Research

Canada Industrial Insights - Q1 2022

Rental growth rate continues at record pace as Canada's industrial market remains red hot in all regions

April 20, 2022
Contributors:
  • Chad Piche
  • Deborah Saunders
  • Justin Share
  • Matthew Clark
  • Marga Chan

The Canadian Industrial Market remains red hot as rental rate growth continues at record pace in several markets. Leading the way was Toronto with a 30.3% year-over-year rate increase, closely followed by Montreal and Vancouver with a 28.8% and 28.7% increases respectively. Meanwhile vacancy in most markets dropped lower, hitting as low as 0.6% in Vancouver.

 

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Vancouver industrial insights - Q1 2022

Investors scramble for land as demand outstrips supply.     
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Montreal industrial insights - Q1 2022

Montreal industrial vacancy rate increased slightly, while rental rates continued to rise.     
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Edmonton industrial insights - Q1 2022

Demand for distribution and logistics space continues to drive Edmonton’s heating market.     
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Toronto industrial insights - Q1 2022

The construction pipeline ramps up as rental rates in Toronto reach new highs. 
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Calgary industrial insights - Q1 2022

Vacancy drops further and land sales dominate Q1.     
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Winnipeg industrial insights - Q1 2022

Construction activity ramped back up to meet sustained tenant demand.    
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Southwest Ontario industrial insights - Q1 2022

Record low vacancy marks the industrial market in Q1 2022     
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Ottawa industrial insights - Q1 2022

Ottawa witnessed its largest transaction in history as market remained hot.     
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Saskatchewan industrial insights - Q1 2022

Vacancy reached a new historic low as users and developers look to new construction.    
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