Multifamily buildings had some of the lowest cap rates in Canada in the first quarter of 2023. For class A multifamily high rise buildings, investors could expect a capitalization rate of **** percent, while for class AA downtown offices, the cap rate was **** percent. The capitalization rate measures the rate of return on commercial properties and is calculated by dividing the net operating income of a property by its asset value. While a higher rate might promise higher return, it is also an indication of a riskier asset.
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CBRE Group. (April 25, 2023). Capitalization rates of commercial property in Canada in 1st quarter 2023, by property type [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/187649/prospected-capitalization-rates-for-canadian-real-estate-by-property-type/
CBRE Group. "Capitalization rates of commercial property in Canada in 1st quarter 2023, by property type." Chart. April 25, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/187649/prospected-capitalization-rates-for-canadian-real-estate-by-property-type/
CBRE Group. (2023). Capitalization rates of commercial property in Canada in 1st quarter 2023, by property type. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/187649/prospected-capitalization-rates-for-canadian-real-estate-by-property-type/
CBRE Group. "Capitalization Rates of Commercial Property in Canada in 1st Quarter 2023, by Property Type." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 25 Apr 2023, /statistics/187649/prospected-capitalization-rates-for-canadian-real-estate-by-property-type/
CBRE Group, Capitalization rates of commercial property in Canada in 1st quarter 2023, by property type ÌÇÐÄÆƽâ°æ, /statistics/187649/prospected-capitalization-rates-for-canadian-real-estate-by-property-type/ (last visited August 01, 2026)
Capitalization rates of commercial property in Canada in 1st quarter 2023, by property type [Graph], CBRE Group, April 25, 2023. [Online]. Available: /statistics/187649/prospected-capitalization-rates-for-canadian-real-estate-by-property-type/
