry organizations with the diverse talent that we have at Toronto Metropolitan University. We facilitate this process through running various initiatives and programming throughout the school year, which have evolved since the organization’s inception.
The initiatives we run include:
Career Night gives students the opportunity to learn more about the different pathways in commercial real estate from industry professionals. Panelists discuss their experiences in various areas of the industry such as brokerage, leasing, property management and development etc. as well as their observations of key trends in the industry.
Fall and Winter Networking Nights
Networking Nights bring professionals from all corners of the real estate industry and connects them with enthusiastic students. The event includes a keynote address by a distinguished member of the real estate community and a formal affair in an exclusive venue, as well as refreshments for all attendees. Previous years saw roughly 200 attendees, with a 1:1 student-to-industry ratio.
Expand Your Empire Conference
The two-day event brings together students from across the globe for a weekend packed with a development case competition, informative panels, workshops, networking events, and evening socials. Students compete for our grand prizes, which include $10,000 for first place, $7,500 for second place, $5,000 for third place and $1,500 for the most sustainable and financially feasible proposal, respectively.
Real Estate Month
Real Estate Month consists of several thought-provoking panels, educational workshops, keynote presentations and more that will offer students an opportunity to enhance their knowledge and grow their passion for the real estate industry.
The Developers Showcase welcomes leading commercial real estate companies to present their recent or upcoming development projects to eager students. This provides companies with a great opportunity to share exclusive insight into their thought process behind the building design, fundamental market drivers for their projects, challenges they’ve faced turning their vision into reality and more.
Diversity in Real Estate
Diversity in real estate will feature unique stories of our industry’s diverse leaders and showcase their successes and challenges in overcoming barriers in their careers and in our industry. The event will consist of a collaborative panel discussion on relevant topics, followed by a networking session.
Brokerage Night is a new initiative, highlighting the sell side of commercial real estate. This insightful panel will feature a diverse range of industry professionals discussing their career paths within real estate brokerage as well as various topics and themes within the brokerage landscape. The event will close off with a networking session with the panelists.
Private Equity Night
This new initiative features industry professionals who currently lead high-profile real estate private equity firms. This panel is aimed at showcasing unique career paths, roles such as Investments, Development, and Asset Management, as well as sharing insights into key themes that exist within the real estate private equity landscape. The event will consist of a collaborative panel discussion on relevant topics followed by a networking session.
This is an opportunity for a company to run an initiative exclusively tailored to the needs of their organization as well as enhance their engagement with the future leaders of the real estate industry. Some creative event ideas could be an office tour with recruitment at your company offices, exclusive real asset tours to educate students about the process behind turning a vision into reality, a thought-provoking workshop showcasing how property technology has benefited your portfolio.
The Toronto Real Estate Community
The real estate program was established in 2013 as one of the specializations within the School of Business Management’s Commerce program at the Ted Rogers School of Management. As the program has evolved and the interest has grown among the student and professional community, our program has greatly benefitted from its strategic location being at the Heart of Downtown Toronto. As a result, as more students graduate from the program and with a majority starting their careers within the city, our alumni base and industry recognition has grown immensely since our inception giving our program a strong advantage as we are 1 of 3 undergraduate schools offering a real estate specialization with our program being the only one with a dedicated real estate management department for the major in Canada. This is evidenced by our strong industry partnerships for the Ted Rogers Real Estate Association with companies such as Cushman and Wakefield, Colliers, Cadillac Fairview, JLL, CBRE, Dream Unlimited etc. We also have well accomplished Advisory Council representing companies such as Avison Young, Yardi Systems, Altus group, GWLRA etc., who are actively involved in the development of the course offerings for the program.
Adding onto the real estate community outside of the classroom, our university location gives us the benefit of having easy access to attend the vast number of events hosted by organizations such as Urban Land Institute (ULI), National Association of Industrial & Office Parks (NAIOP), Innovating Commerce Serving Communities (ICSC), Commercial Real Estate Women Network (CREW), Building Owners and Managers Association (BOMA) etc. This allows students to actively grow their network and enhance their real estate acumen beyond the opportunities offered by the real estate club and the Business Career hub that host various information sessions with different real estate companies such as Oxford Properties, Slate Asset Management, Colliers etc.
Students also could develop and apply the skills they learn in the classroom with rewarding real estate-focused case competitions such as Expand Your Empire (EYE) Conference hosted by our real estate club, Undergraduate Real Estate Case Competition (URECC) hosted by University of Guelph and the NAIOP Development Challenge hosted by the NAIOP Greater Toronto Chapter.
