Calgary Commercial Cap Rates

Live Market Data for Office, Industrial, Retail and Multifamily Investors

Calgary commercial cap rates move differently depending on which sector you're looking at, and treating the market as one number is how investors overpay. This page tracks Calgary commercial cap rates across the four core asset classes: office, industrial, retail and multifamily using current capital markets data, so you can see where yields are compressing, where they're expanding, and what that means for your next offer. Whether you're comparing Calgary commercial properties, evaluating an apartment building, or sizing up an industrial property for sale, this is the data to check before you write an offer.

Calgary Commercial Cap Rates: 2026 Market Snapshot

Sector Current Market Cap Rate 5-Year Change (2021–2026 YTD)
Office 12.1% +2.6 pts
Industrial 6.9% +1.2 pts
Retail 6.7% +1.0 pts
Multifamily 5.2% +0.8 pts
Total Calgary commercial transaction volume sits at $3.0 billion year-to-date in 2026, up 12.0% from the prior year, across 121 sales and a tracked asset value of $116 billion metro-wide. That volume isn't spread evenly; industrial sales are up 55.4% YTD and office is up 55.9% YTD, while retail is down 25.5% YTD and multifamily is down 19.5% YTD. Reading Calgary commercial cap rates alongside that volume data tells you a lot: capital is actively repricing office and industrial right now, while multifamily and retail buyers are being more selective even though pricing in those sectors remains comparatively tight.

Cap Rates & ROI in Alberta

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  • 1-6 8 Huntley Close NE in Calgary: Huntington Hills Multi Family for sale : MLS®# A2311334

    1-6 8 Huntley Close NE Huntington Hills Calgary T2K 4Z3
    Main Photo: 1-6 8 Huntley Close NE in Calgary: Huntington Hills Multi Family for sale : MLS®# A2311334

    1-6 8 Huntley Close NE Calgary T2K 4Z3 Huntington Hills

    $1,749,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2311334
    Build. Type:
    Condo Complex
    Located in the desirable Huntington Hills community. Each unit is individually titled, providing added flexibility and future resale options. The property consists of spacious bi-level layouts in most units, with Suites 2 and 5 offering two-storey floor plans. All six units are fully tenanted and equipped with washers and dryers, contributing to tenant satisfaction and convenience. Highlights: Total building size: 7,598 sq ft (approx.) All six units fully leased. Nine designated parking stalls .Landscaped lot with well-maintained lawns. Low maintenance costs. Fully operational, multi-unit asset in a well-established neighbourhood. 4 units renovated within 2 years. More details
    Listed by Grand Realty
    LISTING DETAILS
    Mohit Dhillon

  • 4746 55 Street in Red Deer: Downtown Red Deer Multi Family for sale : MLS®# A2312434

    4746 55 Street Downtown Red Deer Red Deer T4N 2J1
    Main Photo: 4746 55 Street in Red Deer: Downtown Red Deer Multi Family for sale : MLS®# A2312434

    4746 55 Street Red Deer T4N 2J1 Downtown Red Deer

    $3,500,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2312434
    Build. Type:
    Low Rise (2-4 stories)
    Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning. More details
    Listed by Real Broker
    LISTING DETAILS
    Mohit Dhillon

  • 2611, 2613, 2615 14 Street SW in Calgary: Bankview Mixed Use for sale : MLS®# A2313628

    2611, 2613, 2615 14 Street SW Bankview Calgary T2T 3T9
    Main Photo: 2611, 2613, 2615 14 Street SW in Calgary: Bankview Mixed Use for sale : MLS®# A2313628

