Commercial Listings & News · 25 October 2026
GTA tenants kept taking space in the third quarter. Industrial absorption was positive for a fifth straight quarter, and downtown Toronto office vacancy fell faster than in any other downtown in Canada. Industrial asking rents are still easing, which matters if you are renewing a lease or deciding whether to buy.
Industrial (GTA, CBRE Q3 2026)
- Net absorption: 2.0 million sq ft, the fifth positive quarter in a row
- Availability: 5.0%, unchanged from Q2, with 2.4 million sq ft of new space delivered
- Average asking net rent: down 3.1% from a year ago
- Average asking sale price: up 2.5% from a year ago
Office (Toronto, CBRE Q3 2026)
- Downtown vacancy: 13.1%, down 0.9 points, the largest drop of any downtown in Canada
- Net absorption: about 1.0 million sq ft, positive in every quarter of 2026
- Suburban vacancy: 19.6%
Capital (Canada, CBRE Q2 2026, the latest available)
- $16.2 billion invested, the most in a quarter since early 2022
- 44% of it in Toronto
Rates
- The Bank of Canada held its policy rate at 2.25% on September 2. Its next decision is October 28.
What it means for you
- If you lease: rents are still softening, but space is being taken. Get comparables and start your renewal early.
- If you are buying for your business: asking prices rose while rents fell. Compare the full cost of owning and leasing before you sign.
- If you invest: capital is back, and Toronto is taking the biggest share.
This week's listings in Vaughan
Current MLS® listings, newest first:
- Industrial for sale
- Industrial for lease
- Office, retail, investment and land for sale
- Office, retail and land for lease
Leasing, renewing or buying in the next 18 months? Send me your unit size and the rent you have been quoted, and I will send you comparables for your node. Call (416) 939-5284 or use the contact form.
Iouri Chestopalov, Broker of Record
Keystar Realty Inc., Brokerage
Sources: CBRE, Canada Industrial Figures Q3 2026 and Canada Office Figures Q3 2026; CBRE, Canada Investment Overview Q2 2026; Bank of Canada, September 2, 2026. Figures are market-wide averages, not an opinion of value for any property. Listing information comes from the MLS® System and is provided by the listing brokerages.
