Investment Retail sales volume in the GTA Reached $531M during the first quarter of 2020. This figure is up by 12% ($59M) compared to the first quarter of 2019, according to data released by Altus Group.

Altus Group Q1 Retail Investment Sales

While the quantity of investment transactions increased between 2018 and 2019, total dollar volume fell by 7%, or $183M, to $2.3 Billion.

The surge seen in Q1 is hopeful considering ⅓ of the quarter was clouded with coronavirus concerns. As the world entered global lockdown and the market began to cool off, investors began to furlough plans until brighter days.

Halton and Durham saw decrease in sales dollar volume, while Toronto, York, and Peel all saw improvements during the period.

Altus

Don’t expect to be celebrating too quickly. March’s market figures wielded some serious declines, and with April’s release only a few days away, these early gains will likely have be entirely reversed during the second quarter.

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