Skip to main content
REIT Stack

Research

Descriptive market research on Canadian commercial real estate — by city and sector, grounded in the brokers' own data.

Market reports · Q1 2026

Greater Toronto

IndustrialGreater Toronto Industrial — Q1 2026Greater Toronto's industrial market opened 2026 with the same theme its brokers had been tracking since late last year: demand is firming, supply is thinning, and rents are still resetting — but more slowly.11 pages
OfficeGreater Toronto Office — Q1 2026Q1 2026 across eight broker reports — falling vacancy, receding sublease, a widening split by building quality14 pages
RetailGreater Toronto Retail — Q1 2026Q1 2026 across five broker reports — one of North America's tightest retail markets, its absorption repriced by anchor closures, with a near-empty pipeline, firm pricing, and a sharp pullback in retail investment volume11 pages

Greater Vancouver

IndustrialGreater Vancouver Industrial — Q1 2026Greater Vancouver's industrial market opened 2026 with a shift in tone across most of its brokerage reports.13 pages
OfficeGreater Vancouver Office — Q1 2026Q1 2026 across seven broker reports — vacancy edging down off its cycle peak, the suburbs outperforming a still-soft downtown14 pages
RetailGreater Vancouver Retail — Q1 2026Q1 2026 across four broker reports — one of North America's tightest retail markets, where vacancy edged up on Hudson's Bay closures even as rents held firm, construction starts ran below their historical average, and Vancouver posted the tightest regional retail cap rate of any Canadian market surveyed12 pages

Greater Montreal

IndustrialGreater Montreal Industrial — Q1 2026Greater Montreal's industrial market entered 2026 showing what every broker in this compilation described as early stabilization, after a roughly two-year stretch of negative absorption and rising vacancy.13 pages
OfficeGreater Montreal Office — Q1 2026Q1 2026 across five broker reports — a polarizing market where premium space tightens, commodity space lags, and the brokers split on whether absorption has turned13 pages
RetailGreater Montréal Retail — Q1 2026Still among North America's tightest retail markets — the quarter's clearest moves were enclosed malls softening on Hudson's Bay closures and Montréal regional-mall cap rates marking up10 pages

Calgary

IndustrialCalgary Industrial — Q1 2026Calgary's industrial market opened 2026 much as it closed 2025: tight, active, and barely moved on the quarter.12 pages
OfficeCalgary Office — Q1 2026Q1 2026 across five broker reports — a downtown working through energy-sector consolidation and a suburban market several firms call their strongest in years13 pages
RetailCalgary Retail — Q1 2026Tight vacancy and steady rents on a single-broker read, with stable cap rates and a construction pipeline that surged through 2025.9 pages

Edmonton

IndustrialGreater Edmonton Industrial — Q1 2026Greater Edmonton entered 2026 as one of the steadiest industrial markets in Canada.13 pages
OfficeEdmonton Office — Q1 2026Q1 2026 across five broker reports — a market the firms split on by the headline numbers but read alike at the top of the quality ladder, against the strongest job growth of any major Canadian metro14 pages
RetailEdmonton Retail — Q1 2026Low but rising vacancy on a single-broker read as a supply wave outpaced demand, rent growth cooling to a stabilizing pace, and retail cap rates broadly flat.10 pages

Ottawa

IndustrialNo report
OfficeOttawa Office — Q1 2026Q1 2026 across five broker reports — net absorption uniformly negative on a handful of large federal-government move-outs and vacancy rising to multi-year highs, yet net asking rents holding near 17 dollars, with a new federal four-day return-to-office mandate the variable every broker is watching13 pages
RetailOttawa Retail — Q1 2026Q1 2026 from JLL's city retail report and the national cap-rate surveys — a market stabilizing after Hudson's Bay closures, supply held tight, the strongest 2025 rent growth among JLL's major markets, and retail yields stable and mid-pack nationally10 pages

Live market data

These reports give the narrative context. For the live city and sector dashboards, explore Markets.