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Apartment & Redevelopment Newsletter

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Volume 9| January 2023

Welcome to another installment of the Apartment & Redevelopment Newsletter, designed to bring you local relevant information about what’s happening in the Greater Toronto Area (GTA) Apartment and Land property market. We bring this to you on a monthly basis to assist Property owners in keeping up to date with industry news, recent transactions and development applications.

In January 2023 there were only 12 transaction’s in GTA Apartments, for a value of $69,240,000. This is down approximately 43% in aggregate value compared to January 2022 when there were 21 transactions for a total value of $185,214,973. There were 327 units traded in January 2023 vs 566 units traded in January 2022. Transaction spend is down 63% YoY with 43% decrease in units transacted.