CRE This Week: What's impacting the Canadian market
March 18, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
March 18, 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: Industrial
51 Scottfield Drive, Scarborough
$11,500,000
$513 per sq. ft.
Brokers: Greg Clark, Daniel Bahrami, Madison Scott (Colliers) & Jolyn Ting (Royal LePage Signature Realty)
Greater Vancouver Area: Industrial
#120, 19288 22nd Avenue, Surrey
$7,025,000
$506 per sq. ft
Broker: Sebastian Espionsa & Grant Basran (Lee & Associates)
Greater Montreal Area: Industrial
11601-11701 Albert-Hudon Blvd, Montreal-Nord
$38,125,000
$71 per sq. ft.
Greater Calgary Area: Industrial
5622 Burleigh Crescent SE, Calgary
$10,200,000
$163 per sq. ft.
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters |
|---|---|---|---|---|---|
Industrial | Oshawa | 1100 Thornton Road South | $32,450,000 | $251 | per sq. ft. |
Industrial | Oakville | 760 Pacific Road | $16,811,300 | $296 | per sq. ft. |
Apartment | Old Toronto | 323 Lonsdale Road | $8,955,000 | $447,750 | per unit |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | Chilliwack | 45766 Henderson Avenue | $3,950,000 | $188,095 | per unit | |
Industrial | Richmond | #115, 2668 Simpson Road | $2,323,890 | $570 | per sq. ft. | Steve Brooke, Joel Barnett & Alex Ma (CBRE) |
Office | Vancouver | #487 & 662, 8250 Manitoba Street | $2,292,950 | $809 | per sq. ft. | Graham Davidson & Matth Smith (Colliers) |
Greater Montreal Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Saint-Laurent | 7350 Frederick-Banting Street | $218,000,000 | $671 | per sq. ft. | |
Apartment | LaSalle | 8081 Newman Blvd & 8080 Juliette Street | $28,100,000 | $270,192 | per unit | |
Office | Outremont | 400 Atlantic Avenue | $17,000,000 | $171 | per sq. ft. | Scott Speirs, Nicolas Savoy (CBRE) |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Calgary | 7220 Railway Street SE | $6,750,000 | $434 | per sq. ft. | Marshall Toner, Ryan Haney, Carey Koroluk (Jones Lang LaSalle) |
Industrial | Balzac | 261211 Wagon Wheel Way | $6,100,000 | $390 | per sq. ft. | |
Hotel | Cochrane | 5 Westside Drive | $4,800,000 | $78,689 | per room |
ECONOMIC PRINT
Canada commercial real estate market indicators
One $1.2B deal accounted for half of Vancouver's office investment in 2025
Vancouver's office sector posted a 92% increase in transaction volume, hitting $2.5 billion. But nearly half came from one deal: Pontegadea's $1.2 billion purchase of The Post in Q4, the largest single-asset office transaction in Canadian history. Strip out that landmark sale, and office investment would have been flat year-over-year. The Post is a trophy asset: 1.3 million square feet in downtown Vancouver's core, predominantly leased to Amazon.
Figure 1: Vancouver property transactions by asset class year-to-date
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Vancouver commercial real estate market update - Q4 2025
Vancouver’s CRE market saw approximately $9B in full-year 2025 transactions, down 14% year-over-year, with retail and office gains offset by significantly softer land, multi-family, and industrial investment.
CRE valuation has outgrown traditional processes: Is it time for a new approach?
Market disruptions have exposed the limits of traditional CRE valuation and why connected workflows, better data, and expert oversight matter more than ever.
About our research team
Edward Jegg
Research Manager, Data Solutions
Altus Group
Edward Jegg serves as a Research Manager on the Data Solutions team at Altus Group, leveraging over 35 years of extensive experience in the commercial real estate sector to deliver market intelligence to the industry. Jegg plays a key role in creating and disseminating detailed market reports across Canada, providing stakeholders with timely insights for investment decision-making. Jegg is a recognized expert, frequently offering media commentary on real estate trends and recently receiving the prestigious Chair's Award of Merit from BILD for his outstanding contribution to the field.
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 commercial real estate 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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