The newly released REMAX report analyzed first-quarter activity across 12 major Canadian commercial real estate markets and found that investors are capitalizing on opportunities that allow for strategic repositioning, adaptive reuse and targeted investment, as escalating global trade tensions, economic concerns and evolving market conditions loom large.

Canada’s Commercial Growth Leaders in 2025

Western Canada’s commercial markets, alongside Newfoundland-Labrador, led the country in terms of commercial growth in 2025, buoyed by an increase in population, greater investment activity, and solid economic performance.

Trends to Watch in 2025

  • Office/retail-to-residential conversions continue, yet at a slower pace.
  • Grocery-anchored retail centres remain a preferred asset for private and public investors.
  • The mall experience continues to transition.
  • Mid-market industrial with flex-space is popular with owner-occupiers.
  • Value of farmland and agri-industrial properties spikes in Saskatchewan.
  • Older multi-family building portfolios attract capital.
  • Seniors and students fuel demand for affordable housing.

Regional Market Trends

Explore the regional insights across 12 major Canadian commercial real estate markets. Use the assets to share the report findings on your social channels.