Ted Rogers School of Management (TRSM) Business Management Curriculum
During your first year of the Business Management program, you participate in business studies from day one in an active learning environment. You conduct problem-solving exercises based on real enterprises, perform case studies, make presentations, and participate in authentic stock market games. During the first two semesters – common to all students – you’ll acquire the foundational business knowledge of various disciplines that prepares you to specialize in a major. The 7 majors offered include Real Estate Management, Economics & Management Science, Entrepreneurship, Marketing, Global Management, Law and Business and Human Resources. Business Management students declare their majors before course intentions in March of their first year in your third semester, you begin to develop a career focus with your chosen major, while continuing to take courses chosen from a variety of business topics. Throughout the program, students must complete a total of 40 credits which include mandatory courses, liberal studies and professionally related courses broaden your perspectives and awareness of topical social, human, and economic issues. Regular presentations by industry guests enhance the relevance of your education.
Real Estate Management Specialization
Dr. Cynthia Holmes is the founding chair of the Real Estate Management department and has since transitioned to Associate Dean, Faculty and Academic at the business school. The program is currently chaired by Dr. Dogan Tirtiroglu who assumed his role in September 2019. TRSM offers both a Real Estate Management major and minor open to all students at Toronto Metropolitan University and offered by the School of Business Management. The Pre-major coursework prior to specialization includes courses in Macro & Microeconomics, Financial Accounting, Managerial Accounting, Marketing Management, Human Resources, International Business etc. Moving into the real estate major specific coursework, students learn the skills and knowledge that will allow them to flourish in the housing and commercial property arenas taking core courses such as Real Estate Finance, Real Estate Valuation, Real Estate Development & Project Management, Real Estate Economics, Sustainability in Real Estate, Real Estate Investment Analysis, etc. This flexible program allows students to customize their experience according to their own interests and career aspirations.
Toronto Real Estate Scholarships
In terms of real estate scholarships, there are many awards and scholarships for undergraduate students. These include.
BOMA Toronto Award Real Estate Management (Up to $1,700)
To a full-time business management student entering their second year in the Real Estate Management major. Must have a minimum CGPA of 3.00 (B), maintain a minimum course load of four (4) in the Fall and Winter terms and demonstrate financial need. The recipient will continue to receive the award in each subsequent year of the Real Estate Management program upon entering third and fourth year, conditional upon maintaining a CGPA of 3.00 (B) and a minimum course load of four (4) in the Fall and Winter terms.
Peter Sharpe Program Awards (Minimum 5 awards up to $7,800 each)
To a full time student who has completed their first year of full time study in the Ted Rogers School of Business Management, with the required courses and have declared a Real Estate Management major and must:Be a Canadian citizen, a Permanent Resident or a Protected Person; Be an Ontario resident; Demonstrates financial need, Demonstrates academic achievement with a minimum CGPA of 3.50 at the end of the first year with clear academic standing.
Students may receive only two Peter Sharpe Awards in addition to the renewable award in any year.
Peter Sharpe Renewable award (Up to $6,400)
To a student who has completed their first year of full time study in the Ted Rogers School of Business Management, with the required common courses, and have declared a Real Estate Management major and must be a Canadian Citizen a Permanent Resident or a Protected person; Be an Ontario resident; Demonstrates financial need, Demonstrates academic achievement with a minimum CGPA of 3.50 at the end of the first year with clear academic standing; Renewable if a CGPA of 3.30 is attained and clear academic standing maintained at the end of second year and third year as a declared Real Estate Management Major enrolled full-time.
Students may receive only two Peter Sharpe Awards in addition to the renewable award in any year.
Peter Sharpe Course Awards (5 awards up to $6,400 each)
To a full-time student in the Ted Rogers School of Business Management who has completed their second year of study as a Real Estate Management major and must: Be a Canadian Citizen, A Permanent Resident or a Protected Person; Be an Ontario resident. Demonstrate financial need and academic achievement through the highest grade in: REM 300, REM 400, and REM 420, REM 500 and REM 520.
Students may receive only two Peter Sharpe Awards in addition to the renewable award in any year.
Peter Sharpe Academic Awards (Up to $6,400)
To a full-time student in the Ted Rogers School of Business Management who has completed their second year as a Real Estate Management Major(one award) or must have completed third year as a Real Estate Management major (one award) Must be a Canadian Citizen, A Permanent Resident or a Protected Person; Be an Ontario Resident; Must demonstrate financial need, and must demonstrate academic achievement with a minimum CGPA of 3.50 at the end of second or third year. Students may receive only two Peter Sharpe Awards in addition to the renewable award in any year.
