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Marketbeat – Quarterly Market Report

Marketbeat Reports provide a summary of the trends and transactions that impact all commercial real estate markets in the Greater Edmonton Area.

Multi-Family

H1. 2021 Multifamily

Posted: July 2021

Until the overall health of the local economy improves, multifamily vacancy is expected to continue to increase this year. The increase can be largely attributed to a surge of new supply slated to...

H2. 2020 Multifamily

Posted: January 2021

Sales in the second half of 2020 recorded $100M, as both private groups and large institutions continue to show interest in Edmonton.

H1. 2020 Multifamily

Posted: July 2020

Multifamily sales in 2020 have so far totaled $458.6M, a 60.0% increase year-over-year. Centurion’s acquisition of the Devonshire Portfolio and the Mayfair on Jasper, which totaled $305M, dominated...

H2. 2019 Multifamily

Posted: January 2020

Multifamily property sales declined by 15.6% year-over-year, with a total sales volume of $438 million and total land transaction value of $126 million in 2019. Although the lack of several...

H1. 2019 Multifamily

Posted: August 2019

Multi-family asset sales were strong in 2018 with sales totaling $567 million and have continued to show strength as several high-value transactions were recorded halfway through 2019.

H2. 2018 Multifamily

Posted: January 2019

Despite decreased vacancy and increasing expenses, multifamily property continues to appeal to purchasers who seek a relatively stable cash flow. The total transaction volume in 2018 was $454...