RE/MAX Holdings Inc. has released a new report highlighting a tactical shift in Canada's top commercial markets in 2025, driven by economic uncertainty and ongoing trade wars. The report reveals that Alberta, Saskatchewan, Manitoba, and Newfoundland-Labrador are leading the country in commercial activity. Investors are seizing opportunities for strategic repositioning and targeted investment, with a focus on adaptive reuse and long-term value. The commercial real estate market is pivoting to fundamentals, promoting revitalization and a more discerning buyer pool. Institutional investors and Real Estate Investment Trusts (REITs) are cautiously re-entering the market, targeting acquisitions. Notably, Oxford Properties Group invested $730 million for a 50 percent interest in seven office towers in Vancouver and Calgary. The report indicates that multi-family and industrial assets are the top performers, with retail also maintaining momentum. The market is supported by pressures on housing stock, government growth policies, and rising e-commerce sales. While Hamilton and the Niagara Region are seeing a right-sizing in commercial activity, programs like the Multi-Unit Residential Buildings (MURB) could bolster investment opportunities for smaller players. However, the current market lull may have long-term repercussions as inventory levels decrease.