Canadian fourplex and multiplex cap rates
10 markets ranked by our screen — cap-rate band, ask per door, vacancy, and the play that fits each city.
Bank of Canada
BoC overnight target 2.3%
5-yr conventional mortgage 6.1%
Stress-test qualifying rate 8.1%
as of 2026-09-17
MarketSignalScoreDealsMarket rentCap rangeRent rulesBest play
Calgary, AB137 active listings · High demand · Medium vacancy riskPositive
88
137live$2,0501.2% - 3.3%LowMultifamilyMarket memoDeals · 137Edmonton, AB81 active listings · Medium demand · Medium vacancy riskPositive
83
81live$1,6501.3% - 3.7%LowBRRRRMarket memoDeals · 81Montreal, QCHigh demand · Low vacancy riskPositive
81
0$1,8504.8% - 6.2%HighPlex investingMarket memoDeals · 0Ottawa, ONHigh demand · Medium vacancy riskPositive
79
884$2,2504.3% - 5.6%HighBuy & holdMarket memoDeals · 884Winnipeg, MBMedium demand · Medium vacancy riskPositive
78
100$1,4505.5% - 7.0%MediumBuy & holdMarket memoDeals · 100Hamilton, ON156 active listings · High demand · Medium vacancy riskPositive
76
156live$2,0501.6% - 5.4%HighValue-add / flipMarket memoDeals · 156Gatineau, QC13 active listings · Medium demand · Medium vacancy riskSelective
73
13live$1,7002.7% - 9.8%HighDuplex/triplexMarket memoDeals · 13Toronto, ON3 active listings · Very high demand · Low vacancy riskSelective
72
3live$2,8500.8% - 1.4%HighMultiplex conversionMarket memoDeals · 3London, ON176 active listings · Medium demand · Medium vacancy riskSelective
70
176live$1,9001.7% - 5.2%HighBuy & holdMarket memoDeals · 176Vancouver, BCVery high demand · Low vacancy riskSelective
63
157$3,1502.0% - 3.5%HighDevelop / intensifyMarket memoDeals · 157United States
South Florida is on the roadmap. Not live for scoring, inventory, or lot check.
Coming soon
Coming soon — US markets are not live