British Columbia Multi-Family Investment Report (Spring 2021)
Investors remained exceptionally keen to acquire BC multi-family assets despite the economic fallout related to the arrival of COVID-19 with healthy deal and dollar volume registered in 2020.
Investors remained exceptionally keen to acquire BC multi-family assets despite the economic fallout related to the arrival of COVID-19 with healthy deal and dollar volume registered in 2020. With 39 sales valued at $740M in the back half of 2020 following 30 sales valued at $620M in the first half, annual deal and dollar volume totalled 69 transactions worth $1.36B, which exceeded sales activity in 2019. BC multi-family investment in 2020 achieved the third highest total on record (behind only 2018 and 2015) as dollar volume in BC surpassed the billion-dollar mark for the fourth consecutive year. While 2018 holds the record for most annual dollar volume ($1.51B), the record number of multi-family transactions (89) was set in 2017. (Avison Young only tracks multi-family investments trading at more than $5M for the purposes of this report.)