Montreal

Colocation Insights

• The colocation vacancy rate remained near an all-time low at 2.7%.
• Large continuous space for lease is limited to 2 MW at any given facility.

Market Trends

• Due to government restrictions on new power procurement, no new data center development was started in Quebec in 2024.
• Data center providers interested in entering the market faced significant challenges securing electrical service agreements for power. Only providers with existing power agreements or commitments were able to move forward with new data center deliveries.
• Operators that had previously contracted power reserves within their existing facilities were able to plan new data center deliveries.

Notable Activity

• Enovum Data Centers was acquired by Bit Digital and announced a 280-MW pipeline of new available colocation capacity across Canada.
• Montreal-based eStruxture Data Centres plans to develop a 90-MW facility in Calgary near its CAL-2 site in Balzac.
• Cologix completed construction of its MTL8 facility and will energize up to 16 MWs of critical IT power in 2025, all of which is preleased.

Figure 1: Market Development Information

Figure 2: Market Inventory and Vacancy

Figure 3: Market Fuel Mix

Figure 4: Average Asking Rates