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Waterloo Region Multifamily Report Year in Review 2021

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multifamily

The Waterloo Region Multifamily market has come of age as a sought-after place for investors to buy. The 2021 market saw record-breaking sales volume, this is simply unprecedented.

  • Transaction volume grew 70% YoY to $652 million in 2021
  • Average price per suite increased 19% YoY to $196,138
  • Average Cap Rate increased by 15bps to 3.85%
  • Turnover increased to 17% in 2021.

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Waterloo Region Multifamily Report Year in Review 2021

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For More Information, Please Contact:

Karl Innanen

Managing Director, Broker

Waterloo Region

Karl Innanen quickly became a “spokesman” for the investment real estate market in Southwestern Ontario. He was able to dovetail his economics education from the University of Western Ontario with the practical experiences working in the real estate brokerage field since 1990.

Karl’s expertise is in understanding and analyzing clients' needs in relation to the dynamics of the market, and formulating strategies that will enable the client to attain their business goals.

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Gurjot Marwah

Sales Representative

Waterloo Region

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