SW Ontario Multifamily Market Report

Prospect remains sound beyond near term. Southwestern Ontario’s multifamily sector enters 2026 on the back of continued resident inflow. While population growth has moderated amid a sharp decline in temporary resident arrivals, steady gains from permanent residents and intra-Ontario migration have sustained overall expansion. Compared with the Greater Toronto Area, the metro’s lower cost of living remains a key draw, particularly for households seeking affordability without sacrificing urban amenities. A well-integrated transit network and improving connectivity to major employment corridors have further enhanced its appeal. These structural advantages will continue to attract both domestic and international newcomers, underpinning rental demand over the medium to long term.