Year-to-Date Statistics
Average Price Per Suite YoY Change
Average Cap Rate YoY Change
Source: RealNet – 10+ Suites
Q2-2020 vs. Q2-2019
Transactions % Change
Sales Volume % Change
Suites Traded % Change
Source: RealNet – 10+ Suites
Purpose Built Rental Development
Suites Under Construction Suites Proposed
Source: Urbanation GTA | Quarterly Sales Volume vs. Suites Sold GTA | 2006 – Q2-2020
Annual Q2 YTD $ Volume Suites Sold Suites Sold $3.5B 14k $350k $3.0B 12k $300k $2.5B 10k $250k $2.0B 8k $200k
$1.5B 6k Suites $150k
Transaction Volume $1.0B 4k $100k Average Average Price Suite per $500M 2k $50k
$3.5B 0 0
2006 –Q2-2020 5-Year GOC 10-Year GOC Cap Rate Bond Yield Bond Yield 8.0% 7.0% 6.0% 5.0%
4.0% Rates 3.0% 2.0% 1.0% 0.0% 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 YTD
Colliers Canada | GTA Multifamily Market Report | Q2 2020 collierscanada.com/research P.2 Date Address Purchaser Sale Price Suites $ / Suite 9 Property, Flagship Property Ventures 6/29 Timbercreek $ 143,370,000 509 $ 281,670 Portfolio, Toronto 4/29 2313 Islington Avenue, Etobicoke Golden Equity $ 22,400,000 80 $ 280,000 25 Villa Road & 90, 92 James Street, 4/15 Starlight Investments $ 26,500,000 102 $ 259,804 Etobicoke 4/1 600 Eglinton Avenue West, Old Toronto SpiceCart Investments $ 17,800,000 60 $ 296,667
3/4 223 Woodbine Avenue, Old Toronto Equiton Partners $ 19,900,000 48 $ 414,583
2/27 2801 Jane Street, North York Starlight Investments $ 64,000,000 234 $ 273,504
2/18 31 - 35 St. Dennis Drive, North York Starlight Investments $ 80,000,000 331 $ 241,692
1/27 2777 Kipling Avenue, Etobicoke Q-Residential $ 93,000,000 325 $ 286,154
1/22 11 - 25 Sherwood Avenue, Old Toronto Minto Group $ 34,500,000 102 $ 338,235
Properties Sold Per Quarter
Q1 Q2 Q3 Q4 160 140 120 100 80
Properties 60 40 20 0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 YTD
By Suites Acquired YTD By Suites Acquired YTD
REITS / Institutions
27% Starlight 36% Timbercreek Q-Residential 22%
Minto Group 78% 3% Golden Equity 4% Private All Other
12% 18%
Colliers Canada | GTA Multifamily Market Report | Q2 2020 collierscanada.com/research P.3 Average Rental Rates Q2-2020 vs. Q2-2019 – Built Since 2005
Q2-2020 Q2-2019 $5,000 Avg. Rent $2,412 0.03%* Q2’19 $4,000
$3,000 Rent PSF $3.28 $0.03 Q2’19 $2,000
Average Average Rental Rates $1,000 Vacancy 1.8% 0.9% Q2’19 $0 Studio 1-Bed 1-Bed+D 2-Bed 2-Bed+D 3-Bed+
Source: Urbanaion Source: Urbanation * Same building
By Suites By Suites per Region
Number of Suites Proposed
Purpose-Built Rental: 67,090 Condo Condominium: 435,055 Toronto Number of Suites Under Construction Peel Purpose-Built Rental: 13,358 York Condominium: 76,177 Halton Durham Total Count Purpose-Built Rental: 80,448 Condominium: 511,232 Rental
Source: Urbanation
Notable Rental Development - Expected 2020 Completion Developer Location Building Name Suites GWL Realty Advisors High Park The Livmore High Park 528
Collecdev Downsview 36 Tippett 171 Bentall Kennedy / KingSett Capital Downtown Core 99 Gerrard Street West 274
Notable Condominium Development – Expected Launch Q3 / Q4 Developer Location Building Name Suites Alterra Downtown East 28 Eastern 331 Empire Communities Harbourfront Empire Quay House 460 Graywood / Phantom Downtown East JAC Condos 458
Colliers Canada | GTA Multifamily Market Report | Q2 2020 collierscanada.com/research P.4 • • • •