Ranking tables

Real Estate | Canada

Ontario

Corporate matters related to real estate include M&A of large real estate holding companies, complex fund and REIT transactions, private equity and public securities. These real estate lawyers are distinct from pure corporate lawyers in that they typically come from a real estate background, have an understanding of the underlying asset. Real estate finance matters are also included. Lawyers do not need to act exclusively for lenders but should have a healthy lender client base which gives them the volume of work in this field. Some of these lawyers will also handle aspects of complex debt capital markets – such as securitisation – but the decision to include them in a real estate table will be based on their understanding of the underlying asset. The structuring and transactional advice provided to real estate investment trusts impacts on our real estate tables.

Rankings overview for Departments

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1

Band 1

  1. Blake, Cassels & Graydon LLP
    1
    Blake, Cassels & Graydon LLP
    Real Estate
    2025 | Band 1 | 10 Years Ranked
    Blake, Cassels & Graydon is highly regarded for its ability to handle an array of real estate mandates for an impressive portfolio of clients in Ontario. The firm is particularly well known for its representation of major domestic and international investors in high-end real estate transactions. It regularly handles acquisitions, dispositions and complex financings and is well placed to assist with leasing matters. The Toronto team acts on mandates involving a range of asset classes, from shopping malls to apartments and retirement homes.
  2. McCarthy Tétrault LLP
    1
    McCarthy Tétrault LLP
    Real Estate
    2025 | Band 1 | 10 Years Ranked
    McCarthy Tétrault is universally recognised as a real estate powerhouse in Toronto, offering the full suite of services to financial institutions, pension funds, REITs and large infrastructure developers. The team is admired for its expertise in substantial transactions and joint venture formation work. It is also well regarded for its experience in construction and bond financing agreements. In addition, the firm assists clients with development projects, representing them in obtaining re-zoning and site plan approvals, including appearing before the OLT.
2

Band 2

  1. Bennett Jones LLP
    2
    Bennett Jones LLP
    Real Estate
    2025 | Band 2 | 10 Years Ranked
    Bennett Jones has a prominent Toronto-based commercial real estate team that is widely acknowledged for its expertise in advising on complex financing mandates, as well as offering significant capacity in relation to acquisitions, dispositions and joint venture agreements. Its clients also benefit from the team's multi-jurisdictional capabilities and further expertise in planning and zoning matters, as well as its ability to represent clients in OLT hearings. The firm's client roster includes a number of institutional investors, banks and property management companies.
  2. Davies Ward Phillips & Vineberg LLP
    2
    Davies Ward Phillips & Vineberg LLP
    Real Estate
    2025 | Band 2 | 10 Years Ranked
    Davies Ward Phillips & Vineberg has a distinguished real estate practice based in Toronto with significant transactional prowess. The team advises clients in relation to a range of major office and mixed-use developments, as well as large master-planned communities. It has notable experience acting for pension funds, private real estate companies, developers and REITs, as well as government entities, on high-value deals and projects.
  3. Goodmans LLP
    2
    Goodmans LLP
    Real Estate
    2025 | Band 2 | 10 Years Ranked
    Goodmans has a widely revered Ontario land use and zoning practice, acclaimed for regularly assisting developers with approvals and other land development matters in the City of Toronto and Greater Golden Horseshoe. Its clients in this area include government bodies, municipalities, major developers and advocacy groups. The group is also very well respected for assisting public and private companies with significant real estate transactions, including large portfolio acquisitions and complex financings. It represents an impressive roster of pension funds, asset managers, REITs and other institutional players.
  4. Osler, Hoskin & Harcourt LLP
    2
    Osler, Hoskin & Harcourt LLP
    Real Estate
    2025 | Band 2 | 10 Years Ranked
    Osler, Hoskin & Harcourt has a well-established real estate practice in Ontario capable of providing the full spectrum of services to an enviable client base. The group is recognised for its experience of financings and joint venture developments, as well as advising on traditional acquisitions and dispositions. It often acts for REITs and clients from the retail and senior housing sectors. The team is also well placed to provide related tax and environmental law advice, as well as handling the real estate aspects of significant insolvencies. The firm demonstrates the growing ability to service clients seeking land use planning and municipal advice.
  5. Stikeman Elliott LLP
    2
    Stikeman Elliott LLP
    Real Estate
    2025 | Band 2 | 10 Years Ranked
    Stikeman Elliott is recognised for its impressive strength in managing large real estate transactions, including purchases, sales and financings. Its lawyers frequently assist clients entering into co-ownership and joint venture agreements, as well as demonstrating strong expertise in complex commercial leasing and sale-leasebacks. The team's experience covers a wide range of product types, including commercial, retail and mixed-use properties. It is further equipped to handle issues surrounding land development, including zoning approvals and official plan amendments. The group demonstrates notable experience in OLT hearings. Its clients include public and private companies and REITs.
  6. Torys LLP
    2
    Torys LLP
    Real Estate
    2025 | Band 2 | 10 Years Ranked
    Torys operates a well-established Toronto real estate group with a strong focus on high-end transactions. The firm frequently acts on large portfolio deals, joint ventures and shared ownership matters, as well as advising lenders on significant financings. It represents an impressive roster of institutional clients and, in addition to its strength in commercial real estate, is well equipped to handle the real estate aspects of large-scale infrastructure and energy projects. The team is also mandated on condominium development and possesses notable strength in senior housing.
3

