In 2024, there were more new home construction starts in Canada than in the previous year. Construction starts peaked in 2021, when there were ******* housing units whose construction started that year. Despite the restrictions imposed in Canada during the COVID-19 pandemic, the industry managed to continue operating, with increases in the number of housing starts in 2020 and 2021. How many homes are under development? In 2023, the number of housing units that were under construction in Canada was approximately ******** units. After a period of stagnation until 2016, the housing industry witnessed a significant surge in construction activity. Numerous factors are attributed to this rise, including the heightened demand for housing, an expanding economy that encouraged investment, and the response to the shortage of housing. How expensive are homes in Canada? In 2024, the average cost of a house in Canada was around ******* Canadian dollars. The average house price had increased that year by ****** Canadian dollars compared in 2024 compared to the previous year. The house price-to-income ratio in Canada increased slightly in the third quarter of 2024.

This table contains data described by the following dimensions (Not all combinations are available): Geography (11 items: Canada; Prince Edward Island; Nova Scotia; Newfoundland and Labrador ...), Housing estimates (3 items: Housing starts; Housing under construction; Housing completions ...), Type of unit (6 items: Total units; Semi-detached; Single-detached; Multiples ...).

Housing Starts in Canada increased to 283.73 Thousand units in June from 282.71 Thousand units in May of 2025. This dataset provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at ******* Canadian dollars in 2023 and was forecast to reach ******* Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From ******* units sold, the annual number of home sales in the country is expected to rise to ******* in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

New housing price index (NHPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (201612=100).

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, real, price index, indexes, and price.

Housing Index in Canada decreased to 123.40 points in June from 123.70 points in May of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is forecast to increase by USD 427.3 billion, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives and the rising emphasis on remote work and online shopping. This trend is transforming the commercial real estate landscape, with a shift towards adaptive spaces that cater to the evolving needs of businesses and consumers. The increasing adoption of marketing strategies, such as digital marketing and experiential retail, is driving demand for commercial properties that can effectively showcase brands and create memorable customer experiences. Additionally, the shift towards remote work and online shopping is leading to a surge in demand for data centers, logistics facilities, and flexible office spaces.
However, this market is not without challenges. The rapid pace of technological advancements and changing consumer preferences pose significant obstacles for commercial real estate developers and investors. The need to adapt to these shifts and stay competitive requires a deep understanding of market trends and the ability to pivot quickly. Furthermore, regulatory changes and economic instability can also impact the market's growth trajectory. To capitalize on the opportunities and navigate the challenges effectively, companies must stay informed about the latest market trends and consumer preferences. Investing in technology and innovation, while also maintaining flexibility and adaptability, will be key to success in the evolving the market.

What will be the Size of the Commercial Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market activities unfolding across various sectors. Environmental impact assessments are increasingly crucial in property development, shaping the design and construction process. Tenant representation plays a pivotal role in securing suitable spaces for businesses, while 3D modeling facilitates effective space planning and data visualization. Due diligence is an ongoing process, ensuring compliance with legal and regulatory requirements. Property tax assessments, vacancy rates, and property management are essential components of commercial real estate investment strategies. Distressed properties present opportunities for joint ventures and strategic investments, while interior design and machine learning contribute to enhancing tenant experience and optimizing building performance.

Investment properties, industrial properties, and urban planning strategies benefit from big data analytics and virtual tours, enabling informed decision-making. Commercial mortgages and brokerage services facilitate the buying and selling of properties, while occupancy costs and building codes ensure operational efficiency and safety. The market is a complex, ever-changing landscape, with continuous market dynamics shaping its various sectors. From environmental impact assessments to tenant representation, property management, and investment strategies, the integration of various components is essential for success in this dynamic industry.

How is this Commercial Real Estate Industry segmented?

The commercial real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Offices
  Retail
  Leisure
  Others


Channel

  Rental
  Lease
  Sales


Transaction Type

  Commercial Leasing
  Property Sales
  Property Management


Service Type

  Brokerage Services
  Property Development
  Valuation Consulting
  Facilities Management


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The offices segment is estimated to witness significant growth during the forecast period.

The U.S. commercial real estate market is undergoing major shifts, particularly in the office segment, driven by flexible work models, evolving corporate needs, and technological advancements. Businesses now favor adaptable, tech-enabled spaces to attract talent, fueling demand for co-working hubs like Regus and WeWork. Industry leaders such as Google and Amazon are redefining office design to boost collaboration and satisfaction.

