Marketbeat – Multi-Family

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 Multi Family

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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