    2611, 2613, 2615 14 Street SW Calgary T2T 3T9 Bankview

    $2,280,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2313628
    Build. Type:
    Commercial Mix
    Prime Land Assembly in SW Calgary’s Vibrant Core! Discover an extraordinary opportunity to own an expansive, consolidated commercial and mixed-use parcel in the heart of Calgary’s most dynamic inner-city neighborhoods—Bankview and Marda Loop. This rare C-COR1 zoned land assembly, strategically positioned along high-traffic 14th Street SW, offers unparalleled visibility and accessibility, just minutes from downtown, boutique shopping, dining hubs, and major transit routes. The combined lots (2611, 2613, 2615 14 Street SW) deliver a spacious 75’ frontage x 112’ depth, totaling approximately 8,395 sqft—a versatile canvas for visionary redevelopment. Unlock Transformative Potential: Zoned for mixed-use commercial and residential development, this site invites innovative concepts such as boutique retail spaces, modern office suites, luxury condos, or a dynamic hybrid of both. Capitalize on soaring demand in one of Calgary’s fastest-growing areas, where urban convenience meets community charm. With Marda Loop’s trendy cafes, fitness studios, and cultural hotspots at your doorstep, this location promises high foot traffic and enduring tenant appeal. Prime Connectivity: Direct access to Crowchild Trail, 17th Avenue SW, and downtown core ensures effortless commutes. Thriving Demographics: Situated in a walkable, amenity-rich area attracting young professionals, families, and upscale renters. Future-Ready Investment: Calgary’s urban intensification trends and infrastructure growth amplify this site’s long-term value. Seize this once-in-a-lifetime chance to shape SW Calgary’s skyline. Whether crafting a landmark mixed-use tower or a chic low-rise complex, this land assembly delivers limitless ROI potential. Act now—opportunities of this caliber rarely surface in such coveted locales! Don’t Wait—Transform Vision into Legacy. Contact us today to explore this unmatched development gem. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS
    Mohit Dhillon

  • 359 24 Street in Fort Macleod: Hotel/Motel for sale : MLS®# A2315799

    359 24 Street Fort Macleod T0L 0Z0
    Main Photo: 359 24 Street in Fort Macleod: Hotel/Motel for sale : MLS®# A2315799

    359 24 Street Fort Macleod T0L 0Z0

    $1,499,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2315799
    Excellent opportunity to acquire a well-established hotel/motel in a high-exposure Southern Alberta location positioned along the busy Highway 2 & Highway 3 corridor, approximately 90 minutes south of Calgary. This property benefits from consistent year-round traffic generated by tourism, agricultural activity, local events, and workforce accommodation, while also being ideally situated only 15 minutes from Head-Smashed-In Buffalo Jump, approximately 40 minutes to Waterton Lakes National Park, and within an hour of the U.S. border. The property features 28 guest rooms along with a spacious owner/manager’s residence offering 4 bedrooms and 2 bathrooms, thoughtfully laid out with two bedrooms upstairs and two downstairs — an ideal setup for owner-operators or on-site management. During the winter season, the business maintains strong and stable cash flow through longer-term occupancy, with king kitchenette suites historically achieving approximately $1,300–$1,500/month. Current ownership has completed renovations to five guest rooms, providing buyers with immediate upside potential through continued modernization and operational improvements. The motel generates approximately $350,000 in annual gross revenue, with the current owner reporting approximately $200,000/year in income inclusive of salary. Situated on a large 35,937 sq.ft. (0.825 acre) site with a building size of approximately 14,706 sq.ft., the property offers excellent visibility, accessibility, and ample future potential. The roof and boiler system are estimated to have approximately five years of remaining life, allowing purchasers the ability to strategically plan future capital improvements while operating a stable and income-producing asset in a growing regional market. More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS
    Mohit Dhillon

  • 601 14 Avenue: Wainwright Hotel/Motel for sale : MLS®# A2315848

    601 14 Avenue Wainwright Wainwright T9W 1B3
    Main Photo: 601 14 Avenue: Wainwright Hotel/Motel for sale : MLS®# A2315848

