Top 10 Real Estate Companies in Canada 2026

Canada’s real estate landscape is changing. Office buildings are finding new owners. Purpose-built rentals are taking shape. Pension-backed companies are selling some assets and buying others at speed.

One clear example came in April 2026, when Choice Properties REIT and KingSett Capital agreed to buy First Capital REIT in a deal valued at about $9.4 billion, including assumed debt. Deals like this show where the market is putting its money: grocery-anchored retail, logistics, and housing in the country’s biggest cities.

Whether you’re an investor, tenant, lender or partner, it has become more important to know who to work with. Some of these firms own tens of billions of dollars in property. Others build thousands of homes a year or advise on deals around the world. Each plays a different role.

We looked at portfolio size, 2026 results, Canadian footprint and recent deal activity to build this list. This guide looks at the top 10 real estate companies in Canada for 2026, what each one does best, and who it suits.

Why Canada’s Real Estate Leaders Matter in 2026

Capital Is Concentrating in Fewer Hands

Large pension-backed managers and listed REITs now drive most of the big deals. When La Caisse’s real estate teams closed nearly $11 billion of transactions in 2025, about twice the previous year’s total, they influenced pricing in several markets at once.

Retail and Housing Are Back in Favor

Necessity-based retail is close to full. RioCan hit a record 98.8% committed retail occupancy in the second quarter of 2026. Purpose-built rentals and new homes are still in high demand because supply in Toronto, Vancouver, Calgary and Montreal hasn’t caught up.

Office Is Being Repriced, Not Abandoned

Owners are selling office buildings that aren’t up to par and investing in the ones that are. Cadillac Fairview sold two office properties in early 2026, while Oxford Properties took full ownership of seven Western Canada office towers. Knowing who is investing helps tenants and partners pick the right side of that split, and it’s a big reason the top 10 real estate companies in Canada look different today than they did five years ago.

Top 10 Real Estate Companies in Canada at a Glance

Top 10 Real Estate Companies in Canada (2026)

Below is our ranked list of the top 10 real estate companies in Canada, with verified 2026 figures for each.

1. Brookfield

Brookfield traces its origins to 1899 and the creation of the São Paulo Tramway, Light and Power Co. Today it is headquartered at Brookfield Place in Toronto. Its asset management arm, Brookfield Asset Management, is a roughly US$1 trillion alternative asset manager, and real estate remains one of its largest businesses alongside infrastructure, renewable power, private equity and credit.

Brookfield has kept raising capital in 2026. In its first-quarter update in May 2026, the firm said it had raised US$67 billion of fresh capital so far that year, more than half of the US$108 billion raised over the previous 12 months. Its fee-bearing capital stood at US$614 billion. That scale lets Brookfield take on office, retail, logistics and housing deals that few Canadian rivals can match.

Key Real Estate Solutions
✔ Office, retail and mixed-use property ownership
✔ Private real estate funds for institutional investors
✔ Real estate credit through its Oaktree platform
✔ Large-scale redevelopment and repositioning

Best for: Institutional investors and tenants seeking a global landlord with deep Canadian roots.

2. QuadReal Property Group

QuadReal Property Group is a Vancouver-based real estate investment, development and operating company. Established in 2016, it is a wholly owned subsidiary of British Columbia Investment Management Corporation (BCI) and serves as BCI’s real estate investment arm. It reports $98.5 billion in assets under management.

QuadReal has grown well beyond Canada. By September 2025 it owned or operated over 65,000 residential units and 28,000 student beds, mainly in North America and Australia, and that month it bought Realstar’s UK and Ireland residential operating platform. In September 2026 it expanded its global real estate debt platform into Europe, and in October 2026 it kept strong GRESB results for the seventh year in a row.

Key Real Estate Solutions
✔ Residential, rental and student housing
✔ Industrial, office and retail ownership
✔ Real estate debt and lending
✔ In-house property management and development

Best for: Partners and lenders seeking a long-term, pension-backed owner-operator.

3. Ivanhoé Cambridge (La Caisse)

Ivanhoé Cambridge was founded in 1953 as Ivanhoe Corporation by Montreal grocer Sam Steinberg and is based in Montreal. It is the real estate arm of La Caisse, the Quebec pension investor formerly known as CDPQ. Since June 2025, it has operated under the La Caisse name.

Its Canadian holdings have included well-known landmarks such as the Centre Eaton de Montréal and Place Sainte-Foy in Quebec City. In 2025 its teams closed nearly $11 billion of real estate deals, about double the previous year. The real estate portfolio returned 0.2% for the year, while direct holdings in logistics, residential, office and shopping centers earned 4.4% before financing costs. La Caisse ended 2025 with $517 billion in net assets.

