London Apartment Market Report 2020

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research article

Throughout 2019 a seller’s market continued as buyers were keen to get into the asset class or expand their multi-family portfolios.

  • Total dollar volume traded within Southwestern Ontario in 2019 was $5.15B, representing about 4,296 suites in about 120 buildings.
  • Average price per suite continues to increase, averaging $109,597 in 2019, an increase of almost 12% year-over-year.
  • The average capitalization rate in Southwestern Ontario was around 4.69% in 2019 versus 5.32% in 2018 for all asset classes.
  • The average capitalization rate dropped from about 5.6% in 2018 to around 5.25% in 2019 for Class A buildings.

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London Apartment Market Report 2020

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