Ontario

St. Catharines-Niagara Multifamily Market Report 2025 — Prices, Cap Rates & Trends

In the St. Catharines-Niagara multifamily market, the median recorded sale price is $1,700,000, across 174 recorded transactions, between 2021-09-24 to 2025-12-29.

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$1.7M

Median sale price

174

Recorded transactions

7.7%

YoY change in median

Price distribution

Where St. Catharines-Niagara multifamily sale prices sat across 174 recorded transactions.

Median sale price by year

5 of 5 years in the window carried enough recorded sales to plot a median for St. Catharines-Niagara multifamily.

Recorded transaction volume by year

Year	Recorded transactions
2021	4
2022	24
2023	44
2024	57
2025	45

This market vs. Ontario overall

Metric	St. Catharines-Niagara	Ontario
Median sale price	$1,700,000	$2,194,500
25th percentile	$1,096,250	$1,325,000
75th percentile	$3,383,750	$4,750,000
Recorded transactions	174	29,749
Year-over-year change	+7.7%	-5.5%

Asset classes in St. Catharines-Niagara

Asset class	Median price	Transactions
Industrial	$2.6M	87
Land	$2.3M	128
Multifamily	$1.7M	174
Office	$1.7M	42
Other	$1.9M	228
Retail	$1.6M	151

Multifamily across Ontario markets

Market	Median price	Transactions
Barrie	$1.7M	94
Belleville	$2.1M	24
Brantford	$2.1M	60
Greater Sudbury	$1.5M	71
Guelph	$2.5M	75
Hamilton	$1.8M	295
Kingston	$1.8M	104
Kitchener-Cambridge-Waterloo	$2.5M	383
London	$2.2M	198
Oshawa	$2.1M	150
Ottawa	$2.1M	467
Peterborough	$2.6M	35
St. Catharines-Niagara	$1.7M	174
Thunder Bay	$1.3M	29
Toronto	$2.9M	1,462
Windsor	$1.8M	107

Rental market context

The CMHC Rental Market Survey reports a 3.9% purpose-built rental vacancy rate for St. Catharines-Niagara (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	St. Catharines, ON	$1.0M–$1.5M	Multifamily
2025-12	Fort Erie, ON	$5.0M–$6.0M	Multifamily
2025-12	Niagara Falls, ON	$1.0M–$1.5M	Multifamily

Municipality, month and price band only.

Common questions

What is the median multifamily sale price in St. Catharines-Niagara?

$1,700,000, across 174 recorded transactions in our dataset.

Are St. Catharines-Niagara multifamily prices rising or falling?

The median recorded sale price changed +7.7% year over year in the most recent full comparison.

Methodology

This page draws on 174 recorded commercial transactions in St. Catharines-Niagara between 2021-09-24 and 2025-12-29, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. All 5 years in the window carried enough sales to plot a median. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.