Province and City 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 Conference Board of Canada 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.
- Commercial real estate development contributed $40.2 billion in GDP.
- Commercial real estate development generated $10.1 billion in government revenues.
- Commercial real estate development created and supported 419,197 Canadian jobs.
- Commercial real estate development generated $25.2 billion in labour income.
The data source is Economic Impacts of CRE in Canada, 2018 edition, developed by the Conference Board of Canada and published by the NAIOP Research Foundation.