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Investor Demand Exceeded Acquisition Opportunities in Multi-Suite Residential Rental Property Market in Q1 2025: Morguard
Investor Demand Exceeded Acquisition Opportunities in Multi-Suite Residential Rental Property Mar...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\n\n Investor Demand Exceeded Acquisition Opportunities in Multi-Suite Residential Rental Property Market in Q1 2025: Morguard\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n MISSISSAUGA, ON\n \n\n ,\n \n\n June 10, 2025\n \n\n /CNW/ - Investors continued to exhibit strong interest in acquiring core-quality multi-suite residential rental property that were expected to generate attractive yields. However, the availability of properties for acquisition was limited, according to Morguard's 2025 Economic Outlook and Market Fundamentals First Quarter Update (\"Morguard\") (TSX: MRC).\n \n\n \"The multi-suite residential rental sector's continued resilience was observed in the first quarter, amid global trade tensions,\" said\n \n Angela Sahi\n \n , President and Chief Operating Officer of Morguard. \"Although the shifting global economic and financial landscape may further reshape the market,\n \n Canada's\n \n real estate sector is underpinned by solid fundamentals that should support it through periods of uncertainty.\"\n \n\n\n Multi-Suite Residential Real Estate\n \n\n Demand for multi-suite residential rental property acquisitions outpaced supply in the first quarter. Investors maintained strong interest in acquiring core-quality individual assets and portfolios expected to generate attractive yields. However, supply constraints continued to limit sales closings.\n \n\n Asking rent growth for the largest multi-suite residential rental units was the strongest in the first quarter of 2025. A combination of factors including the high cost of homeownership, persistent inflation, and economic volatility supported demand for larger rental units. These dynamics contributed to above-average asking rent growth for three-bedroom units over the past year. Looking ahead, demand and rent growth for larger units are expected to remain elevated amid intensifying economic uncertainty.\n \n\n\n Commercial Real Estate\n \n\n There was little change in office leasing market conditions in the first quarter of 2025, continuing the trend observed throu...