    601 14 Avenue Wainwright T9W 1B3 Wainwright

    $1,390,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2315848
    Build. Type:
    Free-Standing
    Well-maintained motel located in Wainwright, offering stable cash flow and a semi-absentee ownership structure. The property generates approximately $341,000 in annual revenue with an estimated NOI of approximately $139,000, providing an attractive return for investors. The motel features 22 rentable guest rooms plus a manager's suite and office. It benefits from a strong mix of clientele including work crews, healthcare professionals, railway personnel, and general travelers. Approximately 50% of occupancy is derived from long-term stays, providing consistent and predictable cash flow throughout the year. The business is currently operated by an on-site manager couple, making it an ideal opportunity for investors seeking passive or semi-passive ownership. The manager's suite is conveniently located adjacent to the front office, contributing to efficient day-to-day operations. There is also potential to increase profitability through owner-operation. The property has been well maintained, with major renovations completed in 2016. A new hot water tank was installed in 2025, and low immediate capital expenditure is anticipated. One guest room currently requires renovation and is being offered in as-is condition. Situated on approximately 1.5 acres, the property offers future expansion or redevelopment potential. Supported by demand from Canadian Forces Base Wainwright, the local oil and gas industry, agriculture, and regional services, this is an excellent opportunity to acquire a stable hospitality asset in a resilient regional market. More details
    Listed by RE/MAX Complete Realty
    LISTING DETAILS
    Mohit Dhillon

  • in Calgary: Business for sale : MLS®# A2316264

    Calgary
    Main Photo: in Calgary: Business for sale : MLS®# A2316264

    Contact for address details

    $20,000,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2316264
    An exceptional opportunity to acquire one of Calgary’s premier event and hospitality businesses. This well-established, highly profitable event centre has built a strong reputation for hosting weddings, corporate functions, cultural celebrations, galas, conferences, and special events, serving thousands of guests annually. The business generates millions in annual revenue and net profit, supported by a substantial forward booking pipeline that is already committed through 2027 and extending into much of 2028. The operation benefits from a long-term lease structure with approximately 10 years remaining, renewal options, and a valuable Right of First Refusal to purchase the underlying real estate. The facility features elegant event spaces, a grand ballroom, commercial-grade kitchen facilities, impressive guest amenities, and sufficient parking to comfortably accommodate large-scale events. Its prime Calgary location offers excellent visibility, accessibility, and strong demographic support. This is a rare turnkey acquisition ideally suited for investors, hospitality operators, private equity groups, or strategic buyers seeking immediate cash flow and long-term growth potential. The real estate may also be available for purchase in conjunction with the business. Vendor financing may be negotiable for qualified purchasers. Confidentiality is strictly maintained. Detailed financial information, location particulars, and operational records will be provided only to qualified buyers upon execution of a Non-Disclosure Agreement (NDA) and proof of financial capacity. Asking Price: $20,000,000 Rare. Profitable. Established. Fully Booked. A premier hospitality investment opportunity with proven performance and exceptional future upside. More details
    Listed by D Gees Realty Inc.
    LISTING DETAILS
    Mohit Dhillon

  • 12014 242 Avenue W in Rural Foothills County: Mixed Use for sale : MLS®# A2316802

    12014 242 Avenue W Rural Foothills County T1S 4J7
    Main Photo: 12014 242 Avenue W in Rural Foothills County: Mixed Use for sale : MLS®# A2316802

    12014 242 Avenue W Rural Foothills County T1S 4J7

    $9,000,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2316802
    Exceptional opportunity to acquire a premier 50-acre recreational and investment property located just 20 minutes south of downtown Calgary in one of the region's fastest-growing development corridors. Oasis Greens Golf Centre is home to Calgary's largest outdoor golf practice facility, featuring 67 tee stations along a 650-foot tee line with over 425,000 square feet of landing area. The property also includes an 18-hole championship miniature golf course, a fully serviced clubhouse with food and beverage operations, retail space, and event facilities. This established business benefits from a loyal customer base, strong operating history, and significant existing infrastructure. The site's size, configuration, visibility, and accessibility create immediate opportunities for business expansion and enhanced recreational offerings. Strategically positioned near major transportation routes, South Calgary growth corridors, Seton, South Health Campus, and numerous expanding residential communities, the property is uniquely situated to benefit from ongoing regional growth and increasing development activity. Whether you are seeking an operating business, a long-term land investment, or a property with future redevelopment potential, Oasis Greens represents a rare opportunity to acquire a landmark asset in a highly desirable location. More details
    Listed by KPLI Real Estate Corporation
    LISTING DETAILS
    Mohit Dhillon

