Market Insights

From Altus Group – By the close of the third quarter, the Canadian commercial real estate (CRE) market experienced a deceleration in investment activity. Total investment volume reached $36 billion year-to-date, representing a decline of 12% compared to the same period in the preceding year.

From Canadian Mortgage Trends News – Canada’s real estate market is deep in a reset. Prices have fallen 17% from their peak, and development pipelines in Toronto and Vancouver have thinned to levels last seen in the mid-2000s.

From RENX.ca – The project was being undertaken by Ontario-based G Group Development and consists of a 31-storey condo building and a 10-storey office building with a shared two-storey commercial podium at 5220-5250 Yonge Street.

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.