CRE This Week: What's impacting the Canadian market
October 7, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
October 7, 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
25 Sheppard Avenue West, North York
$81,500,000
$277 per sq. ft.
Greater Vancouver Area: Industrial
3140 Gilmore Diversion, Burnaby
$19,820,000
$1,180 per sq. ft.
Broker(s): D. Nathan Kewin, Blake Gozda, Jeevan Bath, Haley Aitken (Cushman & Wakefield)
Greater Montreal Area: Apartment
5160-5170 Macdonald Avenue, Côte-Saint-Luc
$23,500,000
$267,045 per unit
Broker(s): Guillaume Monast, Sebastien Gatti, Marie-Claire Laflamme-Sanders, Santiago Garfinkle (Avison Young)
Greater Calgary Area: Industrial
7236 10th Street NE, Calgary
$7,500,000
$210 per sq. ft.
Broker(s): Sean Clark, Tinyan Leung (Avison Young)
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters |
|---|---|---|---|---|---|
Apartment | East York | 8 Milepost Place | $24,750,000 | $325,658 | per unit |
Industrial | Whitby | 1125 Burns Street East | $17,250,000 | $246 | per sq. ft. |
Retail | Scarborough | 1165 Kennedy Road | $11,375,000 | $376 | per sq. ft. |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Retail | Langley | 8790 204th Street | $9,800,000 | $694 | per sq. ft. | Simon Lim, James, Jessica Hathaway (Colliers) |
Apartment | New Westminster | 820 Fifth Avenue | $5,300,000 | $203,846 | per unit | Sam Emam (Paradigm Group) |
Industrial | Burnaby | 1725 MacDonald Avenue | $5,050,000 | $540 | per sq. ft. | Joe Inkster, Hayden Ferrill (CBRE) |
Greater Montreal Area
Sector | Municipality | Address | Price | Unit Price | Parameters |
|---|---|---|---|---|---|
Industrial | Saint-Léonard | 6655-6665 Bombardier Street | $14,500,000 | $146 | per sq. ft. |
Industrial | Laval | 5281 Cleroux Boulevard | $12,200,000 | $983 | per sq. ft. |
Apartment | Repentigny | 739 Notre‑Dame Street | $8,500,000 | $90,426 | per unit |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Office | Calgary | 204 & 208 9th Street NE; 1010 1st Avenue NE | $7,500,000 | $263 | per sq. ft. | Drew Redekopp, Richie Bhamra, Geoff Mar, Tyler Allen (CBRE) |
Apartment | Calgary | 4731 79th Street NW | $3,006,000 | $751,500 | per unit | |
Industrial | Calgary | 4836 6th Street NE | $2,802,661 | $190 | per sq. ft. |
INSIGHTS Spotlight
Catch the latest research and insights from Altus
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In this episode of the CRE Exchange podcast, we sit down with Michael Clawar, SVP of Innovation at Altus Group. Michael has spent over a decade building predictive analytics and data science tools for CRE, and now leads innovation at Altus Group. This conversation covers where cheaper AI capability is reshaping CRE workflows, the role of institutional knowledge and data infrastructure, what clients in acquisitions and asset management really want from AI, and what a recent NBER study found about how AI affects professionals at different experience levels.
Canadian CRE market update – Q2 2026
Total national investment volume for the first half of 2026, excluding the Alberta markets, reached $24.1 billion, supported by year-over-year increases of 67% in multi-family and 61% in office activity, with growth concentrated in the eastern markets. The full story covers investment trends and volume across sectors and regions, core drivers of resilience and performance, and the outlook for the rest of 2026.
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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