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The Offices segment was valued at USD 476.50 billion in 2019 and showed a gradual increase during th

The number of housing starts in British Columbia, a province in the east of Canada, have fluctuated significantly during the last decades. While 50,490 home constructions started in 2023 in this Canadian province, the number of residential construction starts in 2009 was just 16,000 units. In comparison, the number of housing starts in Ontario tends to be much higher than in British Columbia.

The house price for Ontario is forecast to increase slightly in 2025, after declining by six percent in 2023. From roughly 872,312 Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to rise to 881,039 Canadian dollars in 2025. After British Columbia, Ontario is Canada's most expensive province for housing. Ontario Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2023 was an estimated 15.6 million people. The median total family income in 2022 came to 101,920 Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2025. Additionally, the average home prices in Ontario have significantly increased since 2007.

Average House Prices in Canada decreased to 688600 CAD in June from 690200 CAD in May of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

Ambulatory healthcare was the type of building with the highest construction costs in Ontario (Canada) in 2024. The cost of that type of building ranged from *** to *** Canadian dollars per square feet. Townhouses, along with warehouses, among the cheapest buildings to construct, even though the townhouse sale price in Canada was much higher in 2024 than in a decade earlier. On the other side of the residential spectrum, the construction cost of high-rise buildings with mid-end specifications could reach up to *** Canadian dollars per square feet. The housing sector in Ontario The fast population growth in Toronto, the main city in Ontario, has put pressure on its housing market. From 2001 to 2023, the number of people living in Canada’s largest city increased from **** to *** million people. During the past years, house prices in Ontario rose at a similarly fast pace. Combined, these elements signal a strong demand for homes in Toronto and Ontario as a whole. The construction sector has responded to this trend: In 2023, most housing starts in Canada took place in the province of Ontario. That same year, EllisDon Corporation, with headquarters in Mississauga (Ontario), was the second-largest contractor in Canada. One of its largest residential/mixed-use projects under development is the 489-539 King St. West Development, in Toronto. Construction cost in North America Building construction costs in Quebec, the second most populous province in Canada after Ontario, had a similar cost range: Ambulatory healthcare buildings were the most expensive, and warehouses were the cheapest to build. However, enclosed malls and higher education buildings were significantly more expensive in Quebec than in Ontario. Across the border, the cities with the highest residential construction costs in the U.S. were San Francisco for multi-family housing, and New York City for single-family housing. Meanwhile, Los Angeles, San Francisco, and New York had the highest hotel construction costs in the U.S.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

The average house price in Nova Scotia in 2024 stood at approximately ******* Canadian dollars. In the next year, house prices are forecast to further increase by about five percent. Compared to other provinces, Nova Scotia ranked below the national average in terms of house prices. However, the average price of a house in Nova Scotia was twice lower than in Ontario or British Columbia. Exploding population growth in recent yearsNova Scotia is the second-smallest province after Prince Edward Island, and had a population of just under *********** in 2018. The population of this province was relatively steady between 2000 and 2015, but has taken off since then. This sudden growth may be a factor in the increasing house prices, as demand also increases due to the greater number of residents looking for homes. The future of housing affordability in Nova ScotiaHalifax, the provincial capital, had an affordable housing market as of 2018, with mortgage payments only constituting about ** percent of average household incomes. The number of housing starts in the region has increased in the past few years, which also suggests an increase in demand. Only time will tell whether this will ensure a sufficient supply of homes for the region in response to its growing population.

Debt-To-Capital-Ratio Time Series for Crombie Real Estate Investment Trust. Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2025, our portfolio contained 303 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects.

Listings per region on Airbnb declined from 2020 to 2021. Globally in 2021, there were a total of 12.7 million listings.

Incident-based fire statistics, by type of fire incident, Canada, Nova Scotia, New Brunswick, Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, Yukon, Canadian Armed Forces, 2005 to 2021.

The current average price per night globally on Airbnb is $137 per night.

The majority of guests on Airbnb are women. Most Airbnb guests are aged 25 to 34.

Data centers and hospitals were the types of buildings with the highest construction costs in Montreal (Canada) in late 2024. Constructing medium quality residential buildings cost between *** and *** Canadian dollars per square foot. That was significantly more expensive than townhouses. The construction costs in Vancouver were lower than in Montreal for many types of buildings.