ICSC Foundation Canada John and Kim Morrison Family Foundation Scholarship (Up to $7,500)
This award is for a full-time undergraduate student in the Ted Rogers School of Management in the Real Estate Management major entering their final year of study demonstrating academic excellence, minimum CGPA of 3.00, have clear academic standing, demonstrates leadership through contributions of time and talent in local and school communities.
Leadership ability will be evaluated based on a 300-word (maximum) essay describing their leadership contribution. Applications for this scholarship are solicited in the Winter term, with selection made in April/May each year.
In addition to the financial award, the following non-monetary benefits will be available to the recipient: one-year ICSC student membership subject to ICSC’s Membership Terms and Conditions; an ISCC mentor; and an all-expenses paid trip to the annual ICSC Canadian Convention.
Ronald H. Otis Award in Real Estate (Five awards up to $5,000 each)
This award is for a full-time undergraduate student in the Ted Rogers School of Business Management in the Real Estate Management major entering second year of study with clear academic standing. Demonstrates financial need and academic excellence.
This award is renewable for the recipient who had the highest CGPA if a minimum CGPA of 2.67 is maintained and demonstrates financial need.
The Minto Real Estate Management Sustainability Award ( Up to $2,500)
This award is to support a student who exemplifies exceptional course work in REM 420 – Sustainability in Real Estate.
JLL Women in Real Estate Award (Up to $3,000)
JLL Canada created this award to recognize and support women in real estate. This award recognizes a Ted Rogers School of Management female student majoring in Real Estate Management who demonstrates leadership through involvement in the community.
JLL is a world leader in real estate services. JLL Canada helps real estate owners, occupiers and investors achieve their business ambitions. We buy, build, occupy and invest in a variety of assets including office, industrial, commercial, retail, residential and hotel real estate. From tech startups to global firms, our clients span industries including banking, energy, healthcare, law, life sciences, manufacturing, and technology.
REALPAC Outstanding Achievement in Real Estate Management (4 awards up to $3,000)
To be awarded to an undergraduate student at the Ted Rogers School of Business Management majoring in Real Estate Management that demonstrates academic excellence, with a background interest in real estate management. Preference for an eligible student from an underrepresented community or group in the real estate industry based on but not limited to race/ethnicity, national origin, sexual identity, gender identity, religious affiliation, age, ability/disability, etc. with such disclosure being voluntary on the part of the student.
Must submit a minimum 500-word written statement that demonstrates interest in the real estate sector through community service or employment within the real estate sector.
The Condo Store Community Builder Award (up to $2,000)
To be awarded to a full-time undergraduate student at the Ted Rogers School of Business Management majoring in Real Estate Management that demonstrates academic excellence, has completed second year of studies and entering their third or higher year of studies. Must submit a short (250-500 words) written statement detailing community involvement or leadership experience(s).
Browse Other Undergraduate Real Estate Profiles
About Jeremiah Spencer Ayella: Jeremiah is a current 4th-year student at the Toronto Metropolitan university. He is pursuing a Bachelor of Commerce specializing in Real Estate Management with a Minor in Finance the Ted Rogers School of Management. His passion for real estate comes from the relationship-driven nature of the industry, the tangibility of the asset class, the overall community impact involved with the industry and how intellectually stimulating the industry is in terms of finding solutions to different complex problems such as decisions on whether to acquire or dispose of assets in a portfolio, etc. Upon graduation, He has plans of starting his full-time career in commercial real estate at a top-tier real estate company as an Analyst either in an Asset Management, Investments, or Development capacity. Outside of the classroom, he is actively involved in the real estate community as he joined TRREA in his 3rd year formerly known as Real Estate Ryerson (RER) as a Corporate Relations Associate and is excited to be leading the club as President for the 2022/2023 school year. He is also an active member of industry associations such as ULI, ICSC, and NAIOP where he took part in the 2021 Development Challenge and his team finished 2nd Place out of 12 teams. In terms of work experience, he has worked at RioCan REIT (Toronto, ON) as an Analytics, Asset Management Intern and as an Asset Management Coordinator. Jeremiah enjoys reading, listening to podcasts, trying new restaurants, working out, and is a sports enthusiast having played sports such as soccer, running track & field, and basketball in his younger years.