Market

How Cap Rates Affect Commercial Property Valuation - FAQ

Cap rates affect commercial valuation inversely: Value = NOI / Cap rate. A 25 bps cap rate change shifts a stabilized commercial property value by roughly 4 percent at a 6 percent starting cap, and a 50 bps move can change value by 7 to 8 percent. The math, the drivers, and the refinance implications, answered in detail.

Market

Ottawa Commercial Cap Rate Trends 2026 - A Federal-Anchored Market Read

Ottawa commercial cap rates in 2026 reflect a federal-government-anchored market. CBRE Q4 2025 puts Ottawa Downtown Class AA office at 6.25-6.50% and Class B at 7.50-8.50%, with office availability up 170 bps YoY to 14.2% in Q1 2026.

Market

Guelph Commercial Real Estate Market 2026 | Appraisals.on.ca

Guelph is not a CBRE-tracked commercial market and no public cap rate series exists for it. Here is how an AACI practitioner sources defensible Guelph valuations from the Kitchener-Waterloo envelope, the Altus Southwestern Ontario rollup, the London parallel, and first-party comp work.

Market

Cambridge Commercial Real Estate Market 2026 - What the Published Data Actually Says

Cambridge commercial cap rates are not separately published. CBRE rolls Cambridge into the Kitchener-Waterloo bucket and Altus rolls Cambridge into Southwestern Ontario. A practitioner-grade synthesis of what the KW envelope, the SW Ontario industrial print, and the Waterloo EDC supply pipeline tell us about Cambridge in 2026.

Market

What Is a Cap Rate in Commercial Real Estate? Definition, Formula, and 2026 Ontario Context

A capitalization rate is the ratio of a property's stabilized net operating income to its market value or transaction price: Cap rate = NOI / Value. The 2026 Canadian national all-properties average sits at 6.61% per CBRE.

Market

The Canadian Commercial Real Estate Refinance Cycle in 2026

The 2026 Canadian CRE refinance cycle sits inside a Bank of Canada hold at 2.25%, the back-end of the 2021 five-year debt wall, and OSFI plus FSRA commercial-side guidance that requires fresh AACI-signed valuations. Here is what borrowers and lenders should expect this year.

Market

Ontario Industrial Cap Rate Trends 2026 - Toronto-Tight, Southwestern-Ontario-Improving

Ontario industrial cap rates in Q4 2025 ranged from 5.00% (Toronto Class A) to 7.00% (KW Class B), against a Canadian national industrial average of 5.91% Class A and 6.42% Class B per CBRE. Southwestern Ontario availability improved 40 bps year-over-year - the only major regional segment to do so.

Market

Kitchener-Waterloo Commercial Real Estate Market Report 2026 - Cap Rates by Asset Class

The Kitchener-Waterloo commercial real estate market in Q1 2026: Downtown Office A at 6.00-6.75%, Industrial A at 5.75-6.50%, Multifamily High Rise A at 4.25-4.75% per CBRE Q4 2025. A practitioner-grade synthesis from the AACI firm that has read this market since 1973.

Market

GTA Office Cap Rate Compression 2026 - Largest Class AA Move in 13+ Years

GTA office cap rates are compressing. Altus Q4 2025 puts Downtown Class AA at 6.59% - a 25 bps quarterly move, the largest in over 13 years. A practitioner-grade read of what is driving it and how the GTA comp set looks in Q2 2026.

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