50 h. ago Downtown London office vacancies inch up, but slide may level off: Realtor

The emptying of office space in London’s downtown may be levelling off, one commercial realtor says, as the latest commercial vacancy rate hit a new high in the first quarter of this year. London’s downtown now has 32 per cent of its office space vacant, up from 31.7 per cent at the end of 2024, […]

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68 h. ago New report shows Calgary's downtown office vacancy rate climbs back above 30%

The effect of increased oilpatch consolidation continues to be felt in Calgary’s downtown office market, with the vacancy rate for these buildings climbing back above 30 per cent during the first three months of the year. A report released Monday by commercial real estate firm CBRE Ltd. found the downtown office vacancy rate increased during […]

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68 h. ago Varcoe: Calgary office vacancy rate creeps above 30% — 'Like climbing out of a hole made of quicksand'

Two major factors could shake up efforts to revitalize the downtown and fill empty office buildings in the core. One is ongoing oilpatch consolidation, which has pushed the downtown office vacancy rate back above 30 per cent during the first three months of the year. The tremors from U.S. tariff threats are creating uncertainty, but […]

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2 d. ago Canada Downtown Office Vacancy Falls for First Time Since 2020

The vacancy rate for Canada’s downtown office buildings fell for the first time in five years as efforts to convert empty properties to other uses gathered momentum.

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3 d. ago Downtown Toronto is still struggling despite some signs of life returning

Downtown Toronto has gradually recovered much of the vitality lost during the pandemic years, but the city centre is still struggling with a dearth of office workers even amid signs of life returning.New data in CBRE's just-released Q1 2025 Canada Office Figures report reveals that vacancy in downtown Toronto's gutted commercial market rebounded slightly during the first months of the year, but there's still a long way to go before things are even close to normal again.CBRE's figures show that Toronto fared better than other Canadian cities during the first quarter of 2025, with downtown office vacancy declining by 50 basis points to 18.5 per cent.While this leap marks the first substantial drop in vacancy recorded since the market took a nosedive in early 2020, there is still much ground to recover should vacancies ever drop to the figures seen in the before-times.Central Toronto's office market hit a record low vacancy rate of just 2.2 per cent in the fourth quarter of 2019. Howev...

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3 w. ago All Senate vacancies now filled as Trudeau makes 5 new appointments

With just days to go until Prime Minister Justin Trudeau leaves federal politics, his office says five new appointments have now filled all the vacancies in the 105-seat Senate.

Politics