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Greater Toronto Area Multifamily Market Report

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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%.

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Greater Toronto Area Multifamily Market Report

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Kyle Lindsay

Senior Sales Representative | Multifamily

Toronto Downtown

Kyle Lindsay leads the Multifamily Group for Colliers in Toronto, and is a core member of the National Multifamily Team.  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.

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Dayma Itamunoala

Associate Vice President | Sales Representative

Toronto West

Dayma leads the Colliers Multifamily Team in Toronto. As part of the National Investment Team at Colliers, Dayma is recognized as a leading specialist in the disposition of multifamily property across Ontario. As a member of the Federation of Rental-Housing Providers of Ontario (FRPO), he is an active member of the multifamily community, regularly participating on expert panels and in industry events. Dayma has a consistent and reliable pulse on the most active and aggressive purchasers, ensuring they are highly engaged on each transaction. In the last 6 months Dayma has sold over $300M worth of apartment buildings. His experience has allowed him to work with all tiers of investors, including institutions, international investors, REIT’s, developers, and private-capital individuals. He is recognized for his unsurpassed market knowledge, diligent focus on client success, and for his commitment to integrity.

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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