CRE This Week: What's impacting the Canadian market
August 12, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
August 12, 2026
Welcome to the latest edition of CRE This Week, powered by Altus Data Studio.
Our team has handpicked new and noteworthy market indicators, articles, and significant industry transactions that are impacting Canada's commercial real estate sector. We understand that your time is valuable, so we're excited to deliver research that helps you stay informed and saves you some time each Wednesday morning.
FEATURED TrANSACTIONS
Canada property transactions
Greater Toronto Area: Industrial
94 Brockport Drive, Etobicoke
$20,750,000
$272 per sq. ft.
Brokers: Cassandra Miller & Diana Hoang (Spear Realty Inc.); Jason Karametch (MFS Realty)
Greater Vancouver Area: Industrial
758 Alexander Street, Vancouver
$6,800,000
$498 per sq. ft.
Greater Montreal Area: Industrial
1943-1945 55e Avenue, Dorval
$17,000,000
$408 per sq. ft.
Brokers: Ryan Cyment (CBRE), Trimont Canada
Greater Calgary Area: Hotel
2828 23rd Street NE, Calgary
$18,270,000
$92,741 per room
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Office | Old Toronto | Citigroup Place | $243,622,000 | $707 | per sq. ft. | Peter Senst, Jaysen Smalley, Kai Tai Li (CBRE); David Tweedie, Nurit Altman, Keith Chan, Ryan Marino (RBC Capital Markets Real Estate Group) |
Industrial | Oakville | 1400 Advance Road | $13,500,000 | $361 | per sq. ft. | Stewart Metcalfe & Nick Stathers (Colliers); Sa'ad Ismail (GFA Realty Ltd.) |
Industrial | Mississauga | 278 Watline Avenue | $5,658,000 | $490 | per sq. ft. |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Delta | 7388 Hume Avenue | $8,800,000 | $484 | per sq. ft. | Luc Soares, Steve Brooke, Joel Barnett, Alex Mei (CBRE) |
Retail | Richmond | #150 & 160, 5911 No. 3 Road | $3,250,000 | $939 | per sq. ft. | Jess Kuang (Sutton Group 1st West), Wildon Tsang (Magnum Projects Ltd.) |
Office | Vancouver | #140, 9123 Bentley Street | $1,550,000 | $629 | per sq. ft. | Jason Teahen, Rob Chasmar (Colliers) |
Greater Montreal Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Lachine | 47-65 Saint-Joseph Boulevard | $9,000,000 | $118 | per sq. ft. | Mark Sinnett, Yann Charles, Sara Leblanc (Avison Young) |
Retail | Laval | 3455 Cartier Boulevard West | $8,550,000 | $479 | per sq. ft. | |
Industrial | Repentigny | 29 de Lyon Street | $7,300,000 | $323 | per sq. ft. |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Calgary | 9777 Enterprise Way SE | $5,575,000 | $290 | per sq. ft. | |
Apartment | Calgary | 212 32nd Avenue NE | $4,400,000 | $366,667 | per unit | |
Industrial | Calgary | 5110 56th Avenue SE | $4,130,000 | $218 | per sq. ft. | John Oliverio (Re/Max House of Real Estate) |
Market Indicators
Investor sentiment improved in the Greater Toronto Area
Despite headwinds from global geopolitical instability, shifting regional demographics, and the gradual recovery from a technical recession earlier in the cycle, market expansion remained promising and investor sentiment during Q2 was defensive but opportunistic. Capital focused on specific asset classes offering stronger income stability and long-term resilience, resulting in a 35% YoY increase in investment volume in H1 YoY ($10.2B).
Figure 1: Greater Toronto Area property transactions – All sectors by year
Sector performance varied across the Greater Toronto Area in H1
In H1 2026, multi-family posted the strongest growth of the quarter, with nearly $2.4 billion in transaction volume driven by broad institutional demand across the GTA's urban core and expanding suburban hubs. Office investment surged on the back of a clear flight to quality, with capital concentrating almost entirely in Class AAA and A assets as occupiers competed for a shrinking pool of premium downtown space. For insights about industrial, retail, and land sectors, read our Q2 2026 Toronto CRE market update.
Figure 2: Greater Toronto Area property transactions by asset class (Q2 2025 vs. Q2 2026)
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Canadian industrial market update – Q2 2026
Canada's industrial availability rate hit 6.2% in Q2 2026, up 10 bps year-over-year, as cautious leasing and disciplined development defined the market.
Canadian office market update – Q2 2026
Canada's office market hit 15.6% availability in Q2 2026 as return-to-office mandates and record-low construction pipelines tightened conditions nationally.
About our research team
Edward Jegg
Research Manager, Data Solutions
Altus Group
Edward Jegg is a Research Manager, Data Solutions at Altus Group, with over 35 years of commercial real estate expertise. He delivers market intelligence across Canada, transforming complex data into actionable insights for investment decision-making. Edward is a recognized expert in real estate trends and recipient of BILD's Chair's Award of Merit.
Jennifer Nhieu
Senior Research Analyst, Data Solutions
Altus Group
Jennifer Nhieu is a Senior Research Analyst, Data Solutions with Altus Group, where she specializes in providing timely, data-driven insights into the Canadian market. Leveraging her background in CRE and geographic information science, Jennifer is a key contributor to Altus Group’s quarterly research insights. She transforms complex data sets into clear, actionable intelligence, helping stakeholders make informed decisions.
About the Data Solutions team
Behind every update in our newsletter is the work of our Data Solutions team, a group dedicated to keeping you informed on commercial real estate activity across Canada. From Vancouver to Toronto (and everywhere in between), they track transactions, visit properties, and add the local context that numbers alone can’t capture. Their work goes beyond deals, by providing insights into new home developments and sales trends, as well as detailed office and industrial inventory data across key markets, from Montreal and Calgary to Winnipeg, Quebec City, and Atlantic Canada.
Disclaimer: The opinions expressed in this newsletter are solely those of the authors and are not endorsed by Altus Group Limited, its affiliates and its related entities (collectively “Altus Group”). This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice or services of Altus Group. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy, completeness or reliability of the information contained in this publication, or the suitability of the information for a particular purpose. To the extent permitted by law, Altus Group does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. The distribution of this publication to you does not create, extend or revive a client relationship between Altus Group and you or any other person or entity. This publication, or any part thereof, may not be reproduced or distributed in any form for any purpose without the express written consent of Altus Group.
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