CRE This Week: What's impacting the Canadian market
September 9, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
September 9, 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: Office
95 Mural Street, Richmond Hill
$28,400,000
$261 per sq. ft.
Brokers: Peter D. Senst, Jaysen Smalley, Kai Tai Li (CBRE)
Greater Vancouver Area: Office
Units 1501 & 1510, 9686 137th Street, Surrey
$3,388,020
$1,306 per sq. ft.
Brokers: Jason Teahen, Rob Chasmar, Arun Heed (Colliers)
Greater Montreal Area: Industrial
4243 Marcel-Lacasse Street, Boisbriand
$12,500,000
$390 per sq. ft.
Brokers: Louis-Philippe Labonté, Martin Creamer, Simon Simard-Dubé (Proulx, Vadnais et Associés Inc.), Mathys Larocque (Vendirect Inc.)
Greater Calgary Area: Industrial
3516 26th Street NE, Calgary
$4,850,000
$296 per sq. ft.
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Burlington | 3250 Harvestor Road | $33,270,000 | $300 | per sq. ft. | Peter D. Senst, Mathew Brown, Kai Tai Li (CBRE) |
Industrial | Scarborough | 70 Maybrook Drive | $12,130,000 | $298 | per sq. ft. | Bryan Li, Jenny Fang, Ryan McDonnell, James Wagstaff (Jones Lang LaSalle) |
Apartment | Mississauga | 3310 Fieldgate Drive | $10,470,000 | $261,750 | per unit |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Retail | Delta | 1215 56th Street | $18,200,000 | $650 | per sq. ft. | Andrew Gormley, Jon Buckley, Curtis Leonhardt, Joe Genest, Armaan Sohi (Marcus & Millichap) |
Apartment | Vancouver | 1025 Chilco Street | $10,650,000 | $355,000 | per unit | Brandan Price (Rennie & Associates Realty) |
Industrial | Surrey | Unit 105, 3170 194th Street | $6,350,000 | $449 | per sq. ft. | Sebastian Espinosa, Grant Basran, Rajan Hundal (Lee & Associates) |
Greater Montreal Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | Dollard-des-Ormeaux | 33 Hasting Street | $10,750,000 | $290,541 | per unit | Amy Assaad (Royal Lepage Du Quartier) |
Industrial | Mirabel | 14555 Joseph-Marc-Vermette Street | $8,500,000 | $300 | per sq. ft. | |
Apartment | Vieux-Longueuil | 1086-1116 de Chambly Road | $5,525,000 | $230,208 | per unit |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Calgary | 11511 35th Street SE | $4,674,202 | $129 | per sq. ft. | |
Office | Calgary | 1043 19th Avenue SE | $1,830,000 | $512 | per sq. ft. | Brad Willson (Re/Max Realty Professionals) |
Apartment | Calgary | 424 Sabrina Road SW | $1,376,000 | $344,000 | per unit | Tim Mangat (CIR Realty) |
Market Indicators
Vancouver CRE market investment down 23% YoY in H1
Vancouver's commercial real estate investment volume fell 23% year-over-year to $3.5 billion in H1 2026, as capital allocation shifted toward defensive, income-oriented assets. Most major sectors recorded lower transaction volumes, with multi-family down 41%, office down 46%, and industrial down 19%. Retail was the only sector to post year-over-year growth, rising a marginal 1% to $866 million. Read the full Q2 Vancouver market update.
Figure 1: Vancouver property transactions - All sectors by year
Vancouver sector-level investment trends
Vancouver's office sector recorded approximately $394 million in H1 2026 transaction volume, constrained more by limited high-quality supply than weakening demand. Availability reached 12.4%, up 10 basis points year-over-year, and has remained in the 12% to 13% range for a third consecutive year. In industrial, volume fell 19% to nearly $669 million, but fundamentals stayed tight with availability at 5.9% and four straight quarters of positive absorption.
Figure 2: Vancouver property transactions by asset class year-to-date
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Vancouver CRE market update – Q2 2026
Vancouver investment activity contracted in H1 2026, with total dollar volume declining 23% year-over-year as capital shifted toward defensive, income-oriented opportunities.
Montreal CRE market update – Q2 2026
Montreal’s commercial real estate market showed strong recovery and growth in the first half of 2026, despite some macroeconomic and geopolitical uncertainties.
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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