GTA Commercial Real Estate Embraces Change and Opportunity

GTA commercial real estate investment hit $2.9 billion in Q3 2025, up 6% from Q2 but down 6% year-over-year. Industrial assets led with 51% of transactions and $1.5 billion in sales, driven by strong demand and limited supply. Multi-residential investments fell, while retail surged 49%, focusing on necessity-based tenancies. Office investment declined 28%, though leasing improved. Investors remain cautious amid economic uncertainty despite better debt markets.