Canadian commercial real estate regains momentum as investor confidence builds
“Across Canada, we’re seeing markets become more actionable and decisive. Economic and geopolitical uncertainty remain, but occupiers and investors are more willing to move forward where fundamentals are strong,” said Mark Fieder, Principal and President of Avison Young Canada, based in Toronto. “The second half of 2026 is shaping up to be less about waiting for certainty and more about executing on opportunity.”
The survey results reflect a market that is neither euphoric nor stalled. Sentiment in Toronto, Ottawa, Calgary, and Edmonton has stabilised since the start of 2026, while Vancouver and Montréal are showing notably stronger enthusiasm.
Quality is emerging as the clearest differentiator, with high-quality and value-add properties drawing the most investor and occupier attention. Interest rates and financing conditions remain key considerations, and capital continues to gravitate toward assets with resilient income streams and strong operational performance.
That environment tends to reward active managers and institutional-grade product, which may shape conversations advisors have with clients evaluating private real estate or listed real estate vehicles.
Development uncertainty shifts shape
One of the more notable findings in the mid-year outlook is a shift in what developers identify as the primary source of risk.
