Hangars, MRO facilities, and airside parcels for a specialized aviation market.
Aerospace real estate is a narrow market with a narrow buyer pool, and the transactions that happen are typically off-market. We are one of a small number of Canadian brokerages with active mandate experience in the category.
How we work in aerospace & mro.
The Canadian aerospace real estate market consists of perhaps two hundred airside parcels at federally regulated airports across the country, plus a similar number of off-airport hangar and MRO facilities. The buyer pool for any given asset is small — typically a handful of operators, fixed-base operators, or aerospace manufacturers with existing presence at that airport. Transactions are slow, relationship-driven, and rarely advertised.
Our practice works the four major Canadian aerospace clusters: the GTA (Pearson, Toronto-Buttonville, Hamilton, Oshawa), Montreal (Mirabel, Saint-Hubert — through partner relationships), Calgary, and Winnipeg. We focus on transactions in the GTA and Calgary directly and partner on Quebec and Manitoba mandates.
The work requires understanding airport authority lease structures (typically 21+21 years with renewals), Transport Canada regulatory overlay, and the operator-specific economics of MRO businesses. Hangar real estate trades at unusual cap rates that reflect both the scarcity of the asset and the operator-credit risk profile. We underwrite both.