Key Real Estate Solutions
✔ Direct property ownership across Canada and abroad
✔ Logistics and residential investment
✔ Shopping center and office holdings
✔ Joint ventures with global operating partners

Best for: Developers and operators looking for a large, patient capital partner.

4. Oxford Properties Group

Oxford Properties Group is the global real estate arm of OMERS, one of Canada’s largest defined benefit pension plans. Headquartered in Toronto, Oxford cites 65 years of experience investing in, developing and managing property across four continents. Eric Plesman is president and CEO.

Oxford has started buying more top-quality office space. In June 2025 it paid $730 million for CPP Investments’ 50% stake in seven Western Canada office towers, giving it full ownership of a portfolio valued at about $1.5 billion. The buildings total roughly 4 million square feet and include Centennial Place in Calgary and The Stack in Vancouver. For OMERS, real estate returned 5.1% in 2025 after a negative 2024, and it made up 15% of the plan’s $145.2 billion in net assets.

Key Real Estate Solutions
✔ Premium office and workplace ownership
✔ Residential and hotel investments
✔ Development of mixed-use districts
✔ Real estate credit

Best for: Corporate tenants seeking top-tier office space in major Canadian cities.

5. Cadillac Fairview

Cadillac Fairview is a Toronto-based company that owns, operates and develops property, and it is wholly owned by the Ontario Teachers’ Pension Plan. It manages about $26 billion in assets across 52 properties and roughly 28 million square feet of leasable space, including its well-known CF shopping centers. Sal Iacono is president and CEO.

Cadillac Fairview has been reshaping its portfolio in 2026. In February it bought four newly built, fully leased industrial buildings in Mississauga totaling 550,000 square feet, and it opened Carré Windsor, a 512-unit rental tower in downtown Montreal. It also sold Tour Deloitte in Montreal and Yonge Corporate Centre in Toronto. A 490-unit rental project near CF Chinook Centre in Calgary was announced in late 2025.

Key Real Estate Solutions
✔ Shopping center ownership and leasing
✔ Office and mixed-use properties
✔ Purpose-built rental development
✔ Industrial and logistics investment

Best for: Retailers and tenants seeking space in Canada’s busiest malls and urban hubs.

6. Choice Properties REIT

Based in Toronto, Choice Properties REIT owns 699 properties focused on necessity-based retail, industrial and logistics, and mixed-use and residential assets. Its anchor tenant is Loblaw, and its retail portfolio covers about 37 million square feet of grocery-anchored space. Rael Diamond is president and CEO.

Choice ended the second quarter of 2026 with 97.7% total occupancy, and industrial was at 98.6%. Renewal leasing spreads reached 19.0%, and same-asset net operating income rose 2.8%. After the quarter, Choice and Loblaw renewed 50 leases set to expire in 2027, covering 3.55 million square feet. Choice and KingSett Capital are also buying First Capital REIT in a deal valued at about $9.4 billion, which is expected to close in the second half of 2026.

Key Real Estate Solutions
✔ Grocery-anchored retail centers
✔ Industrial and distribution properties
✔ Mixed-use and residential development
✔ Over 18 million sq ft development pipeline

Best for: Income-focused investors and retailers seeking stable, essential-service locations.

7. RioCan REIT

Headquartered in Toronto, RioCan REIT is one of Canada’s largest REITs. It owns and develops mainly retail-focused, mixed-use properties in the country’s top markets, and it builds rental housing under its RioCan Living brand. Jonathan Gitlin is president and CEO.

RioCan reached a record 98.8% committed retail occupancy in the second quarter of 2026. It posted a blended leasing spread of 23.1%, and new leases signed at an average of $37.73 per square foot. Net income for the quarter rose to $151.2 million. RioCan is also recycling capital. In the first half of 2026 it sold interests in four residential properties for $280.5 million, including a 50% share of FourFifty The Well, and it has reached 96% of its $1.3 billion capital repatriation target for 2025 to 2026.

Key Real Estate Solutions
✔ Grocery- and necessity-anchored retail
✔ Mixed-use urban redevelopment
✔ RioCan Living rental residences
✔ Retail leasing for national brands

Best for: Retail brands seeking well-located space in high-density Canadian markets.

8. Colliers

Headquartered in Toronto, Colliers is a global real estate services and investment management firm with about 28,000 professionals and more than 30 years of consistent growth. It reports in US dollars, with annual revenues of about US$6 billion and US$110 billion in assets under management. Jay S. Hennick is global chairman and CEO.

Colliers grew revenue 17% to US$1.57 billion in the second quarter of 2026, and adjusted EBITDA rose 14% to US$205.3 million. Its investment management arm had US$109.9 billion in assets under management. Late in the quarter, it closed the acquisition of Ayesa Engineering, and it reaffirmed its outlook for mid-teens revenue growth in 2026. For Canadian clients, Colliers provides leasing, sales, valuation, property management and project advisory services.

