CBRE – Canada Real Estate Market Outlook, 2025

The report by CBRE "Canada Real Estate Market Outlook, 2025" explores the economic and market conditions affecting Canada's real estate sector. Despite lower economic growth forecasts due to immigration curbs, Canada's long-term outlook remains strong, supporting commercial real estate demand. Investment activity is expected to increase as capital markets improve. Debt availability should also enhance, although lenders will remain selective. The office sector is set for recovery with a focus on experience-driven spaces, while retail expansion may target secondary markets. The industrial sector faces challenges from increased supply and softer demand. Multifamily housing experiences uncertainties due to immigration and new supply, but long-term fundamentals remain robust.