CRE This Week: What's impacting the Canadian market
June 24, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
June 24, 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
5900 Hurontario Street, Mississauga
$62,800,000
$328 per sq. ft.
Greater Vancouver Area: Industrial
13631 Vulcan Way, #125, Richmond
$7,700,000
$554 per sq. ft.
Brokers: Steve Brooke, Joel Barnett, Alex Mei, Luc Soares (CBRE)
Greater Edmonton Area: Industrial
4910 72nd Avenue NW, Edmonton
$3,000,000
$204 per sq. ft.
Brokers: Colton Colquhoun (NAI Commercial)
Greater Golden Horseshoe Area: Apartment
52 Sulphur Springs Road, Hamilton
$5,335,000
$177,833 per unit
Brokers: Alexander Silver & Tut Ruach (Colliers)
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Brampton | 43 Regan Road | $21,700,000 | $255 | per sq. ft. | |
Industrial | Vaughan | 71 Villarboit Crescent | $10,000,000 | $458 | per sq. ft. | Richard Flomen (Brixton Commercial) & Sean Fitzgibbons (Keller Williams Referred Urban Realty) |
Retail | Burlington | 2025 William O'Connell Boulevard | $8,100,000 | $520 | per sq. ft. | Kul Dhesy (Acres Real Estate) & Rocky Sekhon (Re/Max Paramount Realty) |
Industrial | Etobioke | 1014 Martin Grove Road | $6,190,000 | $785 | per sq. ft. |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Retail | Vancouver | 1798 Ontario Street & 25 East 2nd Avenue | $4,800,000 | $1,255 | per sq. ft. | Adrian Beruschi & Chloe Hamelin (CBRE), Brandon Sibal & Nick Fisher (Sitings Realty), Naseem Shivji (Oakwyn Realty Ltd.) |
Apartment | North Vancouver | 2357 Lonsdale Avenue | $3,300,000 | $275,000 | per unit | Mark Goodman, Megan Johal, Ian Brackett (Goodman Commercial Inc.) & Taylor Durham, Crosbie Desbrisay, Jackson Tang (NAI Commercial) |
Office | Richmond | 2777 Jow Street, #515 | $1,184,560 | $781 | per sq. ft. | Jackson Tang (NAI Commercial) |
Greater Edmonton Area
Sector | Municipality | Address | Price | Unit Price | Parameters |
|---|---|---|---|---|---|
Industrial | Edmonton | 12510 126th Avenue NW | $2,800,000 | $205 | per sq. ft. |
Retail | Fort Saskatchewan | 9818 102nd Street | $2,350,000 | $261 | per sq. ft. |
Apartment | Edmonton | 8119 121st Avenue NW | $1,600,000 | $106,667 | per unit |
Greater Golden Horseshoe Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Cambridge | 1425 Bishop Street North | $8,500,000 | $218 | per sq. ft. | |
Office | Hamilton | 1310 Highway 8 | $4,000,000 | $202 | per sq. ft. | |
Industrial | Brantford | 545 Mohawk Street | $1,400,000 | $400 | per sq. ft. | |
Retail | Hamilton | 967 Upper James Street | $1,250,000 | $145 | per sq. ft. | Reza Bakhtiari, Masoud Abdar Esfahani, Reza Hosseinnejad (Aecorn Realty) & Garland Zheng (Right At Home Realty) |
Market Indicators
Vancouver CRE Q1 2026: By the numbers
Vancouver's commercial real estate market recorded $1.9 billion in investment volume during Q1 2026, representing a 14% year-over-year decrease across all core asset classes.
Here's how the sectors performed:
Office: $338M (+45% YoY)
Retail: $443M (-10% YoY)
Industrial: $415M (-7% YoY)
Multi-family: $185M (-48% YoY)
Land: $543M (-24% YoY)
Vancouver property transactions by asset class YTD (Q1 2025 vs. Q1 2026)
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Why the next Canadian CRE cycle will be won on data
Practitioners from Altus Group, Newmark, and Centurion on why the data foundation has to come before the algorithm.
Vancouver CRE market update – Q1 2026
Our quarterly update on Vancouver’s commercial real estate market includes overall cap rates and notable property transactions across asset classes.
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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