Marketbeat – Multi-Family
H2. 2023 Multifamily
Posted: February 2024
The multifamily sector saw 74 properties transact with a total sales volume of $619.6M in the second half of 2023.
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H1. 2023 Multi-family
Posted: July 2023
Edmonton’s multifamily market booms with $580.7M sales in H1 2023, driven by migration, tight vacancies, and investor sentiment.
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H2. 2022 Multi-family
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…
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H1. 2022 Multi-family
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…
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H1. 2021 Multi-family
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…
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H2. 2020 Multi-family
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.
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H1. 2020 Multi-family
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…
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H2. 2019 Multi-family
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…
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H1. 2019 Multi-family
Posted: August 1, 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.
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H2. 2018 Multifamily
Posted: January 31, 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 million. Volume was down 3.2% from 2017 which saw $469 million in sales.
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H2. 2017 Multi-family
Posted: January 30, 2018
Multifamily property sales have declined marginally year-over-year, with a total sales volume of $521 million at the close of 2017, a 2.9% decrease.
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H1. 2017 Multi-family
Posted: July 17, 2017
Low interest rates fuel both demand for reasonably priced product and the desire to retain well performing assets. Only aggressive purchasers will win over hesitant vendors.
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