Canada Investment Overview Q2 2026

Canadian investment volumes rose to $16.2 billion in Q2 2026, reaching the highest level since early 2022

• Canadian commercial real estate investment volumes grew to $16.2 billion in Q2 2026 and was the highest quarterly total seen since early 2022. In addition to stronger single-asset and portfolio investment activity, Q2 2026 volumes were further buoyed by the completion of Welltower’s acquisition of Amica Senior Lifestyles.
• Multifamily remained the most active investment asset class in Q2 2026 with volumes totaling $6.5 billion, where the Amica Senior Lifestyles acquisition accounted for nearly half of the quarter’s volumes. Industrial continued to attract significant capital investment with $4.2 billion in volumes that well surpassed the trailing three-year quarterly average pace.
• Foreign investors accounted for the highest level of quarterly investment activity since Q1 2023, making up 43.9% of acquisitions. Private Canadian investors were the second largest purchaser group this quarter, accounting for slightly over one-third of acquisitions.
• Cross-border investment into Canadian commercial real estate totaled $4.3 billion in Q2 2026, bringing the total for the first half of 2026 to $5.1 billion and already surpassing the full year totals of the prior two years.
• Overall investment activity was broadly positive in Q2 2026 with six out of nine tracked markets recording year-over-year growth in volumes. Toronto dwarfed all other markets and single-handedly accounted for 44.0% of national volumes in Q2 2026.