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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

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Greater Toronto Area Multi Residential Market Overview

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For More Information, Please Contact:

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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