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Signals point to Montreal’s commercial real estate sector turning the corner

Investors appear more confident, supply of new office and industrial space is limited
With increased sales volume and limited construction, 2026 could be the start of a recovery in the city’s commercial real estate market. Shown is Montreal’s Old Port. (Olivier Gariépy/CoStar)
With increased sales volume and limited construction, 2026 could be the start of a recovery in the city’s commercial real estate market. Shown is Montreal’s Old Port. (Olivier Gariépy/CoStar)
CoStar Analytics
October 31, 2025 | 8:14 P.M.

Montreal’s commercial real estate market continues to adapt to various challenges. Yet after several difficult years, including a pandemic, the most rapid interest rate hiking cycle in modern times, and a trade war with the U.S., the city’s real estate markets appear to be finding their footing.

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News | Signals point to Montreal’s commercial real estate sector turning the corner