Market Insights

From RENX.ca – With $1.74B already closed YTD compared to $1.54B in all of last year, 2025 is on pace to approach ~$2.0B. In fact, activity over the past two years has been well above pre-pandemic averages from 2017–2018. While the market has remained active, there has also been a shift in focus as investors have become more selective favouring disciplined underwriting and stable cash-flow-opportunities.

From Altus Group – Real estate values across the four main asset types – office, industrial, retail, and multifamily – saw little quarter-over-quarter change in Q3, dipping a slight 3 basis points.

“Considering the challenges and everything going on in the macro economy, flat is good. Valuations are holding up under market pressures

From Altus Group – The Greater Toronto Area (GTA) commercial real estate market experienced a notable slowdown in investment activity by the third quarter of 2025, with the total dollar volume transacted reaching nearly $11.3 billion (Figure 1). This figure represented a 13% decrease from the same period last year.

From blogTO.com – After years of stalled leasing and high vacancies, Toronto’s once-thriving office market might finally be inching toward recovery and could even see a meaningful rebound by 2026, according to a new industry report.

From Altus Group – The third quarter of 2025 was characterized by sustained economic deceleration within the Canadian economy. This trend culminated in a decisive monetary policy shift by the Bank of Canada (BoC) on September 17, 2025, when the key overnight rate was reduced by 25 basis points to 2.50%. This action effectively restarted the easing cycle that had commenced in 2024. The decision was necessitated by accumulating evidence of a weakening economy and was aimed at better balancing risk within the BoC’s monetary policy framework.

From RENX.ca – The first two condominium towers, standing 45 and 40 storeys on individual podiums, will have a combined 974 units. There will be a mix of one-bedroom, one-bedroom-plus-den, two-bedroom and two-bedroom-plus-den units.