10/13/2026
🏢 Ontario CRE Update: Q3 2026, Demand Is Back
GTA tenants kept taking space this quarter. Industrial absorption was positive for a fifth straight quarter, and downtown Toronto office vacancy fell faster than any other downtown in Canada. Industrial asking rents are still easing, which matters if you're renewing or deciding whether to buy.
📊 Q3 2026 Core Market Metrics
🏭 Industrial: The GTA absorbed 2.0M sq ft, its fifth positive quarter in a row. Availability held at 5.0% even with 2.4M sq ft of new space delivered, and average asking net rents are down 3.1% from a year ago.
🏙️ Office: Downtown Toronto vacancy fell 0.9 points to 13.1%, the largest drop of any downtown in Canada. Suburban vacancy is still 19.6%.
💰 Capital: $16.2B was invested in Canadian commercial real estate in Q2, the most in a quarter since early 2022. Toronto took 44% of it.
🔑 Buy or lease: Industrial asking sale prices are up 2.5% year over year, while asking net rents are down 3.1%.
🏦 Rates: The Bank of Canada held at 2.25% on Sept 2. Next decision: Oct 28.
💼 Navigate the Market with Keystar Realty Inc.
Led by Iouri Chestopalov, Broker of Record, with over 20 years of industry experience, Keystar Realty Inc. translates market intelligence into competitive advantages for our clients.
🌐 Connect with us: keystarrealty.ca
📍 Keystar Realty Inc., Brokerage
🎯 Commercial, Industrial, Multi-Residential and Retail Real Estate across the GTA and SW Ontario.
👇 Renewing or buying in the next 18 months? DM me your unit size and I'll pull Q3 comps for it.
Sources: CBRE, Canada Industrial Figures Q3 2026 and Canada Office Figures Q3 2026; CBRE, Canada Investment Overview Q2 2026 (latest available); Bank of Canada, Sept 2, 2026.