“We’ve seen the biggest rise in office vacancy in areas like downtown west, the University district, Yonge and Bloor, and Yonge and Eglinton — exactly where this office replacement policy applies. This is adding friction to new development, which is the last thing the city needs right...
Due to that corporate growth, Toronto has some of the lowest office vacancy rates in North America. According toAltus Group Data Solutions, the city’s downtown office vacancy rate was 3.2 percent as of February 2020, with 75 percent of the under-construction office space already leased. In ...
Canada's overall vacancy rate was 3.4% in 2016, up 0.1% from 2015. Thanks to Vancouver's steady employment and growing population, the vacancy rate in Grand Winn dropped from 0.8 percent in 2015 to 0.7 percent in 2016. Toronto's apartment vacancy rate dropped from 2.3% last year to 1.8%...
With vacancy control, when a tenant leaves, the home stays at its previous rate and prices can only be increased by a prescribed amount. However, there are other forms of rent control as well, which be categorized as “soft”, medium”, or “hard”. Soft rent control allows for ...
Nevertheless, given this economic backdrop, the office, industrial and retail commercial real estate markets continue to perform well. The office market has slowed slightly, with vacancy up 20 basis points year-over-year to 6.7%, and the average net asking rental rate down 1.0% over the same...
City Council request the Office of Emergency Management take immediate steps to augment services for homeless individuals and seek the support of the Red Cross in managing the harm inflicted by the housing and homelessness crisis. Good to join@kristynwongtam@gordperks@cathyacrowe@RafiInterfaith@SHJ...
On the opposite side isKingly Condos’ 632-sf unit having a negative monthly cash flow of $618. This is a perfect example of why investors should be cautious when purchasing in developments with short closings. The project was initially scheduled to be a mixed-use office and rental development...
Vacancy rate Our Frequently Asked Questions If you’re a homeowner navigating the world of property management in Toronto for the first time, it can be a daunting experience. Still have questions? Book a Call What are the benefits of a property management company?
which controlled Oxford Properties who owned one of the largest office and retail portfolios in Canada. In the early 2000's, Concord Pacific became a separate public company and was subsequently privatized. Concord Pacific is now a private company active in the resi...
As the Knicks work down the list of their point guard options, rival executives have pointed to Minnesota Timberwolves starter D'Angelo Russell as a potential lower-level trade target. New York's front office recently added former Minnesota president of basketball operations Gersson Rosas, who...