Province and City Reports

Province Reports

Commercial real estate plays a significant role in the Canadian economy, creating valuable jobs and producing billions in revenue across provinces.

A report developed by the Altus Group Economic Consulting and published by the NAIOP Research Foundation quantifies the economic impact of commercial real estate investment in Canada, with a specific focus on estimating the impact tied to investment in the country’s largest Census Metropolitan Areas.


National snapshot:

  • Commercial real estate development contributed $148.4 billion in GDP.
  • Commercial real estate development generated $67.5 billion in personal earnings (wages and salaries).
  • Commercial real estate development created and supported 1 million Canadian jobs.
  • Commercial real estate development generated $278.4 billion total economic activity..

The data source is Economic Impacts of Commercial Real Estate in Canada, 2022 Edition, developed by the Altus Group Economic Consulting and published by the NAIOP Research Foundation.

Province Flyers
(2021 data)
Alberta: Calgary
Alberta: Edmonton
British Columbia: Vancouver
Ontario: Toronto