Colliers Research is the industry cornerstone of authoritative statistics, forecasts and market commentary across Canada
With access to more than 20 years of comprehensive historic market data, extensive research capabilities and access to ‘live’ deal information, no other firm in Canada can provide such a complete commercial real estate research solution.
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Featured National Market Outlooks
Featured National Market Outlooks
Mar 7, 2024
National Investment Report Year End 2023
The investment market subsided in 2023 after an unprecedented run in the low-rate environment of 2021 and 2022. Continued Bank of Canada rate increases in 2023 weighed on the market, along with uncertainty about key assets such as downtown office and the land/development market. While dollar volume and number of sales declined significantly from the peak of 2022, both remain at pre-pandemic levels. The new investment market has shifted in three areas: the buyer profile, the asset classes preferred by investors, and the geographic distribution of sales. Pension plans and life insurance companies have seen their active participation in market transactions decline and are often looking to rebalance their portfolios out of real estate and/or away from Canada. Industrial and logistics continues to be the biggest component of the investment market, with both private equity and foreign buyers actively pursuing opportunities as they come available. Investment volume held up better in industrial-heavy markets such as Quebec and Ontario, whereas markets dependent on development and land, such as Vancouver, saw significantly lower transaction and dollar volume activity.
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Feb 15, 2024
Foot Traffic Insights Report
Leveraging smart-phone data, Colliers now has anonymized insights into the retail and tourism sites people frequent.
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Feb 2, 2024
Canada Cap Rate Report Q4 2023
The lack of rate hikes since July has stabilized the market, as the drastic changes of 2022 and early 2023 recede.
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Local Market Reports
Local Market Reports
Mar 14, 2024
Montreal Investment Market Report Year End 2023
2023 was characterized by creative deal-making as advisors and investors adjusted pricing expectations. Despite a 33% annual decrease in total sales volume, “beds and sheds” remained the assets of choice. 60% of total sales volume came from multifamily and industrial investments. 78% of transactions came from private investors as institutions remained on the sidelines. Industrial zoned land accounted for 81% of ICI land deals, as developers remain confident in long-term leasing prospects.
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Mar 11, 2024
Edmonton Investment Market Report Year End 2023
Total dollar volume in Edmonton declined by 5% across all asset classes, down to $2.9 Billion in 2023 from $3.1 Billion in 2022. The total dollar volume of improved assets only decreased by 1% in 2023. While there was a decrease in the total dollar volume overall, both the retail and multifamily classes experienced an increase of 6% and 36%, respectively. The two largest sales were industrial buildings: 26615 92 Avenue in Acheson and Fourell Business Park in Edmonton. Casinos were the top three largest retail transactions in 2023 and shopping centres began to trade again after several down years during the pandemic.
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Mar 11, 2024
Greater Toronto Investment Market Report Year End 2023
Following a substantial decrease in total dollar volume of sales transactions in the Greater Toronto Area (GTA) from 2022 to 2023, there are indications of resilience and adaptability within the market. While the GTA industrial market has felt the effects of high interest rates and economic uncertainty, the backlog of high demand and limited space over the past few years has sheltered the market from significant downturn. The decline in sales activity, attributed partly to the Bank of Canada's interest rate hikes, signifies a return to pre-pandemic levels after the record highs of 2021 and 2022. The shift in preferences reflects changing consumer behaviour and economic conditions, suggesting that investors are reevaluating their portfolios in response to evolving market dynamics. Despite economic uncertainty and historical supply constraints within the Greater Toronto Are (GTA), 2023 witnessed increased activity from the private sector and buyers exploring non-traditional lenders for financing, as a result of changing market conditions and tighter lending standards.
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As Quoted By
Colliers Talks
Colliers Talks
Dec 8, 2023
Colliers Talks: The Pursuit of Downtown Vibrancy in Calgary and Vancouver
Downtown vibrancy and success partly stem from the amount of commercial and employment activity in the area, and especially the conditions of the office market.
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Oct 11, 2023
Colliers Talks: Colliers’ 125 Years: Taking Risks and Making Moves
Brian Rosen, CEO of Colliers Canada, takes a journey through the past while plotting future success with Chris McLernon, Global CEO for Real Estate Services at Colliers.
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Sep 19, 2023
Colliers Talks: RBC’s Claire Fan paints the national economic picture
Since March 2022, the Bank of Canada has raised interest rates 10 times. The policy lending rate has ballooned from a historically-low rate of 0.25 in early 2022 to 5.0% today.
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Sep 8, 2023
Podcast: Assessing challenges & opportunities in the GTA industrial market
KingSett Capital, Crestpoint Real Estate Investments, and Panattoni Development join Colliers to analyze the market signposts
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