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.