Greater Toronto Area Multi Residential Market Overview

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Strong market fundamentals continued to uphold pricing and attract capital to the GTA multi-family sector this quarter.

Multi-family transaction volumes have now reached $1.63B YTD in Toronto. To put this number in perspective, 2018 was the first year on record where volumes exceeded $2B, and at our current rate we will surpass this threshold once again. This is a result of strong fundamentals in multifamily attracting capital at a time when uncertainty plagues other asset classes and other geographies.

Numbers at a Glance:

  • Average Price/Unit: $272,595
  • Average Capitalization Rate: 3.70%
  • Average Transaction Volume: $449.8M
  • Units Sold: 1,650


Greater Toronto Area Multi Residential Market Overview

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For More Information, Please Contact:

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.

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