The commercial real estate landscape in Canada is showing long-awaited signs of stabilization as we enter Q2 2026. According to a new report from Colliers, national office and industrial vacancy rates have both edged lower by 100 basis points year-over-year, settling at 13.6% and 3.5%, respectively. This shift marks a significant milestone following years of pandemic-era volatility. For GTA investors and commercial tenants, the data suggests a market finding its footing. The office sector is benefiting from a tightening in new construction, with less than 2.0 million square feet currently under development—a sharp contrast to previous years. Meanwhile, the industrial sector is moving toward equilibrium as supply finally catches up with demand. While geopolitical and interest rate headwinds persist, the narrative is shifting from a ‘glut’ to a more balanced environment. For a deeper dive into these national trends and their implications for your portfolio, read the full report at MPA Mag.
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