  • 39325 Range Road 34 in Rural Lacombe County: Business for sale : MLS®# A2319442

    39325 Range Road 34 Rural Lacombe County T0M 0X0
    Main Photo: 39325 Range Road 34 in Rural Lacombe County: Business for sale : MLS®# A2319442

    39325 Range Road 34 Rural Lacombe County T0M 0X0

    $4,995,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2319442
    Build. Type:
    Sports and Recreation
    An exceptional opportunity to acquire an established recreational resort and investment property in Central Alberta, offering existing revenue streams, valuable infrastructure, remaining serviced RV lot inventory and significant future development potential. Situated on 153.24 acres near Sylvan Lake, this unique property features approximately 160 developed RV sites, a professionally redesigned 9-hole golf course, clubhouse, restaurant, pro shop, driving range, heated outdoor swimming pool, pickleball courts, swimming ponds, playgrounds and extensive recreational amenities. EXISTING INFRASTRUCTURE & REVENUE OPPORTUNITIES: Approximately 125 RV sites are currently under 35-year ground lease agreements, providing an established ownership and operating structure. The remaining developed RV sites represent an opportunity for a new owner to generate additional revenue through the sale or leasing of existing serviced inventory. RV sites are serviced with water, sewer and power, providing a substantial infrastructure investment already in place. SIGNIFICANT EXPANSION POTENTIAL: Beyond the existing development, the property offers considerable long-term growth opportunities. Phase 3 is currently progressing through the approval process and is designed to accommodate approximately 180 additional RV sites. Future plans also contemplate a potential Phase 4 expansion of approximately 120 additional sites, subject to applicable approvals. Together, these proposed phases offer the potential to substantially increase the resort’s capacity and create additional revenue opportunities. MULTIPLE REVENUE STREAMS: The combination of existing RV ground leases, remaining serviced lot inventory, golf operations, food and beverage facilities, and recreational amenities provides an established foundation for an investor or experienced resort operator. The property’s extensive land base and planned expansion opportunities offer additional flexibility for future business growth. Strategically located in Central Alberta near the popular Sylvan Lake recreational area, this offering combines an established resort operation, significant existing infrastructure and long-term development potential in one comprehensive investment opportunity. Whether you are an experienced RV resort operator, recreational property investor or developer seeking an established property with room for expansion, Alberta Views offers a unique opportunity to acquire a substantial recreational asset with multiple potential revenue streams. NOW OFFERED AT $4,995,000. Detailed financial information, operating statements, development plans and additional property information are available to qualified purchasers upon execution of a confidentiality agreement. Contact the listing agent for further information and to arrange a private viewing. More details
    Listed by Real Broker
    LISTING DETAILS
    Mohit Dhillon

  • 8 5445 Highway 584 in Rural Mountain View County: Industrial for sale : MLS®# A2319194

    8 5445 Highway 584 Rural Mountain View County T0M 1X0
    Main Photo: 8 5445 Highway 584 in Rural Mountain View County: Industrial for sale : MLS®# A2319194

    8 5445 Highway 584 Rural Mountain View County T0M 1X0

    $2,500,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2319194
    A rare opportunity to acquire a fully leased industrial investment property in the heart of Sundre's industrial district. Situated on over 4 acres and offering more than 13,000 square feet of rentable space, this unique property features five separate units including three industrial bays, one standalone industrial bay, and a state-of-the-art cannabis cultivation facility. All five spaces are fully rented to established tenants, providing immediate income and strong holding value. The expansive site offers substantial yard space with ample room for equipment storage, outdoor operations, or future building expansion. The standout feature of the property is the purpose-built cultivation facility, designed with flexibility in mind. The facility includes seven separate climate-controlled growing rooms, two drying rooms, office space, a kitchen, two washrooms, a shipping room, and additional storage areas. Whether continuing as a cannabis operation, adapting for horticultural production, or converting to industrial use, the possibilities are extensive. The seller is open to subdividing the cannabis facility (pending approvals) and selling separately. This property presents an exceptional opportunity for investors seeking stable cash flow, industrial owner-operators looking to secure a strategic asset, cannabis cultivators seeking a turnkey facility, or horticultural businesses requiring specialized infrastructure. Located just over an hour from Calgary, Sundre continues to experience growth while maintaining its reputation as a thriving business community and service hub for central Alberta. Opportunities to acquire a diversified, income-producing industrial property of this scale and versatility are exceptionally rare. Please visit the video to see the facility in more detail. More details
    Listed by Renzo Real Estate Inc.
    LISTING DETAILS
    Mohit Dhillon

