CRE This Week: What's impacting the Canadian market
July 1, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
July 1, 2026
Welcome to the latest edition of CRE This Week, curated by Altus Group’s Canada research team.
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
3190 Steeles Avenue East, Markham
$15,800,000
$270 per sq. ft.
Brokers: Bryant Wilson, Tony Gill. Michelle Saberon (CBRE) & Sara Xiao (Cypro Realty)
Greater Vancouver Area: Industrial
#201, 6680 152A Street, Surrey
$11,625,000
$511 per sq. ft.
Brokers: Vic Sandhar (Macdonald Commercial)
Greater Calgary Area: Apartment
1720 7th Street SW, Calgary
$2,735,000
$213 per sq. ft.
Brokers: Richie Bhamra, Tyler Allen, Geoff Mar, Duncan MacLean (CBRE)
Greater Edmonton Area: Industrial
854 78th Avenue NW, Edmonton
$2,735,000
$213 per sq. ft.
Brokers: Kevin Hughes, Gregg Maimann, Trevor Schmidt, Jordan Adams, Braylon Klemchuk, Jay Olmstead, John Allan McKay, Lucas Neumeyer (CBRE)
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Brampton | 89 Walker Drive | $100,000,000 | $290 | per sq. ft. | Colin Alves & Graham Meader (Colliers) |
Office | Old Toronto | 212 King Street West | $39,500,000 | $541 | per sq. ft. | |
Industrial | Mississauga | 1200 Fewster Drive | $5,365,000 | $473 | per sq. ft. | Michael Yull & Rory MacNeil (Cushman & Wakefield), Matt Wytiuk (Colliers) |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Retail | Vancouver | 6167 Fraser Street | $2,900,000 | $906 | per sq. ft. | |
Industrial | Port Coquitlam | #7-8, 1740 Broadway Street | $2,500,000 | $494 | per sq. ft. | Royal LePage West Real Estate Services |
Apartment | Chilliwack | 9452 Fletcher Street | $1,615,000 | $201,875 | per unit | Royal LePage Sussex |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters |
|---|---|---|---|---|---|
Hotel | Calgary | 2799 Sunridge Way NE | $8,909,946 | $117,236 | per room |
Retail | Calgary | 40 Copperpond Passage SE | $3,575,000 | $680 | per sq. ft. |
Industrial | Calgary | #160, 11080 50th Street SE | $2,600,000 | $358 | per sq. ft. |
Greater Edmonton Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Retail | Fort Saskatchewan | 9818 102nd Street | $2,350,000 | $261 | per sq. ft. | |
Retail | St. Albert | 550 St. Albert Trail | $2,250,000 | $410 | per sq. ft. | Armaan Sohi, Joe Genest, Curtis Leonhardt, Jon Buckley (Marcus & Millichap) |
Industrial | Edmonton | 10540 123rd Street NW | $1,800,000 | $324 | per sq. ft. | Richard Lizotte, Lee Berger, Cynthia Leduc (Lizotte) |
Market Indicators
National investment volume up 5% YoY in Q1 2026
In Q1 2026, total investment volume across Canada’s CRE markets reached nearly $10.7 billion, up 5% year-over-year. The increase was mainly driven by a substantial 158% year-over-year surge in office investment activity, with major metropolitan markets leading the recovery, specifically Montreal, followed by Ottawa and the GTA. Internationally, CUSMA provided a legal safeguard against rising U.S. trade protectionism, sustaining cross-border capital flows into the Canadian real estate sector during a period of shifting global trade tensions.
Figure 1: Canada’s total investment activity YTD – All sectors by region (Q1 2025 vs. Q1 2026)
National retail volume plummeted 40% YoY in Q1 2026
According to Altus Data Studio, national retail investment volume plummeted 40% year-over-year to nearly $1.4 billion in Q1. An acute shortage of premium foot-anchored assets, coupled with elevated financing costs, severely restricted transaction velocity and new development despite robust long-term fundamentals.
Figure 2: Canada’s property transactions by asset class (Q1 2025 vs. Q1 2026)
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Canadian CRE market update – Q1 2026
In our quarterly update on Canada’s commercial real estate market, we discuss investment trends across Canada’s major markets.
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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