Greater Toronto Area Multifamily Market Report

Download Report
research article

After the second most active Q1 of the last decade, the effects of COVID-19 brought transactional volume down in Q2. Properties that closed in the second quarter upheld trends seen pre-COVID:

  • Average price per suite is $276,085 year-to-date – an increase of 8.1% YoY.
  • Average cap rate is 3.41% year-to-date – 19 bps lower than this time last year.
  • 2,754 suites have traded across the GTA year-to-date, a decrease of 17% from the same period last year.
  • 67,090 purpose-built rental suites are proposed over 183 projects, + 53% from Q2 2019.
  • There are 13,358 purpose-built rental suites under construction, a year-over-year increase of 21%.

Multifamily1024x972

Greater Toronto Area Multifamily Market Report

Download Report
For More Information, Please Contact:

Kyle Lindsay

Senior Sales Representative | Capital Markets Canada | Multifamily

Toronto Downtown

Kyle Lindsay leads the Multifamily Group for Colliers Capital Markets Canada. Working out of the downtown Toronto office, he extends his services to investors locally and throughout the country. Engaged in multi-residential sales since 2010, Kyle brings with him over a decade of real estate and multifamily experience. Integrating a strong development and urban planning background, Kyle thoroughly analyzes market trends when investment planning and finding viable real estate solutions. Kyle has years of experience working with all tiers of investors, including institutions, international investors, REIT’s, developers, and private-capital individuals. He has merited long term customer loyalty due to his talent for providing strategic advisory solutions tailored to the needs of each client.

View Expert

Dayma Itamunoala

Senior Sales Representative

Toronto West

As part of the National Investment Team at Colliers International, Dayma focuses on complex apartment and townhouse dispositions in the Ontario region.  With a diligent focus on quantitive analysis and market presence - Dayma consistently exceeds his clients' disposition objectives. His team executes flawlessly, ensuring a smooth progression through the marketing process from beginning to end - all while maximizing value and mitigating any potential risks.

Prior to Multifamily Investment Sales, Dayma worked alongside Andrew Barnicke and Scott Chandler on the Capital Markets Team.

Dayma was born and raised in Toronto, Ontario. He attended the Ivey School of Business at Western University where he graduated with Honors.

View Expert