-  15 transactions in the first quarter totalled $78 million in sales volume.

-  Dwindling supplies of industrial development land have pushed values higher in high demand areas such as Brampton, Mississauga and Vaughan.

-  Serviced land has typically sold for between $550,000 and $625,000 per acre in high demand areas and between $350,000 and $450,000 per acre for unserviced sites.

-  Emerging markets such as Bolton and Milton see serviced land sale prices range from $350,000 to $525,000 per acre and unserviced sites between $100,000 and $350,000 per acre.

-  Values have also increased due to: the limitation on developable lands imposed by the Green Belt Act, increased domestic and international demand, the current capitalization and interest rate environment.

-  Giffels’ purchase of 80 acres on Airport Road in Brampton for $30 million accounted for 38% of total volume.

To view the entire report please click on the PDF file below.  

Contact Keith Reading at 416-777-2200 for more information.

Q106 Industrial Land Sales Rpt.pdf

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