<p>The Canadian real estate market is demonstrating resilience and optimism as highlighted in the <strong>2026 Canadian Real Estate Lenders’ Survey</strong>, published on February 24, 2026, by CBRE. The report reflects a robust outlook among lenders, with a significant majority planning to increase their origination volumes in the coming year.</p>

<h2>Positive Growth Prospects</h2> <p>According to the survey, a remarkable <strong>81% of lenders</strong> are gearing up to expand their origination volumes. This is a clear indication that many are confident in the future of the real estate sector, despite ongoing macroeconomic risks. Notably, <strong>26%</strong> of these lenders are poised to deploy more than <strong>20%</strong> additional capital, which signifies a strong commitment to investing in real estate opportunities.</p>

<h2>Intensifying Competition Among Lenders</h2> <p>The competitive landscape for real estate lending is set to intensify. The survey reveals that <strong>21%</strong> of lenders expect to <em>very actively bid</em> on deals, marking the highest level of competitive bidding seen in four years. This increased competition could lead to more favorable terms for borrowers, as lenders vie for a share of the lucrative real estate market.</p>

<h2>Sector Sentiment Shifts</h2> <p>While the overall sentiment among lenders is positive, the report also highlights a notable rebound in confidence within the office sector, with the exception of <strong>Suburban Class B</strong> properties. This nuanced view indicates that while lenders are optimistic, they are also discerning, focusing their capital on asset classes that demonstrate the best potential for returns.</p>

<h2>Debt Market Dynamics</h2> <p>The report underscores that <strong>term debt spreads</strong> for top-tier real estate have tightened year-over-year. This trend suggests a growing confidence among lenders in the stability and performance of prime real estate assets. As lenders become more comfortable with the risks associated with various asset classes, many are open to financing a range of properties.</p>

<h3>Key Asset Classes in Focus</h3> <ul> <li><strong>Multifamily Residences:</strong> With the ongoing demand for rental units, multifamily properties continue to attract significant interest from lenders.</li> <li><strong>Industrial Properties:</strong> E-commerce growth and supply chain demands have made industrial real estate a hot commodity.</li> <li><strong>Retail Spaces:</strong> While some segments of retail are struggling, opportunities in well-located retail centers are still appealing to lenders.</li> <li><strong>Office Buildings:</strong> Despite challenges for Suburban Class B offices, prime urban offices are regaining traction.</li> </ul>

<h2>Expert Insights</h2> <p>Joshua Sonshine, Senior Vice President at CBRE Capital, is among the key contacts for further insights into the evolving landscape of Canadian real estate lending. His expertise highlights the intricate balance lenders are navigating between risk and opportunity as they allocate capital in a competitive environment.</p>

<h2>Conclusion</h2> <p>The <strong>2026 Canadian Real Estate Lenders’ Survey</strong> paints a promising picture for the future of the Canadian real estate market. With a majority of lenders planning to increase their origination volumes and a competitive bidding landscape, the stage is set for dynamic developments in real estate financing. As lenders remain vigilant and adaptive to market conditions, the overall sentiment suggests that the Canadian real estate sector is on a growth trajectory, ready to embrace new opportunities.</p>

<p>As the market evolves, stakeholders—whether they are investors, developers, or borrowers—should keep a close eye on these trends to navigate the changing landscape effectively. The insights from the survey not only reflect lender confidence but also offer a roadmap for potential growth in the Canadian real estate market.</p>