GTA Investments Sore for Q2
How sales hit record-breaking numbers.
1 min read
Things are looking up for the Greater Toronto Area’s commercial real estate sector, as the value of transactions reached a record of $13.2 billion in Q2 of 2021. This resulted in an increase of 68 percent over last year. The key factors driving sales? Low-interest rates and high investor demand looking to place capital.
Ray Wong, Vice-President of data operations for Altus Group‘s Data Solutions division, stated, “Investors don’t see anything slowing us down. Inflation is there, but so far (it) hasn’t impacted the economic recovery and hasn’t impacted cap rates. Last year we saw cap rates go up for regional malls and offices. Now we’re seeing more of flatness and continued drops in cap rates for industrial and multifamily.”
From April to May, there were 1,417 transactions, including 13 valued at more than $100 million. All asset classes experienced an increase in volume.
Learn more about the GTA’s record-breaking investment sales for Q2 of 2021.
Reference
McLean, S. (2021, August 26). GTA sees Record-breaking CRE investment through Q2 2021: Renx - real estate NEWS EXCHANGE. RENX. https://renx.ca/record-breaking-gta-commercial-real-estate-six-months-2021/.
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