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Province and City Reports
Commercial real estate development in Canada generates key economic benefits across the country and supports economic growth at every level.
A report developed by the Altus Group 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 for selected major metropolitan centers, including Montreal, Ottawa, Toronto, Calgary, Edmonton and Vancouver.
National snapshot:
- Commercial real estate development contributed $78.4 billion in GDP.
- Commercial real estate development created and supported 595,090 Canadian jobs.
- Commercial real estate development generated $39.4 billion in labor earnings.
Province Flyers (2024 data)
The data source is Economic Impacts of Commercial Real Estate in Canada, 2025 Edition, developed by Altus Group and published by the NAIOP Research Foundation.
