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Multifamily valuations face structural limits

Higher capitalization rates at upper end of market may compound pricing pressure
In one of the largest multifamily property sales of the year, Lankin Investments acquired 2 Silver Maple Court from GWL Realty Advisors in May 2025 for $132 million. (CoStar)
In one of the largest multifamily property sales of the year, Lankin Investments acquired 2 Silver Maple Court from GWL Realty Advisors in May 2025 for $132 million. (CoStar)
CoStar Analytics
December 11, 2025 | 3:41 P.M.

Toronto’s multifamily market has been buoyed by chronic undersupply, but cracks are beginning to appear.

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