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.