Real Estate Brokerage Analyst (Investment Banking)

As an Analyst on the Real Estate Property and Mortgage Brokerage team, within the Real Estate Investment Banking group at National Bank of Canada Capital Markets, you will work in a high-volume, brokerage and advisory environment, supporting the execution of debt placement, equity advisory, and investment property sales mandates. This role is best suited for candidates who have begun their careers within commercial real estate brokerage or capital markets platforms and are motivated to build a long-term career as a real estate intermediary.

Your Job

• Supporting the execution of live brokerage mandates, including debt placement, equity advisory, and investment property sales, from initial underwriting through closing
• Collaborate with clients and other key stakeholders to underwrite investment real estate transactions and support real estate decision-making processes
• Create, edit, and/or prepare proposals, including conducting general market research and other relevant analysis, for offering memorandums
• Conduct property-level due diligence including visiting properties, researching and collecting information on market fundamentals, ownership, tenants, and other analysis
• Reading and summarizing reports including appraisals, building condition and environmental reports, and other relevant legal documents (i.e., property leases)
• Creating complex financial models using Excel and Argus while performing financial analysis to assist in the valuation of real estate properties across all major asset classes
• Working closely with senior brokers and bankers on origination, mandate execution, and closing activities across multiple concurrent transactions

Your Team

National Bank of Canada Capital Markets (“NBCCM”) is a leading, fully integrated investment dealer with a strong presence across Canada and international capabilities. Its Investment Banking group, comprised of over 170 professionals across Montreal, Toronto, Calgary, Vancouver, and New York, has demonstrated strong momentum and continued growth in recent years. NBCCM is expanding its Real Estate Property and Mortgage Brokerage team within the Real Estate Investment Banking group. This role is based in the Montreal office.

We encourage applications from candidates with a strong interest in commercial real estate, particularly those with current or prior experience in real estate brokerage or advisory roles (e.g., Analyst, Senior Analyst, Associate). NBCCM offers a collaborative, hands-on environment with on-the-job training and access to experienced professionals to support your ongoing development.

Requirements

• Undergraduate or graduate degree in Finance, Accounting, Real Estate, or a related field
• 1–3 years of relevant experience in commercial real estate, with a strong preference for experience within brokerage, advisory, or capital markets environments
• Prior exposure to live transactions involving debt placement, equity advisory, or investment property sales is strongly preferred
• Experience within commercial real estate brokerage platforms, mortgage brokerage teams, capital markets groups, or valuation teams embedded within brokerage firms considered a significant asset
• Strong financial analysis and modeling skills, including proficiency with Excel and Argus
• Solid understanding of real estate capital markets, debt structures, and brokerage processes
• Demonstrated problem‑solving mindset, strong work ethic, and ability to perform in a fast‑paced, transaction‑driven environment
• Strong interpersonal and communication skills, with the ability to build trusted working relationships
• OACIQ and/or AMF licensing are considered an asset but not required at the Analyst level