GTA Multi-Family Market Report Q2 2019

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research article

The Greater Toronto Area’s multi-family market has almost doubled its transaction volume the last quarter. Prices per unit have declined since the last quarter due to the lack of Toronto-centric portfolio dispositions – remaining well above the 2018 average of $248K/Unit.

Toronto just experienced a 25-year high for rental unit completions – with 3,078 suites completed over the past 12 months – an increase of 1% of the total purpose-built rental supply (excluding government housing).

The+ average cap rate this quarter was 3.52% - a 6 bps increase from last quarter, but also well below the 2018 average. Twenty-seven buildings were sold across the GTA totaling over $745M – almost twice the transaction volume seen in the previous quarter.


GTA Multi-Family Market Report Q2 2019

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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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