GTA commercial market remains a robust investor haven – Avison Young

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“The industrial, ICI land, and multi-residential sectors remained top-of-mind with investors,’ Avison Young said.

The industrial segment saw its investment volume increase by 79% quarterly to $2.5 billion. ICI land continues to benefit from the region’s ongoing development boom, with Q3 transactions amounting to nearly $1.5 billion (21% of the GTA total), Avison Young said.

Multi-residential investment volume totalled $1.3 billion during the third quarter, increasing by 65% from Q2 and by 133% from Q3 2020, Avison Young said.

“Demand for housing remains strong across the GTA, and a limited supply of assets continues to make the multi-residential sector a highly sought-after asset type,” Avison Young said.