Venterra Realty reviews

3.1

44% would recommend to a friend

(600 total reviews)
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John Foresi

61% approve of CEO

55% positive business outlook

Venterra Realty has an employee rating of 3.1 out of 5 stars, based on 600 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Venterra Realty employee rating is in line with the average (within 1 standard deviation) for employers within the Real estate industry (3.8 stars).

Reviews by job title

600 reviews
2.0
Jun 19, 2019
Recommend
CEO approval
Business Outlook

Pros

- Some very intelligent people with strong work ethics - Smart business model run by smart executives ensures company will probably be around for a long time delivering good returns for investors (not that employees are able to participate in the returns in any way, shape or form) - Opportunity to learn about the real estate investment world (and also how the rich are able to keep getting richer) - Depending on role, pay can be higher than average - Senior leadership tries to put the effort to promote inclusive environment (i.e. social committee, events in cafeteria, etc)

Cons

- Please note this is specific to the Richmond Hill Office (where backoffice roles are). - Workload can become unmanageable. From the ground level it seems like there is no way to win. You get reprimanded if your work output is deemed insufficient. You then get reprimanded if you try to put in extra hours to increase your work output (because it supposedly reflects poorly on manager if one of their resources seems to consistently be staying late) - Despite what recruiters may pitch you, the turnover rate is much higher than what they represent (they will tell you turnover is low and that internal promotions happen all the time) - people would be laid off or disappear overnight at times with no broader communication. - Management pats itself on the back with skewed employee survey statistics. They are skewed because: a) It's generally understood that management will try to pinpoint who gave unfavourable ratings (it's a fairly small office with small teams, so not difficult). Management will indeed huddle and scrutinize results - from the ground level it seems certain managers attempt to pinpoint which individuals gave low ratings and justify why those ratings should be written off as outliers instead of actually trying to address the root cause of why the rating was so low. During my debrief meeting, manager was actually namedropping who they thought was responsible for the outlier response and grilling them on the spot to justify the rating. Overall there's definitely a sense that employees will receive retribution for giving low ratings b) Due to fairly high turnover rate, a good percentage of survey respondents are new recruits who are settling in. - Quality of managers greatly varies from one team to the next

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Venterra Realty Response
6y
Thank you for taking the time to provide a review, your candour is very much appreciated. I’m glad to hear that you had a positive impression of the senior leadership team and that you appreciated the learning opportunities, culture, compensation and calibre of people you worked with. I am saddened to hear that you had a negative experience with your manager surrounding workload and surveys. Having leaders that promote our values of candour, honesty and integrity is pivotal to our culture and that is not consistent with the behaviours you describe. I hope the advice you offered in your review is a signal that you are open to providing additional clarity and feedback. I encourage you to reach out to me, or another one of our senior leaders to provide more details on your experience. You can reach me by phone (905-717-8264) or email (rroos@venterraliving.com) to discuss. Having more details about your concerns is a first step to rectifying any issues so that we’re able to learn from your experience and continue to get better as an organization. Thank you again for the review and we look forward to speaking to you further if you choose to reach out to us.
2.0
Aug 24, 2019

Good culture, TOXIC mid-management

Recommend
CEO approval
Business Outlook

Pros

The business model is great and the leadership team is really good. They encourage forward thinking and respect all levels within the organization

Cons

+ Some of the mid-management staff, like Managers, are extremely insecure about bringing in new ideas. + I have had a very toxic and depressive time with such a manager because of her conniving attitude. + Look at the turnover of individual managers and assess what is wrong with their department. Several people who left in quick succession could not be wrong. Maybe the problem is with the manager who is managing people

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Venterra Realty Response
6y
Thank you for taking the time to share your feedback. It is great to hear that you enjoyed Venterra’s business model, forward thinking approach and leadership, especially around respecting all levels of the organization. This is certainly in line with our never-ending pursuit of excellence and the rest of our Core Values. I am sorry to hear that you did not find your experience with your direct manager to meet that same standard. We are committed to offering an exceptional employee experience at all levels and feedback like this allows us to ensure our leaders are delivering on our employee promise. In order to better understand your experience and ensure that future employees do not have the same experience you did, I encourage you to provide information to us anonymously through EthicsPoint (https://bit.ly/1NPNZHS) or reach out to me directly by phone (905-717-8264) or email (rroos@venterraliving.com) to discuss. Thank you again for providing the review and, in advance, for an additional dialogue.
1.0
Mar 20, 2020
Recommend
CEO approval
Business Outlook

Pros

Good environment, working from home allowed, good people around.

Cons

You are disposable commodity and if the company decides to cut cost you will be out without notice. While I have been there for longer than 1 year I saw how people escorted from it in surprise fashion. I saw new employees let go as well as veterans who has been with the company for years. I have been performing well but few times mentioned that expectations are higher because of my high salary. So after one year and a couple months, I saw that they hired less experienced and obviously less expensive developers and as I predicted after knowledge transfer was done I was let go without notice as well. I am happy as I have better opportunities on the table but people joining Venterra should be aware of how they treat you if they decide to change the course.

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Venterra Realty Response
6y
Thank you for taking the time to share your experience. We’re happy to hear that you enjoyed the working environment, flexibility and especially the people you worked with. We pride ourselves on the positive experience we provide Venterra employees from candidate to alumnus, so we’re disappointed to read that this was not what you experienced at the end of your tenure. As an industry-leading organization, we know our success is grounded in our people. Cost-related separations have not occurred with us for more than a decade, so we believe there’s an opportunity to provide more clarity around the circumstances of your particular separation. I hope your review signals that you are open to providing additional feedback and ask that you reach out to Bill Allison, or any of our senior leaders, to provide more details on your experience. This is the first step in us rectifying your experience and learning from it so we can work to better the organization. Thank you again for sharing your experiences and, in advance, for helping to offer more clarity on them.
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Glassdoor has 622 Venterra Realty reviews submitted anonymously by Venterra Realty employees. Read employee reviews and ratings on Glassdoor to decide if Venterra Realty is right for you.