February 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
25 Cosburn Avenue, East York
$40,660,200
$315,195 per unit
Greater Golden Horseshoe: Industrial
10 Washburn Drive, Kitchener
$4,764,500
$224 per sq. ft.
Brokers: Darren Shaw & Austin Randall (Lennard Commercial Realty)
Greater Toronto Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date | Brokers |
|---|---|---|---|---|---|---|---|
Industrial | Mississauga | 2425 & 2475 Meadowpine Boulevard and 2510 & 2520 Royal Windsor Drive | $195,240,000 | $358 | per sq. ft. | Feb. 11, 2026 | Peter D. Senst, Matthew Brown, Kai Tai Li (CBRE) |
Industrial | Scarborough | 1220 Birchmount Road | $8,225,000 | $298 | per sq. ft. | Feb. 5, 2026 | Hanan Goldfarb (Vanguard Northeast Realty) & Dave Stevens (Cushman & Wakefield) |
Industrial | Oakville | 1550 South Service Road West | $7,850,000 | $595 | per sq. ft. | Feb. 11, 2026 | |
Retail | Aurora | 15117 Yonge Street | $5,495,000 | $780 | per sq. ft. | Jan. 30, 2026 | Alireza Afzaz & Alireza Saberyghomy (Right At Home Realty) |
Greater Golden Horseshoe Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date | Brokers |
|---|---|---|---|---|---|---|---|
Industrial | Hamilton | 70 Unsworth Drive | $9,470,000 | $273 | per sq. ft. | Jan. 30, 2026 | |
Apartment | Kitchener | 103 Courtland Avenue East | $2,250,000 | $225,000 | per unit | Jan. 23, 2026 | Eric Frey (Coldwell Banker Peter Benninger Realty) |
Apartment | Hamilton | 17 Cloverdale Avenue | $1,600,000 | $145,455 | per unit | Jan. 20, 2026 | |
Office | Hamilton | 7 John Street | $1,100,000 | $579 | per sq. ft. | Jan. 12, 2026 |
Sector spotlight
GTA residential land deals cooled in 2025
This chart displays total dollar volume and transaction count for all residential land transactions over $1M in the GTA.
In 2025, investment volume fell 24% year-over-year to nearly $2.6 billion, reflecting a more cautious investment climate as stakeholders navigated economic uncertainty and elevated borrowing costs that weighed on project feasibility. Transactions followed suit — 223 deals recorded, down 26% from 301 the prior year.
GTA residential land investment sales activity by year, 2015-2025
Regional breakdown of GTA residential land investment
This chart displays total dollar volume by region for all residential land transactions over $1M in the GTA.
Four of the five regions saw year-over-year declines in residential land investment volume in 2025. The City of Toronto was the exception, recording a modest 5% increase, from nearly $866M in 2024 to $912M in 2025. Peel region saw the steepest drop at 59%, followed by Halton, York, and Durham.
Figure 2: Greater Toronto Area residential land investment sales activity by region, 2019-2025
Coming soon
Enclave
by Cachet Homes
11000 New Dundee Road
Kitchener, ON
Expected opening: Q1 2026
Description:
Coming soon to Kitchener is a collection of 23 ft. traditional and rear lane townhomes by Cachet Homes. This new development will feature 127 townhomes starting from the $700s. The official launch date is anticipated for the end of Q1 2026.
Builder commissions & incentives
North Oak Condos at Oakvillage - Tower 4B
by Minto Developments
4% commission (as of February 10, 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 February 11, 2026)
Price range: $586,900 - $1,126,900
W6 - Toronto/Etobicoke (3580-3600 Lake Shore Boulevard West)
Occupancy: February 1, 2026
Dupont
by Tridel
4% commission (as of February 9, 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 February 9, 2026)
Price range: $695,000 - $2,309,000
C8 - Toronto (60 Queen Street East)
Occupancy: June 1, 2027
RESIDENTIAL
New project openings
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Toronto CRE market update - Q4 2025
GTA CRE investment totalled $16.2 billion in 2025, down 8% year-over-year. Retail led all asset classes, up 16% to $2.4 billion, driven by demand for food-anchored properties.
Canadian CRE investment trends - Q4 2025
Our Q4 2025 Investment Trends Survey shows pricing holding steady across most asset classes as uncertainty keeps the market cautious. Read the full report for insights on cap rates, investor preferences, and momentum across Canada.
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