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“2022 was a year of extremes for the multi-family market in the GTHA,” Pauline Lierman, Vice President Market Research for Zonda Urban said.
Across Metro Vancouver, there are more than 20 towers over 45 storeys that have been approved by municipal governments, according to data from Zonda Urban market analyst Justin Lee.
Presale dangers ahead: A declining market could expose buyers to significant risk
“There has been a lot more interest in the rental market,” says Kendall Brown, market analyst for Zonda Urban, adding the trend is likely to continue.
Yet Edmonton’s new purpose-built rental market experienced even less growth in 2022, with rents increasing about two per cent for a one-bedroom to about $1,400 a month, Zonda Urban data for its thi