  • 3711 50 Street: Drayton Valley Retail for sale : MLS®# A2320787

    3711 50 Street Drayton Valley Drayton Valley T7A 1S6
    Main Photo: 3711 50 Street: Drayton Valley Retail for sale : MLS®# A2320787

    3711 50 Street Drayton Valley T7A 1S6 Drayton Valley

    $3,990,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2320787
    Build. Type:
    Free-Standing
    Excellent opportunity to acquire a well-established, fully staff-operated car wash business in Drayton Valley. Situated on approximately 1.26 acres with a 9,940 SF building, the facility features 7 wand bays, 1 RV wash bay, and 2 automatic wash bays. The business operates on a ticket-timer system with no coin handling, and all revenue is processed through the POS system, providing transparent and verifiable sales records. Recent capital improvements exceeding $190,000 include automatic wash equipment upgrades, pavement replacement, concrete improvements, water treatment system replacement, boiler replacement, lighting upgrades, and a new POS system. The property benefits from relatively low utility and property tax costs compared to many competing markets. Local maintenance support is readily available, helping minimize downtime and operating disruptions. Strong cash flow, proven operations, and a growing regional economy supported by the energy sector make this an attractive investment opportunity for both investors and owner-operators. Confidentiality agreement required for detailed financial information. More details
    Listed by RE/MAX Complete Realty
    LISTING DETAILS
    Mohit Dhillon

  • 3701 37 Street in Whitecourt: Industrial for sale : MLS®# A2324636

    3701 37 Street Whitecourt T7S 1N8
    Main Photo: 3701 37 Street in Whitecourt: Industrial for sale : MLS®# A2324636

    3701 37 Street Whitecourt T7S 1N8

    $999,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2324636
    This building is an ideal investment property, or an owner/operator make want to buy this building to house their business while they have rental income on the side. For the right owner/operator, we have a prefered lender that you could purchase the entire building with only $50K down, and your renters in the rest of the building will pay your mortgage for you! Located just three blocks off the highway in Whitecourt's Hilltop Industrial Park. More details
    Listed by RE/MAX ADVANTAGE (WHITECOURT)
    LISTING DETAILS
    Mohit Dhillon

  • 9623 Macleod Trail SW in Calgary: Haysboro Retail for sale : MLS®# A2324709

    9623 Macleod Trail SW Haysboro Calgary T2J 0P6
    Main Photo: 9623 Macleod Trail SW in Calgary: Haysboro Retail for sale : MLS®# A2324709

    9623 Macleod Trail SW Calgary T2J 0P6 Haysboro

    $6,300,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2324709
    An exceptional opportunity to acquire a fully tenanted, dual-tenant net lease investment property located along one of Calgary's most commercially active retail corridors. This 8,589 square foot property sits on a 0.52-acre site with approximately 150 feet of prime frontage along Macleod Trail. The property is anchored by two well-established automotive service brands — Mr. Lube and Midas — occupying 5,000 SF and 3,589 SF respectively. Both tenants operate under net lease structures with renewal options in place, providing investors with stable, predictable income and long-term tenancy certainty. Combined base annual rent is $300,000, reflecting strong in-place cash flow supported by national covenant tenants. The site is zoned C-COR3 F1.0h12, but the neighbouring property has submitted an LOC to MU-2 f4h40, offering future redevelopment potential in one of the city's most sought-after commercial zones. Strategically positioned between Heritage Drive and Southland Drive, the property is surrounded by major retailers including Walmart Supercentre, Superstore, McDonald's, Subway, London Drugs, and major financial institutions. The adjacent Southland LRT Station further reinforces the location's accessibility and long-term commercial demand. This investment presents a rare combination of strong tenancy, irreplaceable Macleod Trail exposure, and future land value upside in a supply-constrained corridor. More details
    Listed by City Homes Realty
    LISTING DETAILS
    Mohit Dhillon
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Data was last updated October 9, 2026 at 10:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Why Calgary Commercial Cap Rates Are Moving the Way They Are in 2026

