As more Canadians become renters, interest and investment in multi-family rental properties remain high and it leads to be the fastest-growing segment in the modular construction industry. Based on new reports from The Business Research Company, the global multi-family modular and prefabricated housing construction market size is expected to grow to $62.62B in 2027 at a CAGR of 7.1%. In the first half of 2022, multi-family investment transactions amounted to $7.1B with a national average return of 7.4%. This alone accounted for 22% of all real estate transactions according to CBRE.
There are no signs of slowing down as Rentals.ca data showed the average rent per unit was up 12.4% and peaked at $2,024 by the end of 2022. Multi-family purchase transactions between CAPREIT, Q Residential, and Centurion Apartment REIT amounted to $533M for eight different properties thus shows the growing demand and investment potential of such properties. With 1.5 million multi-family units to be built, incentivized by the Rapid Housing Initiative’s (RHI) $1.5B funding and $22B of investment from Scotiabank and Bank of Montréal, companies are rapidly modularizing their building methods to stake their claim of the massive profits.
With the huge opportunities of multi-family properties investment, Modular for Multi-Family Housing Symposium by Trueventus is aimed to create a premier destination for construction industry professionals to gain insights and experience first-hand on the latest innovations and opportunities in modern methods of construction. Learning directly from the modular experts how to apply effective streamline workflows, improve productivity, generate stronger profit margins, and take advantage of the excellent networking opportunities throughout the symposium.
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