According to the 2024 RE/MAX Commercial Real Estate Report, strong population growth and housing supply issues have prompted a significant shift in the Canadian commercial real estate market as builders and developers adopt an “all-hands-on deck” approach to solving Canada’s housing shortage.

Commercial Market Trends

  • Multi-family construction continues unabated across Canada.
  • High-density and mixed-use development is on the rise.
  • Capital gains tax — the government giveth and taketh away.
  • Industrial real estate continues to experience strong demand.
  • ​​​Bricks and mortar retail stores still hold their appeal.

Market-By-Market Analysis

View the interactive report on remax.ca and click the icons to discover the regional commercial market trends.

Western Canada

Vancouver, BC

Calgary, AB

Edmonton, AB

Saskatoon, SK

Regina, SK

Winnipeg, MB

Ontario Atlantic Canada

London, ON

Greater Toronto Area, ON

Hamilton, ON (Halton to Niagara)

Ottawa, ON

Halifax, NS

St. John’s, NL

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