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.

Industrial

Office

Retail

Investment

Multi-Family

H2. Multifamily

Posted: January 2023

Record-high migration numbers, an improving labour market and universities returning to in-person classes brought 2022’s vacancy numbers closer to the 2019 level after 2 years of historically high...

H1. 2022 Multifamily

Posted: July 2022

Multi-family sales in 2022 so far have totalled over $460M, resulting in a 232% year-over-year increase since this time last year. Multi-family sales have recovered to 2020 levels after dropping...

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.

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...