As the economy reopens and we progress through the summer months, the sector continues to show its resiliency with strong fundamentals that are supported by the recovery.
- Sizeable portfolio sales continue to drive valuation benchmarks and represent a significant portion of market share.
- On the tailwinds of a robust market in Q1, transactional volume was the second most active Q2 on record and almost 70% above the 5-year average.
- The average price per suite in the GTA has risen to $301,418 year-to-date which represents an increase of 9.2% YoY.
- GTA multifamily cap rates continue to compress, averaging 3.03% across the region.