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Multifamily investors in Edmonton alter primary targets, but continue to spend

Facing prospect of longer lease-up times for newly built apartments, investors increasingly turn to older properties
Residential towers in Edmonton's skyline looking west toward downtown (Michael Mulligan/CoStar)
Residential towers in Edmonton's skyline looking west toward downtown (Michael Mulligan/CoStar)
CoStar Analytics
September 19, 2025 | 5:13 P.M.

Multifamily investment sales in Edmonton have continued on a torrid pace this year after a record-setting 2024. Total sales of rental apartments last year reached $1.68 billion, more than double the apartment property sales of $655 million recorded in 2022 and $653 million in 2023.

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News | Multifamily investors in Edmonton alter primary targets, but continue to spend