Canada's Office Market is Inching Closer to Equilibrium: CBRE

According to a new report from commercial real estate services firm

According to the report, 2.1M sq. ft of positive net absorption was recorded this quarter, though much of this was attributed to the delivery of pre-leased new supply. If excluding the gains from new supply, national net absorption would have still remained positive, totalling to 207,000 sq. ft. There is room for optimism on the pandemic recovery front for the country’s offices, even if remote or hybrid work is here to stay. According to the report, overall, minor recovery was noted over the quarter as vacancy decreased 10 basis points to 16.4% — a first since the onset of the pandemic. This was led by further improvement in the suburbs as downtown markets remained stable at 16.9% vacant.

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Survey: Legal cannabis dealers starting to gain market share in CanadaThis year’s survey suggests that the legal system is starting to win consumers over.
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Canada adds 21,000 jobs in tight market; Unemployment rate falls - BNN BloombergCanadian employment grew in September for the first time in four months, but gains remained moderate in a sign the labor market continues to be near full capacity.
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