Canada Real Estate Tenders

The Canadian real estate market is one of the most robust in the world, with a total value of over $7.82 trillion in 2023. The market is dominated by residential real estate, which is expected to reach a market volume of US$5.93tn in 2023. Home prices have been on a steady upward trend in recent years, with the average national home price reaching $656,625 in October 2023.

The Canadian government is a major purchaser of real estate, spending billions of dollars each year on office space, industrial properties, and residential accommodations for its employees. In 2022, the government spent over $10 billion on real estate procurement.

The Canadian government procures a wide variety of real estate products and services, including:
Office space
Industrial properties
Residential accommodations
Land
Property management services
Real estate consulting services

The top authorities for Canada real estate procurement are:
Public Services and Procurement Canada (PSPC)
Department of National Defence (DND)
Canada Housing and Mortgage Corporation (CMHC)
Parks Canada

The top winners of Canada real estate procurement contracts are:
Colliers International
Cushman & Wakefield
Jones Lang LaSalle
CBRE
GWL Realty Advisors

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