Industrial · Multifamily · Office · Retail Trends

Industrial Momentum

Two consecutive years of transaction growth and a stabilizing cap rate around 6.9% make industrial the strongest-performing segment of Calgary's commercial market right now. Logistics operators, contractors and owner-users continue to drive demand for industrial property for sale in Calgary, particularly in the NE and SE submarkets.

No Rent Control Keeps Multifamily Cap Rates Tight

Alberta's lack of rent control legislation continues to make Calgary apartment-building commercial real estate attractive to private investors seeking predictable income growth alongside the city's population growth, even with 2026 YTD multifamily transaction volume down 19.5%. Population growth of 13.1% over the past three years and a median household income of $114,200, the highest of any major Canadian metro, continue to support the underlying rental demand behind that pricing.

Office Is Repricing, Not Stalling

A 12.1% market cap rate looks alarming next to industrial or multifamily, but the 55.9% YTD jump in office sales volume shows buyers are actively transacting at these levels; this is a market finding its floor, not one that's frozen.

Retail Stays the Boring, Reliable Middle

Calgary commercial cap rates in retail have moved the least of any sector over the past five years, which is exactly what you'd expect from a segment anchored by grocery and service tenants with long-term leases.

📍 Market Overview: Calgary commercial real estate highlights key divergence across asset classes, with strong fundamentals in industrial and retail contrasting against ongoing office repricing.

How to Calculate and Use a Cap Rate

Cap Rate = Net Operating Income (NOI) ÷ Purchase Price.

Before comparing any listing to the Calgary commercial cap rates above, calculate NOI from verified financials: gross income minus vacancy allowance and operating expenses, excluding debt service, then divide by the asking price. If your number sits meaningfully below the current range for that asset type, you're likely paying a premium for location, tenant quality, or building condition. If it sits above the range, dig into why: deferred maintenance, a short remaining lease term, or elevated vacancy risk are the usual culprits.

Sunridge Mall Retail

Frequently Asked Questions

What are the current Calgary commercial cap rates by property type?

As of 2026, Calgary commercial cap rates sit at approximately 12.1% for office, 6.9% for industrial, 6.7% for retail, and 5.2% for multifamily, based on current capital markets data. These are market-wide averages; individual asset pricing varies by location, building quality, and tenant covenant.

Why are Calgary commercial cap rates so much higher for office than other sectors?

Office cap rates have expanded from 9.5% in 2021 to 12.1% today because buyers are pricing in real leasing risk from elevated downtown vacancy, not just current income. Even so, office sales volume is up 55.9% year-to-date, showing active repricing rather than a frozen market.

Are Calgary commercial cap rates higher than Toronto or Vancouver?

Yes, particularly in multifamily. Calgary multifamily investment yields typically run 4.75% to 5.25%, which is 50 to 100 basis points above comparable assets in Vancouver and Toronto, offering more income per dollar invested at a lower entry price.

Which Calgary commercial sector has the most stable cap rates?

Retail and multifamily have shown the least year-over-year movement over the past five years. Multifamily in particular has held close to 5.2% to 5.3% since 2023, supported by Alberta's lack of rent control and continued population growth.

How is a market cap rate different from a transaction cap rate?

A market cap rate is a broader, model-based estimate reflecting overall pricing trends across an asset class, while a transaction cap rate reflects the actual yield on a specific closed sale. Always verify a specific deal's cap rate against recent comparable transactions, not just the market average.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.