Band 3

  1. Borden Ladner Gervais LLP
    3
    Borden Ladner Gervais LLP
    Real Estate
    2025 | Band 3 | 9 Years Ranked
    Borden Ladner Gervais has a national real estate department with a significant footprint in Ontario. The team is especially well regarded for its prowess in municipal and land use planning, frequently assisting large municipalities with expropriations, OLT hearings and approvals. It is equally well versed in matters relating to infrastructure project development, as well as handling office, condominium and industrial mandates. The commercial real estate group serves major institutional clients and has notable experience of complex financing, transactions and leasings. The firm's notable clients also include funds, developers, portfolio managers and healthcare companies.
  2. Dentons Canada LLP
    3
    Dentons Canada LLP
    Real Estate
    2025 | Band 3 | 8 Years Ranked
    The Ontario arm of global firm Dentons is able to draw on the firm's vast international network to service clients requiring cross-border real estate expertise. The firm also acts on large local transactions, notably acquisitions, financings and commercial leasings, from its Ottawa and Toronto offices. The group is involved in a number of development projects, advising on partnership structures and lending.
  3. Fasken
    3
    Fasken
    Real Estate
    2025 | Band 3 | 10 Years Ranked
    Fasken is acknowledged for its ability to provide an integrated service to its client base in the real estate sector in Ontario. The team draws praise for its experience of planning, development and transactional matters, with notable expertise in complicated dispositions and joint venture agreements. The group is equally well equipped to advise on financing mandates and the real estate aspects of infrastructure projects. It regularly acts for clients in the retail, office and industrial sectors.
4

Band 4

  1. Cassels Brock & Blackwell LLP
    4
    Cassels Brock & Blackwell LLP
    Real Estate
    2025 | Band 4 | 10 Years Ranked
    Cassels Brock & Blackwell is a respected Toronto-based law firm with an impressive aptitude for development approvals, re-zoning applications and other land use planning matters. The team offers extensive expertise assisting REITs, institutional investors and commercial lenders with transactions, including acquisitions, dispositions, financing and commercial leasing mandates. It also regularly acts on joint venture developments and portfolio transactions. The team acts for clients in an array of sectors, including energy, education and hospitality.
  2. Gowling WLG (Canada) LLP
    4
    Gowling WLG (Canada) LLP
    Real Estate
    2025 | Band 4 | 9 Years Ranked
    Gowling WLG has a well-regarded real estate group with a strong track record in commercial leasing, as well as advising on acquisitions, developments and financings. The group is well equipped to handle broader real estate mandates, such as fund formation and advice on defaulted loans. The firm represents a number of international brands with regard to office and industrial real estate matters in Canada. The group has further capabilities with clients at the Ontario Court of Appeal and the OLT.