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- š„ Canadian Multifamily Faces Pressure from Supply Surge and Trade Costs
š„ Canadian Multifamily Faces Pressure from Supply Surge and Trade Costs
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š Data Point
Canadian Multifamily Faces Pressure from Supply Surge and Trade Costs
Canadaās multifamily market is feeling the strain. New apartment supply has increased rapidly, and U.S. tariffs on construction materials are driving up project costs. In Vancouver and Toronto, vacancy rates remain stable for now, but landlords are offering more concessions to fill units. These headwinds could slow down rent growth and investment momentum in the second half of 2025.
š§ Market Watch
Aurora, Colorado Attracts New Multifamily Development
Toll Brothers and Gables Residential are partnering to build a luxury multifamily rental community in Aurora, Colorado. The 336-unit project will include one- and two-bedroom apartments, high-end finishes, and a clubhouse. With strong job growth in the Denver metro area and expanding demand in Aurora, developers continue to invest in upscale rental housing to meet future housing needs.
š§¾ Rule of the Day
Effective Gross Income (EGI)
Effective Gross Income (EGI) is the total income a property generates after subtracting vacancy loss and adding other income. Itās a more realistic figure than potential gross income and is used to assess the propertyās ability to cover operating costs and debt. Formula:
EGI = Potential Gross Income ā Vacancy Loss + Other Income (e.g., parking, laundry fees).
š± Green Build
Flooring Leader Recognized for Sustainability in Multifamily Materials
Mohawk Industries has been named a top sustainable brand in the flooring industry. The company has focused on recycled materials, low-emission products, and water-saving manufacturing processes. Multifamily developers are increasingly turning to such suppliers to meet green building certifications and reduce long-term environmental impact. Know more.
š Deal Radar
South Lake Tahoe, CA This is a refurnished 12-unit property located in the South lake Tahoe region. It was built in 1960 and renovated in 2024, and consists of 10 apartments and two single-family homes. | Victor, NY Located in an affluent submarket of Rochester, this is an 88-unit property. It is surrounded by 2.8 million sq ft of retail space and 2.3 million sq ft of office space, making it an excellent investment opportunity. | Twin Falls, ID Built in 1920, this property was updated in 2024, and consists of one-story eight units. It is located next to a community park and only minutes away from local schools. This well-maintained property in a high-demand rental market makes it attractive for investors. |
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