Canadian Real Estate Lenders Report 2025

The 2025 edition of CBRE’s Canadian Real Estate Lenders’ Report analyzes the responses of 37 domestic and foreign lenders, representing over $200 billion in commercial real estate loans under management combined, to a 38-question survey conducted from December 10, 2024 to January 20, 2025. The survey has been in publication since 2014 and asks questions on activity expectations, lending terms and criteria as well as lender sentiment and preferences.

The results from our survey suggest that overall lender sentiment has improved for real estate and lenders are gearing up for a much more active 2025. While some challenges persist for lending in select asset classes, borrowers can expect to see greater debt availability and stronger levels of competition among lenders this year.