A brief look at 2016
Overall, there were 1,260 transactions completed in 2016, thats up by 15% from 2015. The average price of a plex that sold was approximately $750,000. The vast majority of buyers for these properties came locally from Quebec, with a very insignificant number coming from outside of Quebec. The CAP rate, is averaging out at just under 5% in the Greater Montreal Area. The CAP rate is calculated by dividing the NOI (Net Operating Income) by the purchase price. For more information please dont hesitate to contact me for a meeting. - Serge K.