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Responsibilities
- Negotiates with property owners, solicitors, and real estate agents on sale price/rent within predetermined limits and makes recommendations for approval.
- Answers inquiries from solicitors, real estate agents, and property owners regarding owned properties available for sale or lease, providing information on land use, zoning, and other governing by-laws.
- Prepares reports to Committees and Council regarding real estate issues, including the sale of City-owned properties and acquisition of lands.
- Coordinates and assists with the preparation and accuracy check of real estate agreements and other legal documents (e.g., Offers to lease, notices of sale).
- Corresponds in writing with City’s agencies, Boards, Commissions, and Divisions regarding various real estate matters concerning City-owned properties.
- Corresponds with property owners regarding inquiries about City-owned properties, availability of surplus City-owned land, and acquisition of new lands needed by the City.
- Provides advice and interpretations of various Acts related to City real estate matters.
- Inspects properties to be sold or leased to ensure marketability, including photographing, measuring, and calculating area.
- Assesses data on similar sales to determine prices/rates.
- Represents the City at tribunals, arbitration, mediation hearings, and the Assessment Review Board as required.
- May be requested to attend and give evidence on behalf of the City and assist the Solicitor in case preparation.
- Attends community meetings to assist in coordinating lease approvals for City-owned properties.
- Locates and appraises property by conducting research in Geowarehouse, Altus Data Studio, real estate board listings, and comparables.
Requirements
- Post-secondary education in Planning, Real Estate, Business, and/or Economics with relevant experience in property management and other realty transactions, or an equivalent combination of education and experience.
- Experience supporting real estate transactions for land development and site management.
- Experience supporting appraisal, acquisition, leasing, sale of real estate, and/or revenue-generating transactions (e.g., Licenses, partnership agreements, revenue sharing opportunities, public/private partnerships).
- Experience in research, data collection, and formal report writing related to real estate.
- Strong communication skills, both oral and written, at a professional level with senior management, consultants, staff, elected officials, and the public.
- Knowledge of land building values in and around the GTA and familiarity with real estate market trends and activities.
- Ability to negotiate and/or articulate a point of view and provide the required backup to support such perspective.
- Proficient with prioritizing competing demands, managing ongoing project files, and completing real estate assignments.
- Working knowledge of financial and accounting concepts, such as Discounted Cash Flow (DCF), Net Present Value (NVP), and Internal Rate of Return (IRR), and ability to build and review financial models.
- Proficient with MS Office, particularly Excel.
- Strong analytical, problem-solving, and negotiation skills.
- Good knowledge of the Municipal Act, Municipal Code, Zoning, and property standards, regulations, and by-laws as they relate to municipal real estate.
- Strong knowledge and application of municipal real estate practices and principles of property valuation.
- Ability to exercise independent judgment and discretion in dealing with confidential matters.
- Ability to travel to various sites and/or work locations within the City of Toronto.
Skills
- Property management
- Realty transactions
- Real estate transactions
- Land development
- Site management
- Appraisal
- Acquisition
- Leasing
- Sale of real estate
- Revenue-generating transactions
- Research
- Data collection
- Report writing
- Communication (oral and written)
- Negotiation
- Financial modeling
- MS Office (Excel)
- Analytical skills
- Problem-solving skills
- Municipal Act knowledge
- Municipal Code knowledge
- Zoning knowledge
- Property standards knowledge
- Regulations knowledge
- By-laws knowledge
- Municipal real estate practices
- Property valuation principles
- Independent judgment
- Discretion
Location
- Metro Hall, 55 John St. Toronto
Work Type
- Full Time
- Permanent
Experience Level
- Relevant experience in property management and other realty transactions
- Experience supporting real estate transactions for land development and site management
- Experience supporting appraisal, acquisition, leasing, sale of real estate and/or revenue-generating transactions
Education Level
- Post-secondary education in Planning, Real Estate, Business and/or Economics
Salary/Compensations
- $44.64 - $48.88 hourly
About the Company
- The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve.
- The City of Toronto is committed to creating an accessible and inclusive organization.
- We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA).
Equal Opportunity
- The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve.
- Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.
- Disability-related accommodation during the application process is available upon request.