February Market Update
All data is sourced from Altus Data Studio. Readers should verify information before making real estate decisions. All Information is gathered from the markets of Oakville, Burlington, Mississauga, Milton, and Brampton.
February saw a significant slowdown in commercial real estate activity across Oakville, Burlington, Mississauga, Milton, and Brampton. Transactions dropped 57.78% year-over-year (YoY), and total sales volume plummeted 83.53% compared to February 2024. The decline was widespread, with most markets experiencing fewer deals and lower average sale prices.
Key Highlights:
Oakville: Sales volume declined 32.71% YoY, but retail transactions doubled, with a 396.55% increase in average price.
Burlington: ICI land saw new activity, but overall transaction volume remained low.
Mississauga: Transactions fell 35% YoY, with significant price declines across all asset types.
Milton: ICI land prices jumped 48.41%, signaling continued investor interest.
Brampton: A dramatic 94.74% drop in transactions, with total sales volume down 98.88% YoY.
Oakville
Oakville’s commercial market experienced a 32.71% drop in total sales volume YoY, but certain asset types performed well. Retail transactions doubled from one to two deals, and the average sale price skyrocketed 396.55%, indicating strong demand for well-located retail properties. Industrial and office transactions declined, with office property sales dropping to zero compared to last year. The price per square foot for retail also saw a 32.12% decrease, suggesting that while demand exists, buyers are becoming more price-conscious.
Oakville saw 2 transactions this February compared to 3 transactions last year.
Burlington
Burlington saw minimal transaction activity in February, with just one sale recorded in both 2024 and 2025. However, ICI land saw new activity, with an average price of $3.15M. While overall transaction volume remained low, this suggests that investors may still be looking for strategic land acquisitions. Industrial and office sales were nonexistent, and the price per square foot for industrial space dropped to zero, reinforcing the trend of limited activity in the sector.
Burlington saw 1 transaction this February, the same as last year.
Mississauga
Mississauga’s commercial real estate market saw a 35% decline in transactions YoY, accompanied by an 88.29% drop in total sales volume. Industrial and office properties were hit particularly hard, with industrial transactions down 11.11% and office transactions down 66.67% compared to last year. However, price per square foot for office space rose 55.56%, indicating that while fewer deals occurred, high-quality office properties still command strong valuations. Additionally, two residential land sales were recorded this month, reflecting a shift toward development-oriented transactions.
Mississauga saw 13 transactions this February compared to 20 transactions last year.
Milton
Milton remained relatively stable compared to other markets, with transaction volume holding steady YoY. The standout segment was ICI land, where the average price increased 48.41%, reaching $2.5M. This suggests that while other asset types are struggling, developers are still interested in securing land for future projects. Industrial, office, and retail transactions remained inactive, mirroring broader market trends. Notably, the price per acre for ICI land jumped an astonishing 2,287% YoY, likely due to a higher-value land sale compared to smaller transactions last year.
Milton saw 2 transactions this February, the same as last year.
Brampton
Brampton’s market saw the steepest decline, with transactions falling 94.74% YoY and total sales volume dropping 98.88%. Only one retail transaction was recorded, selling for $1.1M, down 39.63% YoY. No sales were recorded in the apartment, industrial, office, ICI land, or residential land sectors, indicating a near-total freeze in market activity. This suggests that investors may be adopting a wait-and-see approach, potentially influenced by economic uncertainty or financing challenges.
Brampton saw 1 transaction this February compared to 19 transactions last year.
