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REIT Takes Advantage of Surging Toronto Condominium Market With Latest Deal

Canadian Apartment Properties Sells Off Two Noncore Assets, Expands in Quebec City
Canadian Apartment Properties REIT has bought this building in Quebec City. (CAPREIT)
Canadian Apartment Properties REIT has bought this building in Quebec City. (CAPREIT)
CoStar News
October 4, 2021 | 3:23 P.M.

Canada's largest publicly traded apartment real estate investment trust is cashing in on Toronto's surging condominium market by selling two properties in the country's biggest city while expanding in Quebec's provincial capital, moves that extend Canadian Apartment Properties REIT's push into secondary markets.

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