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November 11, 2025
Montreal office tenants join trend of leasing smaller spaces
Montreal office lease deals continue to skew towards smaller blocks of space. In 2020, more than 80% of all office leases were for spaces greater than 10,000 square feet. By 2025, only 10% of all office leases signed were for blocks of space in this size range. The vast majority of office lease deals in Montreal are for less than 5,000 square feet.
November 10, 2025
After a slow start to 2025, property sales activity recovering in Montreal
After a slow start, real estate sales activity has accelerated across Montreal since the second quarter of 2025.
November 7, 2025
Homebuyers with mortgages renewing next year face bleak interest rate options
The housing boom that took place in Canada during 2020–2021 was driven by historically low interest rates and pandemic-induced demand. In Toronto, home sales peaked in March 2021 with over 15,000 home sales, more than double the five-year average of 7,000.
November 4, 2025
Uncertain trade outlook prompts revision of property-level forecasts for Canada
CoStar recently revised its property-level forecasts for Canada. Although a general recovery was expected for most property types by 2026, the recovery has been pushed back due to the lack of progress in resolving trade issues with the United States and potentially negative population growth over the next year.
November 3, 2025
Edmonton's cooling housing market creates an opportunity for renters to become homeowners
Edmonton has long been one of Canada’s most affordable major cities for housing. However, despite its clear affordability, providing renters with an opportunity to become homeowners, several factors have worked to limit home-buying activity in the province.
October 31, 2025
Opportunity to become a homeowner in Vancouver appears increasingly difficult
Vancouver’s homeownership market is experiencing a rare period of declining home values with benchmark apartment pricing down roughly 4.4% from a year ago to $682,200, the first time it has dropped below $700,000 since the start of 2023. But that may not be a big help.
October 31, 2025
Signals point to Montreal’s commercial real estate sector turning the corner
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.
October 24, 2025
Canadian hotel industry continues its robust performance growth in third quarter
Canada's hotel industry continues its healthy performance run with year-to-date revenue per available room — or RevPAR — up 4.7% through September, driven primarily by a 3.9% increase in average daily rate, or ADR.
October 23, 2025
When it comes to inflation, is 3% the new 2% for the Bank of Canada?
Canada’s headline inflation rate once again came in ahead of expectations in September, increasing to 2.4% from 1.9% the month before. Meanwhile, the Bank of Canada’s preferred measure of inflation, CPI trim, rose to 3.1%, just above the central bank’s inflation target range of 1% to 3%.
October 23, 2025
A World Series commercial real estate showdown
It's October, and sports fans are focusing on baseball's World Series. This year, the defending champion Los Angeles Dodgers face the Toronto Blue Jays in the fall classic.
October 20, 2025
Prognosis starts to improve for Toronto’s office market
The gap between the vacancy and availability rates in Toronto’s office market has narrowed back to pre-COVID averages, a promising sign of stabilization.
October 17, 2025
There's a silver lining to Canada's limited new supply of logistics space
While both Canada and the U.S. are contending with the elevated availability of big-box industrial warehouses catering to the logistics sector amid a cyclical slowdown in their economies and a trade war, the industrial space market in Canada appears better positioned than the U.S. to address this situation.
October 16, 2025
Calgary’s labour market struggles with oversupply and wage stagnation
The latest Calgary jobs report paints a challenging picture for the local economy, with implications beyond employment statistics.
October 16, 2025
Vancouver’s office-using employment trends downward, dragged by tech sector challenges
Roughly 18,000 jobs were added to Vancouver’s metropolitan market over the past year, a 1.1% increase, according to Statistics Canada's latest release published last week.
October 16, 2025
Multifamily construction remains robust in the Fraser Valley, but market conditions have shifted
The Fraser Valley has experienced substantial growth in recent years, driven by a robust office development cycle and a surge in industrial construction prompted by evolving consumer behaviours during the pandemic. With inventory now replenished, developers have scaled back construction in the commercial sector; however, residential development continues, albeit under increasing pressure.
October 15, 2025
Conversion may offer a leg up to green certification
For years, sustainability certifications such as LEED and BREEAM have primarily focused on the emissions generated during a building’s use through heating, cooling, lighting and other energy demands, known as operational carbon. These emissions, which accumulate over time, can be mitigated through the implementation of energy-efficient systems and the integration of renewable energy sources, which have been the main focus of sustainability certifications until recently.
October 14, 2025
Party may be coming to an end for retail
Retail real estate values are shaped by both economic conditions and demographic trends, and it’s not just about having money circulating in the economy.
October 10, 2025
Hoteliers set expectations for 2026 World Cup demand, pricing power
The hype surrounding FIFA World Cup 26 is palpable. It's the biggest iteration of the tournament in its near 100-year history, and it will be spread out between 16 North American markets.
October 8, 2025
Deep-discounted bulk sales may be needed to address the growing glut of unsold condos in Vancouver
Vancouver’s residential condo market is experiencing one of its most challenging periods.
October 8, 2025
Increased container traffic at Port of Vancouver should help trim elevated industrial vacancy
The recent increase in inbound container traffic at the Port of Vancouver is welcome news for the Vancouver distribution space market, which is already showing signs of warming up in the form of tightening logistics availability across Western Canada following a period of elevated vacancy.

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