March 2026
TRREB professional newsletter
Altus Group's monthly snapshot of Toronto’s new home and commercial market - giving TRREB professionals the data and trends they need to stay one step ahead.
TRREB members can sign in at OntarioMLP.ca and select MLS® Tools to access Altus Data Studio.
COMMERCIAL
Featured property transactions
Greater Toronto Area: Apartment
60 & 70 Esther Lorrie Drive, Etobicoke
$48,700,000
$251,031 per unit
Greater Golden Horseshoe: Apartment
849 Concession Street, Hamilton
$7,600,000
$126,667 per unit
Greater Toronto Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date | Brokers |
|---|---|---|---|---|---|---|---|
Apartment | North York | 170 Sentinel Road | $15,036,000 | $250,600 | per unit | Mar. 13, 2026 | Barbara A. Bardos & Zean Wang (CBRE) |
Industrial | Oakville | 2425 WyecroftRoad | $13,938,700 | $257 | per sq. ft. | Mar. 5, 2026 | |
Retail | Burlington | MountainGrove Plaza | $10,275,000 | $406 | per sq. ft. | Mar. 10, 2026 | Brett Taggart, Brad Walford, Sean Comiskey (CBRE) |
Industrial | Uxbridge | 1 Banff Road | $5,652,500 | $468 | per sq. ft. | Mar. 5 2026 |
Greater Golden Horseshoe Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date | Brokers |
|---|---|---|---|---|---|---|---|
Industrial | Brantford | 254 Henry Street | $16,600,000 | $130 | per sq. ft. | Mar. 6, 2026 | John Bar (Avison Young) |
Industrial | Kitchener | 305 Arnold Street | $8,000,000 | $148 | per sq. ft. | Mar. 6, 2026 | |
Retail | Hamilton | 10 Brockley Drive | $3,400,000 | $336 | per sq. ft. | Feb. 27, 2026 | |
Office | Hamilton | 177 Rebecca Street | $2,575,000 | $352 | per sq. ft. | Mar. 10, 2026 | Adam Ionico & Adrian Mekli (Blair Blanchard Stapleton), Kevin Shearon (Webster Retail Commercial Real Estate) |
Sector spotlight
GTA office investment in 2025 varied across regions
Return-to-office mandates and shifting workplace preferences continued to reshape the GTA office market in 2025, and the regional story was not uniform.
Investment volume declined across most regions year-over-year. York saw the steepest contraction, down 47%. Halton was the exception: $132M transacted, up 10% year-over-year.
Pricing moved differently. The GTA-wide average price per square foot rose $31/sq. ft. year-over-year. Every region except Peel posted an increase.
Figure 1: GTA office investment sales activity by region, 2019 - 2025
GTA office transaction activity and pricing trends
The GTA office market closed 2025 with $1.3B in transaction volume, a 19% year-over-year decrease. Despite the pullback in dollar volume, deal count actually increased. 200 transactions closed over the year, up 16% from 2024, pointing to a shift toward smaller transaction sizes.
On the supply side, no new office space was completed in Q4. Seven buildings totalling 2.1M sq. ft. remain under construction, with 18% of that space still available for lease.
Figure 2: GTA office investment sales activity by quarter, 2020-2025
Coming soon
Vellore Trails
by Arista Homes
9465 Weston Road
Vaughan, ON
Expected opening: Spring 2026
Description:
Coming soon to Vaughan, Vellore Trails by Arista Homes will offer 155 traditional and back-to-back townhomes, along with 15 detached homes. The community is anticipated to launch in Spring 2026.
New project openings
Development name | Builder | Municipality |
|---|---|---|
Greenpark Group | Mississauga | |
Branthaven Homes | Mississauga | |
Arista Homes | Markham | |
Deco Homes | Markham | |
Fieldgate Homes | Markham | |
Forest Hill Homes and State Building Group | Markham | |
Greenpark Group | Markham | |
Madison Group | Markham | |
Opus Homes | Markham | |
Lancaster Homes | Thorold |
Builder commissions & incentives
North Oak Condos at Oakvillage - Tower 4B
by Minto Developments
4% commission (as of March 4, 2026)
Price range: $648,900 - $1,081,900
Oakville (3075 Trafalgar Road)
Occupancy: December 1, 2025
Westshore
by Minto Developments
3.5% commission (as of March 5, 2026)
Price range: $586,900 - $1,126,900
W6 - Toronto/Etobicoke (3580-3600 Lake Shore Boulevard West)
Occupancy: February 1, 2025
Dupont
by Tridel
4% commission (as of March 11, 2026)
Price range: $580,000 - $1,795,000
W2 - Toronto/York (840 Dupont Street)
Occupancy: May 1, 2026
Queen Church
by Tridel
4% commission (as of March 11, 2026)
Price range: $695,000 - $2,309,000
C8 - Toronto (60 Queen Street East)
Occupancy: June 1, 2027
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Canadian CRE market update - Q4 2025
Canada's 2025 commercial real estate market held firm at $52.9B as retail led gains, hotel momentum built, and investors moved toward active deployment.
Vancouver CRE 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.
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