CRE This Week: What's impacting the Canadian market
September 2, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
September 2, 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: Apartment
2275 Victoria Park Avenue, Scarborough
$17,250,000
$250,000 per unit
Brokers: Patrick Harris, Geoff Roberts, Nick Macdonald, Alexander Dobell (Cushman & Wakefield)
Greater Vancouver Area: Office
Unit 403, 5750 Cambie Street, Vancouver
$3,094,000
$1,473 per sq. ft.
Brokers: Matthew MacLean, Andrei Jelescu, Jordan Corbett, Sydney Oslund (Cushman & Wakefield)
Greater Montreal Area: Industrial
4200 Hickmore Street, Saint-Laurent
$17,600,000
$266 per sq. ft.
Greater Calgary Area: Industrial
6403 Burbank Road SE, Calgary
$4,750,000
$317 per sq. ft.
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | Burlington | 3100 Harvester Road | $35,700,000 | $293 | per sq. ft. | Peter Senst, Mathew Brown, Kai Tai Li (CBRE) |
Apartment | North York | 50 Driftwood Avenue | $30,470,000 | $279,541 | per unit | Aik Aliferis, Taylor Simmons (Institutional Property Advisors Marcus & Millichap) |
Retail | Old Toronto | 35 High Park Gardens | $6,500,000 | $686 | per sq. ft. | Richars Shouldice (lennard Commercial) David Rad (PSR Brokerage) |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Retail | Vancouver | 2134 West 41st Avenue | $4,510,000 | $1,703 | per sq. ft. | Martin Moriarty, Mario Negris, Tate Veneir (Marcus & Millichap) |
Apartment | Vancouver | 958 East Broadway | $3,090,000 | $206,000 | per unit | Sim Waraich, Greg Ambrose (Colliers) |
Office | Delta | 5461 12th Avenue | $3,000,000 | $408 | per sq. ft. | Brent Lee (Sutton Group Seafair) |
Greater Montreal Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | CDN-NDG | 4080-4140 de la Côte‑Ste‑Catherine | $21,750,000 | $241,667 | per unit | Sébastien Gatti, Guillaume Monast, Marie-Claire Laflamme-Sanders, Santiago Garfinkle, Mark Sinnett (Avison Young) |
Industrial | Saint-Laurent | 4500 du Bois‑Franc Road | $17,650,000 | $224 | per sq. ft. | Ryan Cymer, Jean-Philippe Daunais (CBRE) |
Apartment | Saint-Lazare | 1688-1692 du Tournesol Street & 1800-1842 des Trèfles Street | $9,000,000 | $300,000 | per unit |
Greater Calgary Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | Calgary | 3415 85th Street NW | $2,880,000 | $360,000 | per unit | |
Retail | Calgary | 4019 17th Avenue SE | $2,328,000 | $249 | per sq. ft. | |
Industrial | Calgary | Unit 110, 3111 27th Street NE | $2,000,000 | $203 | per sq. ft. | David Jantzie, Tristan Starzynski, Ayden Hamilton (Avison Young) |
Market Indicators
H1 2026: Montreal CRE investment volume reached $5.7B, up 38% YoY
Montreal's CRE investment market picked up meaningfully in H1 2026, with total volume reaching $5.7 billion, a 38% increase year-over-year. Part of that gain reflects a weak 2025 comparison period, but capital deployed broadly across sectors, with multi-family, office, and industrial all posting YoY growth. The breadth of the recovery points to renewed institutional confidence rather than activity concentrated in a single asset class.
Figure 1: Montreal property transactions - All sectors by year
Multi-family led, but all sectors contributed to Montreal's H1 rebound
Montreal's multi-family sector led on volume at nearly $2.9 billion, accounting for half of all investment activity. Office saw the sharpest rebound at 149% YoY as institutional capital concentrated in Class AAA assets. Industrial grew 49%, driven by selective buying in prime logistics corridors. Retail held steady with a modest 10% gain, anchored by essential-service and food-anchored properties.
Figure 2: Montreal property transactions by total by asset class YTD (Q2 2025 vs Q2 2026)
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Montreal CRE market update – Q2 2026
Montreal’s commercial real estate market showed strong recovery and growth in the first half of 2026, despite some macroeconomic and geopolitical uncertainties.
Toronto CRE market update – Q2 2026
Toronto’s CRE market in Q2 2026 experienced significant growth in investment activity, due to strong performance in multi-family, industrial, and office sectors.
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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