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Commercial Real Estate Insider

Cap rates: The most famous (and misunderstood) number in commercial real estate

Volodya Gusak Commercial Cap Rates National Nov. 4 2025

A calculator can give you the answer, but it can’t teach you the math. A few years ago, a broker closed a shopping centre sale at a six-per-cent cap rate. To the buyer, it had looked like a steal.

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Alberta Atlantic Canada Banff British Columbia Calgary Charlottetown Edmonton Greater Montreal Halifax Hamilton International Jasper Lethbridge Manitoba Metro Vancouver National Nova Scotia Ontario Ottawa Quebec Quebec City Regina Saskatchewan Saskatoon Surrey Toronto / GTA Victoria Waterloo Winnipeg Yukon / NWT / Nunavut
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 P.O. Box 1484, Stn. B
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