Key Real Estate Solutions
✔ Commercial leasing and capital markets advisory
✔ Property and project management
✔ Valuation and engineering services
✔ Real estate investment management

Best for: Businesses that need an adviser for leasing, sales or valuation.

9. Mattamy Homes

Mattamy Homes describes itself as the largest family-owned homebuilder in North America. It has more than 40 years of operations in Canada and the United States. It builds in the Greater Toronto Area, Ottawa, Calgary and Edmonton, plus 11 US markets including Phoenix, Dallas, Charlotte and several Florida cities.

Mattamy closed 8,261 homes in fiscal 2026, which ended May 31, 2026. That is close to the previous year’s 8,453. Net sales orders rose 8.6% to 7,474, a sign that buyers are returning in several markets. The company says it helps about 8,000 families a year become homeowners. If you’re looking to buy a new home in Ontario or Alberta, its master-planned communities are some of the largest options available.

Key Real Estate Solutions
✔ Master-planned communities
✔ Single-family and townhomes
✔ Urban and suburban new-home projects
✔ Land development

Best for: Home buyers seeking new homes in Ontario and Alberta communities.

10. Allied Properties REIT

Allied Properties REIT is a Toronto-based owner of urban workspace. It is best known for converting older industrial buildings into character-rich offices with high ceilings, natural light and exposed brick or timber. Its properties are in Canada’s major cities, including Toronto, Montreal, Vancouver, Calgary and Kitchener. Cecilia Williams is president and CEO.

Allied has a clear plan for a tough office market. It leased 522,029 square feet in the second quarter of 2026, and occupancy and leasing both beat expectations, at 84.4% occupied and 86.7% leased. Allied sold nine properties for $197 million in the quarter, bringing its 2026 closings to $243 million, and it is targeting about $500 million in sales for the year to cut debt. Monthly distributions remain at $0.72 per unit on an annualized basis.

Key Real Estate Solutions
✔ Class I heritage office conversions
✔ Urban workspace in major city cores
✔ Flexible and creative office leasing
✔ Mixed-use urban development

Best for: Tech and creative firms seeking distinctive downtown offices.

Also read: Top 10 IT Companies in Canada

How to Choose the Right Real Estate Partner in Canada

Match the Company to Your Role

Cadillac Fairview and Choice Properties are landlords. Colliers is an adviser. Mattamy builds homes. Start by deciding whether you need space, capital, advice or a new home, then narrow the list of top 10 real estate companies in Canada to the two or three that fit.

Check the Local Footprint

Some companies on this list have a large presence across Canada but a thin one in your city. Ask how many properties or projects they have in your area and how long they’ve been doing business there.

Look at Recent Results

Companies publish occupancy, leasing spreads and debt levels in their quarterly reports. A landlord with rising occupancy and steady renewals is usually a safer long-term partner than one that is losing tenants.

Understand Who Owns the Firm

Pension-backed groups like QuadReal, Oxford and Ivanhoé Cambridge tend to hold properties for decades. Listed REITs answer to their unitholders every quarter. Both models work, but they behave differently when markets turn.

Ask About Sustainability and Building Quality

Energy performance now affects operating costs and tenant demand. Ask for GRESB scores, certifications or retrofit plans before signing a long lease.

Frequently Asked Questions About Real Estate Companies in Canada

Which is the largest real estate company in Canada?

By assets managed, Toronto-based Brookfield is the largest, with about US$1 trillion across many asset classes. Among Canadian real estate specialists, QuadReal, Ivanhoé Cambridge, Oxford Properties and Cadillac Fairview manage the biggest portfolios.

What are the biggest REITs in Canada?

Choice Properties and RioCan are among the largest, and both focus on retail and mixed-use property. Choice has 699 properties and is buying part of First Capital REIT with KingSett Capital.

Which real estate company is best to work with?

There is no single best company for everyone. A retailer, an office tenant, an investor and a home buyer will each be better served by different firms on this list of the top 10 real estate companies in Canada.

Is Canadian real estate recovering in 2026?

Results vary by sector. Retail and industrial occupancy rates are high, rental housing is still in demand, and office owners are selling weaker buildings while reinvesting in their best assets.

Conclusion

The top 10 real estate companies in Canada for 2026 cover the full market, from pension-backed giants and listed REITs to a leading homebuilder and a global adviser. Their 2026 numbers show a sector that is selective rather than stalled.

Whether you are leasing space, investing or buying a home, use this list of the top 10 real estate companies in Canada as a starting point. Then compare each company’s local presence, recent results and fit with your goals before you commit.