CRE This Week: What's impacting the Canadian market
July 15, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
July 15, 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
250 Ferrier Street, Markham
$9,000,379
$428 per sq. ft.
Greater Vancouver Area: Office
93 Sixth Street, New Westminster
$4,000,000
$359 per sq. ft.
Greater Calgary Area: Office
926 5th Avenue SW, Calgary
$5,600,000
$66 per sq. ft.
Greater Montreal Area: Office
6850-6854 Sherbrooke Street East, Mercier-Hochelaga-Maisonneuve
$6,200,000
$129 per sq. ft.
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Office | Old Toronto | Wellington Square | $75,500,000 | $445 | per sq. ft. | |
Apartment | Old Toronto | 85 Wellesley Street East | $24,235,000 | $275,398 | per unit | |
Industrial | Mississauga | 7131 Edwards Boulevard | $8,920,000 | $444 | per sq. ft. | Alex Cord, Sam Sgambelluri, Harry Makkar (Colliers) |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | Abbotsford | Homestead Estates, 32101 Mount Waddington Avenue | $17,049,900 | $270,633 | per unit | Kevin Murray, Chris Wieser, Carey Buntain, Megan Low (Avison Young) |
Industrial | Vancouver | 1205-1221 Glen Drive | $5,100,000 | $742 | per sq. ft. | |
Industrial | Burnaby | 3905 2nd Avenue | $3,465,000 | $800 | per sq. ft. | Stonehaus Realty |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters |
|---|---|---|---|---|---|
Industrial | Calgary | 4915 77th Avenue SE & 8241 30th Street SE | $20,100,000 | $152 | per sq. ft. |
Industrial | Calgary | 7175 & 7220 12th Street SE | $9,000,000 | $238 | per sq. ft. |
Greater Montreal Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Boucherville | 1501 Ampère Street | $34,000,000 | $248 | per sq. ft. | |
Apartment | Côte-des-Neiges-Notre-Dame-de-Grâce | 5035-5045 Clanranald Avenue | $13,500,000 | $225,000 | per unit | |
Apartment | Saint-Constant | 196 du Grenadier Street | $8,500,000 | $354,167 | per unit | Mathieu Carrière (Re/Max Extra Inc.), Sylvie Cali (Vendirect Inc.) |
Market Indicators
Toronto condo sales remain 89% below the 10-year average
Every month, BILD GTA publishes their monthly New Homes report, powered by Altus Data.
The Greater Toronto condo market sold 193 units in May, 89% below the 10-year average. Three factors are compounding the weakness: much of the existing inventory is locked into legacy pricing at higher costs; the rebate's "substantially completed" requirement excludes most new high-rise projects given their typical development timelines; and only one new condo project has launched in 2026. The benchmark price for new condo apartments held at $1,029,489 in May, a level that appears to be functioning as a price floor.
Figure 1: BILD GTA May 2026 Report, May New Home Sales by Year & Project Type
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Why the next Canadian CRE cycle will be won on data
In our recent webinar, 50% of attendees named data fragmentation as their biggest barrier to using data well, and fewer than one in ten have operationalized AI. This article features practitioner expertise from Altus Group, Newmark, and Centurion, exploring why the data foundation has to come before the algorithm.
Canadian CRE market update – Q1 2026
Our national market update covers where capital moved in the first quarter and which sectors led the recovery.
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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