Canada’s data center market is experiencing unprecedented growth driven by AI workloads, cloud migration, and hyperscale expansion. Montreal’s hydroelectric advantage positions it as a leading destination for power-intensive facilities.
+28% YoY
Market growth
$0.05/kWh
Quebec power cost
450MW
Pipeline capacity
<5%
Vacancy
Growth Drivers
AI model training, enterprise cloud migration, and Canadian data sovereignty requirements are driving 28% year-over-year growth. Hyperscalers (AWS, Google, Microsoft) are all expanding Canadian presence.
Quebec Advantage
Quebec offers North America’s cheapest electricity at ~$0.05/kWh, cool climate reducing cooling costs, political stability, and proximity to US Tier 1 markets. Montreal is emerging as a global data center hub alongside Toronto and Calgary.
Investment Opportunity
Data center real estate commands premium pricing with long-term triple-net leases (10–20 years). Cap rates of 5–7% with built-in escalation clauses. Jeremy Soares is one of the few Canadian brokers specializing in data center properties.