GTA Multifamily Q1 2026 Report
GTA Multifamily Q1 2026 Report
Today we're releasing our Q1 2026 Report for the GTA multifamily market.
Report Highlights
1. Transaction volume reached $569M across 20 deals, up 228.7% year-over-year and the busiest Q1 we've seen in several years. A total of 1,934 suites traded, up 248.5%, with stronger participation from both private and institutional capital.
2. Average price per suite held steady at $289,047, essentially flat year-over-year (+0.4%). Values have stabilized after 12-18 months of repricing. Average cap rates came in at 4.95%, up 50 bps year-over-year and 32 bps from Q4 2025. While broader capital market conditions played a role, the increase largely reflects a higher concentration of stabilized portfolio sales in the quarter, where limited rent upside relative to vintage value-add assets naturally implies a higher going-in cap rate.
3. Investors continue to focus on in-place income durability and long-term rent growth potential. A slowdown in new development is expected to reduce future housing supply, supporting long-term fundamentals for purpose-built rental assets.
Get analysis like this delivered every week.
Join 14,000+ multifamily professionals staying ahead of Ontario market trends.
