Overview



The National Apartment Group – Toronto (NAG-Toronto)
is dedicated to providing a full range of acquisition and disposition services to multi-residential owners and investors. Clients benefit from our national and international platform, providing valuation and advisory services, debt and equity financing, marketing services, and access to our global network.

David Montressor, Executive Vice President and head of the National Apartment Group, has sold over $2 billion in apartment properties with NAG-Toronto and provides leading “Best of Class” real estate services for apartment owners and investors. Through CBRE’s national and international network, NAG-Toronto connects both private and institutional investors with owners and operators of multi-residential properties.

The Greater Toronto Area is Canada’s largest metropolitan area and boasts the highest level of international immigration in the nation. With a growing population of close to six million, and shifting demographics supporting increases in new renters, apartment properties will continue to remain in demand. A robust economy and a tight labour market experiencing historically low unemployment rates continues to draw new renters to the city.


As of year-end 2008, Toronto’s vacancy rate tightened significantly, dropping to 2.0%. This is down from 3.2% a year earlier. Strong immigration should further fuel demand for rental properties, continually increasing rental rates, while keeping vacancy rates at record lows. The average rental rate for a 2 bedroom unit rose by 3.2% in 2008 to $1,095. Transaction volumes throughout the GTA reached $874 million in 2008, an increase of 5.0% from 2007.