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Average Cap Rate for Commercial Real Estate in Canada .
Average commercial cap rates in Canada, Q2 2026 (CBRE): multifamily High Rise A 4.53%, industrial Class A 5.73%, neighbourhood retail 6.56%, downtown Class B office 8.75%.
Cap rates Canada Q2 2026 (CBRE national averages): multifamily High Rise A 4.53%, industrial Class A 5.73%, neighbourhood retail 6.56%, downtown Class B office 8.75%. Lower cap rate = higher price. Cap rates directly affect commercial mortgage rates and DSCR qualification.
Scott Dillingham
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