Most markets see vacancy fall, including Montreal’s first quarterly vacancy decrease since 2020
Insight
21 April 2026
Canada Office Market Dynamics - Q1 2026
Categories:
Canada's office vacancy rate was stable at 18.1% in Q1 while vacancy is projected to fall in Q2. All major markets except for Calgary and Ottawa are now seeing a downward trend in vacancy and Montreal witnessing it's first quarterly decline in 6 years.
Click below to download the individual city insight reports:
Calgary office insight
Summary and analysis of Calgary's current economic and office real estate market conditions.
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Montreal office insight
Summary and analysis of Montreal's current economic and office real estate market conditions.
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Southwest Ontario office insight
Summary and analysis of Southwest Ontario's current economic and office real estate market conditions.
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Vancouver office insight
Summary and analysis of Vancouver's current economic and office real estate market conditions.
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Toronto office insight
Summary and analysis of Toronto's current economic and office real estate market conditions.
Edmonton office insight
Summary and analysis of Edmonton's current economic and office real estate market conditions.
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Ottawa office insight
Summary and analysis of Ottawa's current economic and office real estate market conditions.