The apartment business

If you think rents are high, you should see the price tag on apartment ownership. The apartment business is booming across Canada. The recent Colliers International 2014 Year End Multi-Family Market Overview ranks apartment blocks as the most stable investment asset in most of Canada's major cities.

So what's so hot about rental? Everything.

The past decade has been all about condo investment. Most cities have seen condo after condo be built and sold, with little more than a side note about new rental properties. The fact is, the apartment business has been steady and stable. But with current vacancy levels so low, the demand for apartments is driving market rent sky high. The apartment business is becoming more lucrative than ever before. While short-term condo investment has garnered a good return in a short time frame, the apartment business is offering investors stable long-term returns, making it lucrative to tie up capital in large investments.//collierscanada.com" target="_blank" rel="nofollow">collierscanada.com" />Interestingly, comparing apartment prices is done by 'price per door.' According to the Colliers Report, price per door has increased year-over-year by 4.98% to $128,603 as the national average.But some cities are far above the national average. Their higher price per door is much in line with the higher prices in their housing markets in genera - condo, home price and rental. Vancouver, Colliers has found, has the highest price per door - averaging $212,290. Of course, Toronto, with an average detached house price of $1Million is in close second, with an average price per door at $195,591. The deals are in Winnipeg and Montreal, where the average price per door is under $100,000. While Montreal may seem a bit surprising, because of its higher vacancy rate, it has low market rents so the motivation to own rental market assets is weaker.See alsoCondos going rental - a resurgence of interest in purpose-built rentalThe demand for new apartment buildingsAverage Toronto detached on a millionaire budget What does a $1,500 apartment look like across Canada?It's new apartments, not condos, coming to Honest Ed's site!