More rental apartments continue to be built in Montreal than in Toronto
After declining between 2022 and 2024, apartment construction in Montreal has rebounded
Montreal and Toronto have been building more purpose-built rental, or PBR, apartment units in recent years, according to data from the Canada Mortgage and Housing Corporation, or C...
Overseas investors more likely to spurn Canadian markets
Number of transactions involving overseas investors has plummeted since 2023
Transaction activity in Canada’s real estate markets has slowed markedly since reaching a high point in 2022. That year, the total value of commercial property transactions of $5 m...
Montreal's small bay industrial tenants show a strong preference for newer space
Demand for space in older small bay industrial facilities has weakened since early 2024
The availability rate for non-owner-occupied, existing small bay warehouses on the Island of Montreal, defined for pusposes of this analysis as those with a rentable building area ...
Montreal Island’s small bay warehouse segment dominated by older stock
Over 80% of the city's small bay inventory was built before 1990
Montreal Island’s inventory of small bay industrial warehouses is increasingly dated. Over 80% of these facilities were built before 1990, which means that less than 20% were built...
Montreal's real estate sector grows increasingly insular as local players dominate the market
Despite its investment attributes, city is attracting less foreign capital than before
Increasingly, the most active commercial real estate buyers in Montreal are local players, and foreign capital is becoming increasingly rare. When overseas investors do purchase re...
Recent arrivals of large-bay industrial properties in Montreal look to be here to stay
These facilities reflect societal changes spreading across North America
Modern logistics and distribution facilities are a relatively new addition to Montreal, with almost half of all buildings that contain 75,000 square feet or more of rentable buildi...
Quebec hotel revenues remain robust despite decline in international visitors
Increase in domestic tourists appears to be picking up the slack in hotel room demand
The number of non-residents entering Quebec, a market that has historically served as a proxy for visitor traffic, declined in the first half of 2025 through May.
New apartment towers are transforming downtown Ottawa's skyline
More apartment buildings have been built in downtown Ottawa since 2020 than in any other recent decade
Although we are only halfway through the decade of the 2020s, developers have added more apartment buildings five stories or taller in downtown Ottawa in the last five and a half y...
Montreal office occupancy sees stronger recovery in newer buildings
Recent return-to-office orders prove to be a positive for the office sector, but challenges remain
Since 2024, newer office buildings in Montreal have begun to see a recovery in occupancy, while the performance of older office stock continued to languish.
Montreal industrial tenants give back space as market faces uncertain times
Available sublet space continues to pile up as U.S.-Canada trade dispute drags on
Montreal’s industrial market continued to weaken in the first half of 2025 reflected in the amount of available sublet space continued to increase to hit a record mount of 3.6 mill...
Canada's office recovery may take longer than elsewhere
Underperformance tied to elevated hybrid and remote work in effect since pandemic
Office availability in Canadian central business districts has increased more than in central business districts in the United States and the United Kingdom.
Ottawa commercial real estate sales remain in the doldrums so far in 2025
Property investors cautious ahead of expected cap on public service hiring
Ottawa’s real estate investment markets remain subdued. Like other Canadian markets, commercial property sales in the city fell in the first quarter of 2025 compared to 2024 levels...
Montreal's second-quarter property sales recover from first-quarter drop
Robust multifamily sales, uptick in office sales drive recovery
After three successive declines in quarterly property sales, Montreal’s real estate investment sales market showed signs of recovery in the second quarter of 2025. This comes after...
Quebec's housing supply staging a recovery after five difficult years
Increase in supply comes just as population growth is set to slow
After five years of limited housing construction, provincial housing supply in Quebec is starting to increase again.
Trade dispute draws attention to whether US tourists will remain stateside
Tourism numbers tend to fluctuate with value of Canadian dollar, but external events can also have an effect
U.S. tourism is crucial for Canada's economy. In 2024, U.S. tourists visiting Canada numbered over 14 million, more than double the levels of all other international tourists combi...
Montreal hospitality sector's make-or-break summer season under threat from fewer expected visitors
Fewer tourists are expected in Montreal this summer; international air passenger traffic to the city is also down
Montreal’s prime summer tourism season is getting ready to kick into high gear with the Canadian Grand Prix in mid-June followed in quick succession by the Festival International d...
After increasing online spending in 2024, Quebec residents indicate they are making changes
Latest NETendances survey suggests desire to avoid spending on US goods and shopping sites, which could mean more local retail shopping
The latest University of Laval’s NETendances survey, which focuses on Quebecers' online shopping habits, included a few questions covering the first quarter of 2025. The objective ...
Rising costs of building apartments have mostly slowed in Ottawa
General requirements remain one cost category that continues to increase
After increasing substantially in 2021 and 2022, increases in apartment construction costs in Ottawa have slowed. During most of the pandemic, construction cost increases in the pr...
Headline numbers suggest Montreal's condo market is healthier than it really is
Despite price and listings growth, city’s condo market faces hurdles as reflected in the number of mortgages in arrears, which has doubled since 2022
On the surface, Montreal’s condo market may appear to be holding up better than Toronto's or Vancouver's. As tracked by the Quebec Professional Association of Real Estate Brokers, ...
Downtown Montreal's office vacancy is concentrated in handful of buildings
Less than 20% of office buildings account for around half of all downtown vacant office space
Montreal’s downtown office vacancy rate has continued to move higher in recent quarters and now sits at over 15%, or over 20% for only those buildings actively marketing available ...