Mortgage Broker News: Canada's multifamily market has never been stronger says CBRE

The robust state of Canada’s multifamily market has been highlighted in a report from CBRE. Its Canadian Multifamily Mid-Year Update paints a rosy picture with the national average multifamily vacancy rate at 2.4% at the end of 2018, below the 10-year average of 2.6%. Average rents for purpose-built rental units have grown by 4.4% annually at the national level, and by 5.0% in Toronto and 7.1% in Vancouver; meaning strong returns for investors and property owners (total annualized returns of 9.8% as of Q1 2019). The multifamily sector also has the lowest average national cap rate of any other asset class in Canada, at 4.41%. Read More....


  • Picture
  • Picture
  • Picture
  • Picture
  • Picture
  • Picture
  • Picture
  • Picture
  • Picture
  • Picture
  • Picture
Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988