Canderel - Associate, Investments; Commercial

Position: Canderel - Associate, Investments (Commercial)

Toronto, ON, Canada

Job Description

Posted Monday, June 22, 2026 at 4:00 AM

Who we are:

Canderel is a real estate company recognized for its commitment to developing vibrant communities nationwide. Focused on sustainability, innovation, and inclusivity, the company offers high-quality properties along with customer service aimed at enhancing the daily lives of residents and tenants. Canderel also manages the office building portfolio of the Caisse de dépôt et placement du Québec (CDPQ) in Quebec.

Summary: We are committed to fostering an inclusive and diverse work environment where every team member is valued and empowered to contribute. As an Associate, you will play a critical role in evaluating commercial real estate investment opportunities across the country. Your primary responsibilities will include:

• Investment Screening & Underwriting – Analyze and underwrite potential acquisitions and development opportunities, assessing financial feasibility, market positioning, and risk adjusted returns.
• Due Diligence & Market Research – Conduct in-depth market research, financial modeling, and risk analysis to support investment decision-making. Oversee financial due diligence processes to ensure comprehensive deal evaluation.
• Development Support – Assist the Investment and Development team in active development projects by analyzing project plans, financial structures, and potential financing opportunities.
• Strategic Advisory – Provide insights and recommendation to senior management to support investment theses and strategies.

Success in this role requires a proactive mindset, strong analytical skills, and the ability to navigate complex real estate transactions in a fast-paced, entrepreneurial environment. By joining our team, you will help shape high-quality, inclusive communities that drive long term value and innovation in the Canadian real estate sector.

Responsibilities:

• Assist with acquisition, disposition and development underwriting and due diligence for commercial properties;
• Prepare financial models and scenario analysis in both Argus and Excel to project cash flows, investment returns, and the viability of acquisitions, development and re-development projects;
• Assist in the development and management of financial models for investment management, performance tracking, scenario analysis and financing
• Building and verifying waterfalls to determine the timing and amount of profit distribution available to partners;
• Participate in the research, analysis and execution of strategic initiatives
• Assist and prepare packages for Canderel’s Investment Committee and potential partners;
• Prepare financing packages for lenders;
• Review, summarize and incorporate third party analysis (i.e. engineering, cost consultants, geotechnical reports etc.);
• Monitor existing portfolio of existing income producing properties and assist leasing team with relevant financial analysis on large lease transactions;
• Perform in ‐ depth industry, market and competitor research to support the investment review process;
• Develop strong business relationships with peers in the industry;
• Support development of asset-specific and portfolio strategic plans, buy/sell recommendations and reports
• Assist in the annual budgeting process, prepare regular updates of budgets, cashflow and proforma to meet business and reporting requirements
• Update Argus and Excel models on a regular basis as part of the ownership reporting;
• Support asset management team and respond to inquiries and information needs in a timely and professional manner
• Perform analysis and valuations of investment property portfolio and coordinate the external appraisal/ valuation process
• Ad ‑ hoc reporting as required.

Qualifications &

Competencies:

• Undergraduate degree in business, engineering, mathematics or similar relevant fields;
• 3+ years of real estate investments/ development/ asset management experience;
• MBA, CFA, an asset, but not required
• Proficiency in the use of artificial intelligence tools
• Excellent written and oral communication skills in English; strong preference for bilingualism (English and French) as well;
• A good understanding of real estate fundamentals (office, residential,…